Search a ticker

Categories
Featured Investing Stock Market Today Stocks to Watch

2 Tech Stocks To Watch In November 2022

Are these two tech stock good long-term stocks to buy now?

tech stocks

Tech stocks have been on the rise in recent years, as more and more people are investing in the latest and greatest technology. This trend shows no signs of slowing down, as new innovations are constantly being made in the tech world. Some of the most popular tech stocks include Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), and Microsoft Corporation (NASDAQ: MSFT).

These companies are leaders in their respective fields, and their stock prices have reflected this. investors who are looking to make a profit. Tech stocks can be a great investment for those who are willing to take a risk, as they have the potential to generate a lot of growth. However, it is important to remember that the tech sector is also very volatile, so it is important to do your research before investing. Considering this, here are two large-cap tech stocks to watch in the stock market today.

Tech Stocks To Buy [Or Sell] Now

1. Intuit Inc. (INTU Stock)

Starting off, Intuit Inc. (INTU) is a global financial technology company. The company currently has over 100 million customers across the globe that use its family of software. This includes popular platforms like QuickBook, TurboTax, Credit Karma, and Mailchimp.

INTU Recent Stock News

In November, Intuit announced that it reaffirms its operating income and EPS forecast for the fiscal year 2023. Diving in, the company said it expects to report results for Q1 2023 on November 29, 2022. They also said that they are expecting to report 1st quarter of 2023 above the guidance that it provided at its Investor Day back on September 29, 2022.

The company’s CEO Sasan Goodarzi stated, “We continue to be bullish on our small business and tax businesses, which made up 86 percent of our revenue last year, and we expect each of these segments to meet our previously issued revenue guidance for the year as we continue to accelerate innovation across the company.”

INTU Stock Chart

On Friday, shares of INTU stock closed down 1.04%. Meanwhile, INTU stock is set to open Monday morning’s trading session at around $361.19 a share.

Source: TD Ameritrade TOS

[Read More] What Happens To Stocks During A Recession?

2. Alphabet (GOOGL Stock)

Next, Alphabet Inc. (GOOGL) is an American multinational conglomerate, notably the parent company of Google. The company is best known for its flagship product, Google Search, as well as for developing and owning such notable products and services as YouTube, and Android among others.

GOOGL Recent Stock News

Just last month, the tech giant reported a miss for its 3rd quarter 2022 financial results. Specifically, Alphabet reported earnings of $1.06 per share, along with revenue of $69.1 billion for the third quarter of 2022. This is compared to the street’s consensus estimates, which were earnings of $1.25 per share, and revenue estimates of $71.0 billion.

Ruth Porat, CFO of Alphabet and Google, said: “Our third quarter revenues were $69.1 billion, up 6% versus last year or up 11% on a constant currency basis. Financial results for the third quarter reflect healthy fundamental growth in Search and momentum in Cloud, while affected by foreign exchange. We’re working to realign resources to fuel our highest growth priorities.”

GOOGL Stock Chart

Meanwhile, Alphabet stock is going into the new trading week after closing Friday’s trading session up 3.78%. With that, shares of GOOGL stock are set to open Monday’s trading session at around $86.58 a share.

Source: TD Ameritrade TOS

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!

By Josh Dylan

Josh Dylan is an active contributor to StockMarket.com. His forte is in geosocial events and emerging trends in the stock market today. As an active contributor to other financial outlets like MarijuanaStocks.com, his ability to study current events and determine the potential market reaction is what sets him apart from other writers.

After studying at UC Santa Cruz and earning a bachelor's of art and art history, Josh also went on to start his own business in art resale. Identifying underserved niches like this has allowed him to think outside the box when it comes to applying this approach to the stock market.

His new-age take on social media and branding gave Josh the foresight to apply certain lifestyle trends to market moving topics. This has included the recent trend in the cannabis industry and marijuana stocks as well as following emerging technology such as artificial learning and web-bots. Fundamentals are just as important as momentum in Josh’s opinion. Being able to understand how to apply popular trends to investing is of major importance. If the price of oil is sinking but the price of gold is following along, we want to understand why, not just follow the broader trend.

Josh Dylan makes it a point to not only mention what hot “today” but also find ways to apply that to find future opportunity in the stock market. What’s more is that Josh has become an active part in the StockMarket.com social media team. He works to delivery top research not only one StockMarket.com but also bring it to the readers, directly.

By studying the macro-economic events in the market, Josh makes sure to find events that could shift micro-economic trends. He prides himself on taking a unique approach to information but not taking things for “face value”. When it comes to the stock market, things can change at a moment’s notice and Josh makes sure to stay ahead of that with sound research and diligence. When Josh isn’t writing about the stock market, he enjoys spending time with his family and surfing. He currently calls Southern California his home.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments