As tech stocks are some of the best-performing stocks which you can purchase, it's well worth acquiring a diverse variety of tech stocks in 2021.
In this post, you'll discover a list of the top tech stocks to purchase in 2021. This is especially important as tech stocks are resilient and retain their value in uncertain economic times.
Generally speaking, the best stocks are those that have the potential to grow in value over time. The best stocks for investing don't necessarily have to be the most popular, but they do need to provide a good return on investment. These companies also need to be able to adapt with changing technology and market conditions.
The Best Tech Stocks to Buy in 2021:
Alibaba Group (NYSE: BABA)
- Alibaba primarily connects businesses around the world with manufacturers and suppliers in China.
- Aliexpress is a trading platform where international consumers can purchase inexpensive Chinese-made goods from a multitude of Chinese-based sellers.
- Lastly, Alipay is a mobile form of payment that can be used in 110 countries.
It's well worth investing in the Alibaba Group as in the past three years Alibaba has increased its annual sales by approximately 46.2%.
In comparison, in the same time period, Amazon has only managed to increase its sales by 27.7%.
Also, keep in mind that China has a population of roughly 1.4 billion people and has a growing middle class that supports Aliexpress and Alipay, while small to medium-sized businesses around the world are keen to make bulk orders for their businesses through Alibaba.
Alphabet (NASDAQ: GOOG)
Alphabet owns Google, which remains one of the most influential tech companies in the world. While Alphabet stocks are not cheap, many financial analysts believe that Alphabet is severely undervalued, particularly as Google's cloud offering has increased in revenue by 47% in the past year and is set to grow further in 2021.
As statistics show that Google's cloud is gaining market share from its competitors with each passing month.
You may also be tempted to invest in Alphabet as Alphabet also owns YouTube and YouTube has become increasingly popular due to the Coronavirus pandemic.
In fact, during the pandemic, YouTube's revenue from advertisements increased by a staggering 46%, which equates to roughly $6.89 billion dollars.
Just keep in mind that Alphabet's share price may dip from time to time due to the anti-trust lawsuits which Alphabet faces periodically. That being said, while Alphabet's shares decrease slightly from time to time, they always make a quick recovery.
So if you're looking to make a quick profit or to hold onto Alphabet shares in the long term, it's well worth acquiring Alphabet shares every time that its share price takes a temporary dip.
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Amazon (NASDAQ: AMZN)
Amazon is one of the largest companies in the world and offers a large digital marketplace where users can purchase brand name items as well as cheaper generic items, from the comfort of their own homes.
Whether you already own Amazon shares or not, it's still a great time to acquire Amazon shares as experts believe that their shares are still undervalued.
The first reason why Amazon is undervalued is that Amazon has competitive advantages over its competition and there are multiple barriers for potential competitors to navigate.
For example, as Amazon has invested in its infrastructure and logistics and owns warehouses across the globe, it's almost impossible for new competitors or smaller competitors to steal sizeable chunks of Amazon's market share.
This is due to the fact that few businesses could realistically afford to build massive warehouses across the globe, as Amazon has.
Some of the countries where Amazon has built huge warehouses include Australia, Brazil, Canada, the United Kingdom, Japan, and India.
Even if a major competition did manage to open comparable international warehouses, Amazon has already established itself as the industry leader. So most potential newcomers will not bother to take on Amazon.
Another reason to invest in Amazon is that it has multiple revenue streams and offers a popular entertainment streaming platform named Amazon Prime, which is becoming increasingly popular.
AT&T (NYSE: T)
AT&T is one of the largest telecommunications companies in the United States and is well worth investing in if you're interested in earning reliable, passive income.
While AT&T's share price rises at a slow, yet steady pace, it offers a competitive annual dividend rate of approximately 7.2%.
So whether you're looking to invest in blue-chip stocks or you want to decrease your risk as an investor by adding a few resilient stocks to your investment portfolio, it's a wise idea to invest in AT&T this year.
Another key reason to invest in AT&T is that they have acquired Warner Bros. in 2018 as well as the popular TV and film streaming service HBO Max.
As Warner Bros. has a long list of high-profile movies slated to screen in 2021, it's highly likely that its share price will increase before the end of 2021.
Broadcom Inc (NASDAQ: AVGO)
Broadcom Inc is one of the world's leading semiconductor suppliers. In fact, Broadcom Inc designs and manufactures all of its own semiconductors which are used in software products and the infrastructure sector. Some of the diverse markets that Broadcom Inc targets include the software industry, the broadband industry, and the call center industry.
One major reason to consider investing in Broadcom Inc is that there is currently a shortage in the global supply of chips.
As Broadcom Inc is one of the largest players in the industry, it's likely that Broadcom Inc will increase its production in order to meet global demand, which should bolster Broadcom Inc's profits and share price.
If you're curious about Broadcom Inc's current performance, their share price has increased by over 160% since March 2020, as you can see by the chart above! They went from $274.25 on March 3rd, 2020 all the way to $480.51 on March 2nd, 2021.
Fiverr International (NYSE: FVRR)
Fiverr is an online platform where freelancers can connect with individuals and businesses who are interested in purchasing digital services such as web design services, graphic design services, and video editing services. At the end of 2020, Fiverr announced that it had over 3 million members and that its active buyers had grown by a whopping 37%.
As the gig economy is projected to increase in 2021 and beyond, it's a wise idea to invest in Fiverr International in order to diversify your tech portfolio. In the coming years, it's predicted that more and more individuals will choose to quit their nine to five jobs, in favor of freelancing from their own homes.
PayPal (NASDAQ: PYPL)
PayPal is a fast, reliable way for individuals and businesses to transfer money online and has been around since 1998.
To date, PayPal has over 377 million active accounts and is on track to add 50 million more to its platform by the end of 2021.
During the final months of 2020, Paypal's revenue increased by around 23% despite the negative effects of the global Coronavirus pandemic on the economy. This is proof of Paypal's resilience and dependability.
Furthermore, Paypal's subsidiary Venmo increased its revenue in the last few months of 2020 by around 29%. If you haven't heard of Venmo, it's a popular mobile payment platform that allows individuals to quickly and easily transfer funds to other Venmo members.
Furthermore, PayPal is a great investment as its board projects that Paypal's per share earnings will increase by 18% by the end of 2021. This is especially likely as PayPal now allows its members to purchase, sell and store a myriad of cryptocurrencies such as BitCoin, BitCoin Cash, and Ethereum.
If you believe that cryptocurrencies will continue to shape the finance world, it's well worth investing in the future of PayPal.
Plug Power Inc (NASDAQ: PLUG)
If you're searching for a stock that could help you make a large return on your investment, you may want to invest in Plug Power Inc. As Plug Power Inc focuses on developing leading-edge, hydrogen fuel cell technology which powers EV vehicles.
In fact, Plug Power claims that it developed the first market for hydrogen fuel cell technology.
If you require further convincing of the merits of investing in Plug Power Inc, both Amazon and Walmarts are clients of Plug Power Inc and use the company's turnkey solutions.
In recent developments, Plug Power Inc entered a partnership with the prominent South Korean business group SK Group, in order to accelerate hydrogen use in Asia. In total, the partnership invested $1.5 billion dollars in capital towards their goal of making Asia the first example of how hydrogen can be used to power EVs. As the use of EVs is set to multiply in the next decade, if you want to triple your investment or better, consider investing in Plug Power Inc.
Match Group Inc (NASDAQ: MTCH)
Match Group Inc owns a long list of online dating and mobile dating platforms such as Tinder.
Besides Tinder, you may be surprised to learn that Match Group Inc also owns:
- and OkCupid
In the near future Match Group Inc hopes to add to its ever-growing dating platforms, which means that the company will have a near-monopoly when it comes to online dating platforms.
As it has a history of buying out its competition. During its most recent acquisition of the social video tech company Hyperconnect, its share price quickly rose by 7% as investors believe that Match Group Inc will use Hyperconnect to create audio and video applications for their portfolio of dating applications.
One reason why Match Group Inc is a smart buy is that since March 2020, it has posted gains of over 250%, as shown via the chart above.
This is not surprising when you discover that its flagship app Tinder, amassed an impressive revenue of $1.4 billion dollars in 2020. Despite the pandemic.
Snap Inc (NYSE: SNAP)
Snap Inc is a photo-focused, social media company that appeals to two key demographics, generation z, and the millennial generation.
If you're put off investing in Facebook due to the drama surrounding Facebook's security, you may be interested in interesting in Snap Inc. Keep in mind, Snap Inc's membership base has grown by 22% in a single year and Snap Inc's average revenue per user increased by 33% at the start of 2021. This makes Snap Inc a competitive tech investment!
Some of the reasons why Snap Inc has continued to rise in the past year include its popular AR lenses, Discover videos, in-app games, and online advertisements.
Tyler Technologies (NYSE: TYL)
While you may not have heard of Tyler Technologies it happens to be the largest software provider in the United States's highly competitive public sector.
Currently, it provides local, state, and federal agencies with leading-edge, software solutions. To date over 7,100 government agencies rely on Tyler Technologies for their software needs, which is a great reason to invest in Tyler Technologies.
Another reason to invest in Tyler Technologies is that it recently acquired NIC inc in a large $2.3 billion dollar transaction. This merger took place in order for Tyler Technologies to take out its competition as NIC inc also provided government agencies with essential digital solutions. As a result of the acquisition, Tyler Technologies is now the dominant player in the public sector, when it comes to software solutions.
Zoom Video Communications Inc (NASDAQ: ZM)
One tech company that quickly became a household name in 2020, due to the Coronavirus pandemic was Zoom Video Communications Inc.
While Zoom is technically a cloud communications company, it's best known for its reliable video calls which helped the world keep connected during uncertain times when many individuals were forced to work from home. Over the past 12 months, Zoom shares have doubled in price.
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While Zoom shares have taken a dip in the first few months of 2021, they are forecasted to increase again due to the new tools which Zoom is preparing to launch.
For example, Zoom has just launched a free, live transcription service that allows users with hearing disabilities to easily attend live Zoom calls and meetings. As video calls are set to become an ingrained part of everyday life, especially in business, it's well worth ensuring that you have some Zoom Video Communications Inc shares in your growing tech portfolio.
If you're looking to take control of your financial future, it's well worth adding numerous tech stocks to your diversified investment portfolio, especially if you plan to hold on to your tech stocks for the long term.
And remember, buy the dip! If you do invest in the above stocks, do so when they take a temporary dip in price, in order to maximize your future profits!
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