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2 Tech Stocks To Watch In November 2023

Tech stocks for your November 2023 watchlist.

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The technology sector stands as a cornerstone of modern innovation, encompassing an expansive array of companies. These organizations specialize in various fields, such as software development, semiconductor manufacturing, and cloud computing services. They are pivotal in shaping how we communicate, work, and entertain ourselves. The sector is not just about established titans like Netflix (NASDAQ: NFLX) and Microsoft (NASDAQ: MSFT) but also includes a plethora of startups pushing the boundaries of technology.

Tech stocks symbolize the equity of these cutting-edge firms. They range from blue-chip names with global recognition to high-growth prospects just emerging from their venture-backed origins. While the potential for significant returns is substantial, mirroring the success stories of companies that have reshaped our digital landscape, so is the risk. Market volatility is a hallmark of tech stocks, driven by product cycles, competitive pressures, and the continuous need for innovation.

When it comes to investing in the tech sector, one must navigate with insight and caution. Thorough research into each company’s prospects, competitive position, and financial health is crucial. Understanding broader industry trends can also offer investors an edge. For those with a high-risk tolerance and a focus on long-term horizons, the tech sector can offer compelling investment opportunities. What that being said, here are two blue-chip tech stocks to watch in the stock market today.

Tech Stocks To Buy [Or Avoid] Now

Apple (AAPL Stock)

Starting off, Apple Inc. (AAPL) is a global technology company. Apple focuses on a range of consumer electronics. This includes the iPhone, iPad, and MacBook, Apple has also made significant strides in software and services with offerings such as iOS, the App Store, and iCloud.

Earlier this month, Apple reported a beat on its Q4 2023 financial results. In detail, the tech giant notched in earnings of $1.46 per share, with revenue of $89.50 billion. For context, this is in comparison with analysts’ consensus estimates for the quarter which were an EPS of $1.39 on revenue of $84.69 billion.

Looking at the last five trading days, shares of Apple stock have advanced by 5.44%. While, during Monday’s mid-morning trading session, AAPL stock is trading green by 1.13% at $178.65 a share.

[Read More] Best Dow Jones Stocks To Buy Today? 2 In Focus

Amazon (AMZN Stock)

Next, Amazon.com, Inc. (AMZN) is one of the world’s largest e-commerce marketplaces. Alongside its vast retail operations, Amazon is a leader in cloud computing through its Amazon Web Services (AWS) division and has a growing presence in areas like artificial intelligence, streaming entertainment, and smart home products.

Late last month, Amazon announced better-than-expected third-quarter 2023 financial results. Diving right in, the company reported earnings of $0.85 per share, along with revenue of $143.08 billion for Q3 2023. This is compared to Wall Street’s consensus estimates, which were an EPS of $0.58 and revenue of $141.47 billion. Meanwhile, revenue advanced by 12.57% versus the same period, the previous year.

In the last five trading days, shares of AMZN stock have increased by 5.57%. While, during Monday’s mid-morning trading session, Amazon stock is trading higher by 1.19% on the day so far, at $140.25 a share.

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By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

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