Search a ticker

Categories
Featured Investing Stock Market Today Stocks to Watch Tech Stocks

Which Stocks To Buy Now? 3 Tech Stocks To Know

Are these the best tech stocks to watch this week?

which stocks to buy now

It’s no surprise that tech stocks have had a rough year in the stock market so far. However, investors may still be searching for tech stocks to place on their watchlist. With the Federal Reserve’s most recent 75 basis point hike, some of the largest tech firms are arguably trading at attractive price levels. To highlight, tech stocks such as Meta Platforms Inc. (NASDAQ: META) and Nvidia (NASDAQ: NVDA) are currently down by 20% year-to-date. In turn, this could present an opportunity to investors looking to invest long-term into these mega-tech names.

Tech stocks are among the most volatile on the market, often experiencing sharp swings in value. This can make them both a risky and lucrative investment, and many investors tread carefully when it comes to tech stocks. However, there are also those who believe that tech stocks are a sound investment, particularly in the long term.

After all, the tech sector is one of the most innovative and rapidly-growing industries in the world, making it an attractive option for many investors. Whether or not to invest in tech stocks is ultimately a decision that each investor must make for themselves. But there’s no denying that tech stocks can be a high-risk, high-reward proposition. With that, here are three to watch in the stock market today.

Tech Stocks To Buy [Or Avoid] Right Now

Microsoft Corporation (MSFT Stock)

To start off this list, let’s turn our attention to Microsoft (MSFT). As a whole, most would be familiar with this tech giant and its broad offerings. From Microsoft’s wide selection of productivity and enterprise software solutions to its home computing offerings, this is obvious. With countless organizations depending on Microsoft’s services, some investors may debate that MSFT stock is trading at a discount right now. As the broader stock market attempts to rebound, investors across the board are keeping tabs on MSFT stock.

In. July, Microsoft (MSFT) announced its fourth quarter 2022 earnings. In detail, the tech company reported earnings per share of $2.23 on revenue of $51.9 billion. For context, the wall street consensus earnings estimate was $2.28 per share on revenue of $52.9 billion. Meaning, that Microsoft missed slightly on earnings and revenue estimates. Since the report, shares of MSFT stock are up 11% closing Monday, trading session at $280.32 per share.

“We see real opportunity to help every customer in every industry use digital technology to overcome today’s challenges and emerge stronger,” said Satya Nadella, chairman and chief executive officer of Microsoft. “No company is better positioned than Microsoft to help organizations deliver on their digital imperative – so they can do more with less.” Considering this, is now the time to buy MSFT stock?

Source: TD Ameritrade TOS

[Read More] Stock Market Today: Dow Jones, S&P 500 Rally; Nvidia Falls Following Revenue Warning 

Lemonade Inc. (LMND Stock)

Following that, let’s dive into Lemonade, Inc. (LMND). In short, Lemonade offers renters, homeowners, car, pet, and life insurance. In detail, their platform is powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. On Monday, Lemonde reported its second quarter 2022 financial results.

In the report, the insurtech posted a second-quarter loss of $1.10 per share on revenue of $50.0 million. Analysts estimated a loss of $1.36 per share on revenue of $49.9 million. Furthermore, revenue increased 77.3% on a year-over-year basis. The company said it expects third-quarter revenue of $63.0 million to $65.0 million and now projects full-year 2022 revenue of $236.0 million to $239.0 million.

Previously, The company reported guidance for 2022 revenue in a range of $205.0 million to $208.0 million. The current consensus revenue estimate is $59.57 million for the quarter ending, and revenue of $215.90 million for the year. Shares of LMND stock surged over 13% after hours on Monday to $28.55 per share. Now, does LMND deserve a spot on your watchlist?

Source: TD Ameritrade TOS

[Read More] 5 Top Dividend Stocks To Watch In A Bear Market

Roblox Corporation (RBLX Stock)

To round off this list, we have Roblox Corporation (RBLX). For the uninitiated, the company operates a human co-experience platform. Through its Roblox Platform, users can interact with one another to explore and develop, user-generated, and 3D experiences. Every day, millions of people leverage the platform along with their friends to enjoy immersive digital experiences. 

Roblox stock has rallied in the last month by over 27%. Shares of RBLX stock closed Monday’s trading session at $48.90 per share. On Tuesday after the market closes, Roblox Corporation will report the company’s second quarter 2022 financial results, along with key metrics for July 2022.

The company will also host a conference call on Wednesday, August 10, 2022, at 5:30 AM PT / 8:30 AM ET to answer questions about its financial results. Will you be watching RBLX ahead of earnings?

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 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.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments