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Best Stocks To Buy Now? 2 Tech Stocks In Focus

Should investors be watching these tech stocks today?

best stocks to buy now tech stocks

Tech stocks are one of the most important types of stocks in the stock market. Tech stocks are the stocks of companies that produce and sell technology products. This includes companies that make and sell computers, software, semiconductors, and telecommunications equipment. As a result, tech stocks make up a large portion of the stock market, and they are often some of the most volatile stocks.

This means that they can go up or down in value very quickly. Tech stocks are often seen as risky investments, but they can also be very profitable. Many people believe that technology is the future, and investing in tech stocks is a good way to get involved in this rapidly growing industry. If this has you keen on investing in the technology sector, here are two mega-cap tech stocks to watch in the stock market today.

Tech Stocks To Buy [Or Sell] Right Now

1. Alphabet (GOOGL Stock)

Leading off, Alphabet Inc. (GOOGL) is an American multinational conglomerate. In brief, Alphabet was created in 2015 as a restructuring of Google and several other subsidiaries. Alphabet Inc’s portfolio encompasses several industries, including life sciences, investment capital, researching energy production, health care, producing consumer electronics, working on the development of self-driving cars, and artificial intelligence. Notably, some of the more popular brands in Alphabet’s portfolio are names like Google, YouTube, Android, Nest, and Calico, among others.

GOOGL Recent Stock News

On Tuesday, Alphabet reported weaker-than-expected third-quarter 2022 financial results. In detail, the company posted Q3 2022 earnings of $1.06 per share and revenue of $69.1 billion. Meanwhile, Wall Street’s consensus estimates for the quarter were earnings of $1.25 per share and revenue of $71.0 billion. Though, Alphabet did report a 6.1% revenue increase compared to the same period, a year prior.

Sundar Pichai, CEO of Alphabet and Google, said: “We’re sharpening our focus on a clear set of product and business priorities. Product announcements we’ve made in just the past month alone have shown that very clearly, including significant improvements to both Search and Cloud, powered by AI, and new ways to monetize YouTube Shorts. We are focused on both investing responsibly for the long term and being responsive to the economic environment.”

GOOGL Stock Chart

After Wednesday’s opening bell, shares of GOOGL stock are trading lower by 7.57% at $96.57 a share.

Source: TD Ameritrade TOS

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

2. Microsoft (MSFT Stock)

Next, Microsoft Corporation (MSFT) is an American multinational technology company. For starters, it develops, manufactures, licenses supports, and sells computer software, consumer electronics, personal computers, and services. Moreover, its best-known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface tablet lineup.

MSFT Recent Stock News

On Tuesday, Microsoft reported its first-quarter 2023 financial results. Diving in, the company released stronger-than-expected earnings, though lowering its guidance. Specifically, Microsoft posted Q1 2023 earnings of $2.35 a share, with revenue of $50.1 billion. For context, this is versus the street’s consensus estimates for Q1 2023, which was earnings of $2.29 per share, with revenue of $50.1 billion. Furthermore, the tech giant notched in a 10.6% increase in revenue year-over-year, during the same time period.

Moreover, Satya Nadella, chairman and CEO of Microsoft. “In this environment, we’re focused on helping our customers do more with less, while investing in secular growth areas and managing our cost structure in a disciplined way.“

MSFT Stock Chart

Meanwhile, during Wednesday morning’s trading session, shares of Microsoft stock are down 7.09% at $232.95 a share.

Source: TD Ameritrade TOS

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By Brandon Michael

Brandon Michael is a financial specialist and financial contributor to the stock market. He enjoys writing about rising stocks and how the market changes over time. He specializes in multimedia and events, as well as social media management and media contributing. He has managed and marketed hundreds of events, as well as grown social media pages upwards of 200,000 followers and everything in between. As an active social media influencer in the car community, he understands how to recognize trends and curate content for niches. From an early age, Brandon was fascinated by the power of social media and how it built companies and careers for many. Over time he has developed many different strategies for different platforms on how to grow different kinds of pages. In addition to social media skills, he is passionate about events, it is second nature to him to promote them and make sure that everything is executing perfectly. This has allowed him to partner with some of the largest companies in the industry to run events for hundreds of thousands of people. Brandon has written many articles for many notable top websites for the last 3 years. His focus in his writing is generally rising stocks and emerging trends in the stock market, as well as bringing companies with market potential to the frontlines of the media. It is easy for him to identify trends and do extensive research to make sure he’s providing the most accurate research possible. In his free time, he continues to improve his research skills and financial knowledge to continue providing the best work possible.

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