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Top Stocks To Buy Now? 2 Tech Stocks For Your List

Are these top tech stocks on your radar right now?

Technology has been one of the driving forces behind the growth of the global economy in recent years. The tech sector has been at the forefront of this trend. From the rise of cloud computing to the proliferation of smartphones, technology companies have been leading the way in developing innovative solutions that are changing the way we live and work. As a result, the tech sector has become one of the largest and most important industries in the stock market.

As a result, tech stocks have been some of the most sought-after investments in recent years. This comes as investors seek to capitalize on the growth potential of technology companies. With many tech firms enjoying strong financials, high-profit margins, and robust revenue growth, they have been viewed as a source of steady returns and long-term value. Despite their high valuations, many investors continue to pour money into the tech sector. This is because some investors believe that these companies will continue to lead the way in developing the technologies that will shape the future.

In summary, technology and tech stocks have become key drivers of growth in the stock market today. While attracting significant investment capital and attention from investors around the world. Whether you’re an individual investor or a financial institution, the tech sector is likely to play an increasingly important role in your portfolio in the years to come. Given this information, here are two tech stocks to watch in the stock market right now.

Tech Stocks To Invest In [Or Avoid] Right Now

Uber Technologies (UBER Stock)

First up, Uber Technologies Inc. (UBER) is a multinational transportation network company. To start, the company offers a broad range of ride-hailing and food-delivery services through its mobile app. In addition to its ride-hailing services, the company is also working on developing new technologies such as autonomous vehicles.

In recent news, today, Wednesday, Uber reported its 4th quarter and full-year 2022 financial results. Getting right to it, the company reported Q4 2022 earnings of $0.29 per share and revenue for the quarter of $8.6 billion. This came in better than analysts’ consensus estimates which were a loss of $0.21 per share, with revenue estimates of $8.5 billion for Q4 2022. Additionally, the company posted a 49% increase in revenue versus the same period, the previous year.

In 2023 thus far, Uber Technologies’ stock has surged by 37.46% year-to-date. With that, during Wednesday’s mid-morning trading session, shares of UBER stock are trading flat on the day so far at $34.85 a share.

Source: TD Ameritrade TOS

[Read More] 3 E-Commerce Stocks To Watch In February 2023

Microsoft Corporation (MSFT Stock)

Second, Microsoft Corporation (MSFT) is a tech giant that develops, licenses, and sells computer software, consumer electronics, and personal computers and services. Its most well-known products include the Windows operating system, the Microsoft Office Suite, and the Xbox gaming console. The company is also involved in cloud computing, artificial intelligence, and virtual reality, among other cutting-edge technologies.

In January, Microsoft reported its 2nd quarter 2023 financial results. Diving in, The tech giant reported Q2 2023 earnings per share of $2.32 and total revenue of $52.7 billion. This surpassed analysts’ predictions for the quarter, which were earnings of $2.27 per share. What’s more, the company also notched in revenue growth of 2% on a year-over-year basis.

Over the last month of trading action, shares of Microsoft stock have rebounded by 19.26%. While, during Wednesday’s mid-morning trading session, shares of MSFT stock are trading higher on the day so far by 1.56% at $271.73 a share.

Source: TD Ameritrade TOS

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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