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In 2021, technology stocks have been on a tear, proceeding with what was flaming in 2020 for the technology sector, which flourished with the abrupt need of boundless remote work welcomed on by the pandemic and social distancing. Recently, many tech stocks are attracting investors globally. Investors need to look out for the best tech stocks to buy before making the right decision with money and time.
Analytics Insight provides a list of the top 5 tech stocks, according to Yahoo Finance.
Current Price: US$1,906.14
Market Cap: US$94.757B
MercadoLibre Inc. is one of the largest e-commerce platforms in Latin America. The stock climbed nearly 21% in a month and accounts for 0.63% in the fund's basket. It has an expected earnings growth rate of more than 100% for this year.
Current Price: US$272.20
Market Cap: US$67.506B
Workday Inc. is a provider of enterprise-level software solutions for financial management and human resource domains. The stock has surged 16.6% in a month and has 0.3% exposure in the fund's basket. Its earnings are expected to grow 1.8% in the fiscal year.
Current Price: US$104.72
Market Cap: US$131.245B
Pinduoduo Inc. provides an e-commerce platform allowing users to participate in group buying deals, primarily through Tencent's Wechat app. The stock has a projected earnings growth rate of 115.2% for this year and has rallied 16.6% in a month. It accounts for 0.26% of the fund's portfolio.
Current Price: US$336.59
Market Cap: US$51.331B
Synopsys Inc. is a vendor of electronic design automation (EDA) software for the semiconductor and electronics industries. It has jumped 15.8% in a month and its earnings are expected to increase 22.7% for the fiscal year.
Current Price: US$223.39
Market Cap: US$556.688B
NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. This stock makes up for a 3.78% share in the fund's basket and has gained 15.1% in a month. It has an estimated earnings growth of 58% for the fiscal year.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
