5 tech stocks to watch in the stock market today

Do you have these peak stocks on your September 2021 watchlist?

While Chinese tech stocks in the face of regulatory problems, the national names in the tech industry continue to shine. For the most part, this section of the stock market remains active today. Naturally, with the world’s growing reliance on technology, that would make sense. If you think about it, technology is present in most facets of our lives. This includes our portable electronics, cars, homes, and even critical infrastructure in every country, to name a few. Given the vast applications of technology today, there are many technology stocks that investors can choose from.

Not to mention, with the increase in cases of Delta variants, more and more companies are delaying the return of employees to their physical offices. As a result, we might also see continued momentum among enterprise software stocks. This would include businesses such as Quickly (NYSE: FSLY) and Twilio (NYSE: TWLO) for example. To date, FSLY and TWLO shares are now recording gains of over 180% from their pandemic-era lows. After reading all of this, I could understand if you are interested in the best tech stocks in the stock market right now. In that case, here are five to note.

The best tech stocks to watch right now

Apple Inc.

Apple is a technology company specializing in consumer electronics and online services. In fact, the company is one of the largest technology companies in the world in terms of revenue and also one of the most valuable. In addition to its premium line of smartphones and tablets, the company also offers a wide range of services such as Apple Music and Apple TV. At the end of July, the company released its third quarter financial statements.

Diving, it posted record revenue of $ 81.4 billion for the quarter, up 36% year-over-year. Additionally, Apple reported quarterly earnings per diluted share of $ 1.30. The company says subscription services have reached an all-time high and achieved record revenues in each of its geographic segments. It also recorded double-digit growth in each of its product categories and a new all-time high for its installed base of active devices. All things considered, do you think AAPL stock is a top tech stock to watch right now?

Source: TD Ameritrade CGU

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Coinbase Global Inc.

Coinbase is a company that operates a cryptocurrency exchange platform. It allows its users to send and receive Bitcoin easily and securely. Impressively, it is one of the largest cryptocurrency exchanges in the United States in terms of transaction volume. With more than 68 million verified users and a quarterly trade volume of $ 462 billion, the company’s platform is available in more than 100 countries. Last week, the company announced some exciting news.

For starters, Coinbase announced that it will change its investment policy. The company also said it is committed to investing $ 500 million of its cash and cash equivalents in crypto assets. Going forward, it will also allocate 10% of its quarterly net income to a diversified portfolio of crypto assets. This would mean that the company will be the first publicly traded company to hold Ethereum, Proof of Stake, DeFi tokens, and many other supported crypto assets for trading on its platform. With this exciting news, will you consider watching the COIN action?

cutting edge actions (COIN actions)Source: TD Ameritrade CGU

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Microsoft Corporation

Next on this list we have Microsoft, a multinational technology company that produces software and electronics. It is best known for its software products like the Microsoft Windows line of operating systems and also Microsoft Office, its productivity applications.

Last week on Thursday, the company announced that it would increase the prices of commercial subscriptions to its Microsoft 365 (formerly Office 365) bundles of productivity applications such as Word and Excel in 2022. The price hike will increase prices. Microsoft’s total revenue and given that the Office line remains the company’s flagship product in terms of sales and most of Office’s revenue is also related to commercial use. Notably, this will also be its first major price change since Microsoft launched the service in 2011. That being said, will you be looking at MSFT stock?

top tech stocks (NASDAQ MSFT)Source: TD Ameritrade CGU

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Facebook Inc.

Next, we’ll take a look at the social media tech giant Facebook. As one of the major players in the social networking space, Facebook’s core services remain relevant like never before. Through the company’s platform, people around the world can stay connected safely amid the current pandemic. To give you a sense of the scale, the company currently has a daily active user base of 1.91 billion. According to Facebook’s last fiscal quarter, average revenue per user was around $ 10.12 for the quarter.

While all of this is great, Facebook is not yet resting on its laurels. Earlier this week, David Marcus, head of Facebook’s fintech division, made an exciting announcement. Namely, Marcus unveiled Novi, Facebook’s crypto-based digital wallet service.

In detail, Novi is fully approved in almost all US states and will offer peer-to-peer payment services. The likes cover domestic and international transfers among other related solutions. With Facebook looking to jump into the crypto space, will you be keeping an eye on FB stock?

NASDAQ FBSource: TD Ameritrade CGU

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Magnite Inc.

Topping our list today is Magnite. In short, the Californian company is a leader in the online advertising industry. According to Magnite’s estimates, it currently operates the world’s largest independent advertising platform. With its ad technology offerings, publishers can monetize their content across a wide variety of media. Now, with more consumers still confined to home across the globe, Magnite’s services would be relevant. After all, businesses would interact with potential customers more than ever in the digital space. Because of all of this, I could see investors watching MGNI stocks closely now.

Well, on the one hand, Magnite seems to be shifting into high gear across the board now. For starters, the company released stellar numbers in its second quarter fiscal year released earlier this month. Year over year, Magnite posted gains of 170% of total revenue, 194% of net income and 172% of earnings per share.

Additionally, the company is also currently working with Merkle, a data-driven customer experience management company. Through this partnership, Merkle’s identity and data resolution platform, Merkury, is now integrated with the Magnite platform. Thanks to this, Magnite can now support targeted advertising without the use of third-party cookies. Overall, would you consider adding the MGNI action to your watchlist?

NASDAQ MGNISource: TD Ameritrade CGU

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

About Anne Wurtsbach

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