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2 Trending Tech Stocks To Watch In June 2020

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Are These Tech Stocks On Your Watchlist?

Tech stocks grow when more technological advances are made. Tech stocks could apply to a large variety of different companies. That being said, tech stocks that focus on digital have been on the rise. Currently, online services are more relevant than ever in our lives. Especially while most are stuck at home due to the coronavirus pandemic.

As an example, tech companies with a focus on home use products have been on the rise. Things like TV’s, gaming consoles, and more are in high demand. Tech stocks who sell products like that have seen increases in share price. This has investors looking at tech companies press releases lately.

It’s unsure what will happen to these tech stocks when the economy reopens. What we do know is that many tech stocks are taking off due to the current world climate. Some tech stocks have even made a full recovery in the share price. Let’s take a look at two trending tech stocks making moves in the market.

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Top Tech Stock To Watch In June: Panasonic

The first tech stock to talk about is Panasonic Corporation (PCRFY stock report). Panasonic has been creating electronics since 1918. The company is now one of the largest Japanese electronics producers. Panasonic started a 3 year deal with Tesla (TSLA stock report) on June 16th. This deal is for Panasonic to manufacture and supply lithium-ion battery cells for Tesla. This will take place at Tesla’s Nevada Gigafactory. Evidently, PCRFY stock was affected by this new three-year partnership.

This deal caused PCRFY stock price to rise up. PCRFY stock was at $8.80 a share on average before the deal. Once the news was announced on June 16th, PCRFY stock price rose to $9.24 a share on average. This 5% increase in PCRFY stock made it clear that its deal with Tesla will be good for the company.

It was thought that the Tesla Panasonic partnership was coming to a close. This is due to Tesla producing some of its own batteries. This three year deal made it evident that it is not coming to a stop anytime soon. Good news regarding this deal with Tesla means PCRFY stock price going up.

[Read More] 2 New Automotive Stocks To Watch In 2020

Top Tech Stock To Watch In June: Oracle

The next trending tech stock on this list is Oracle Corporation (ORCL stock report). Oracle sells software, cloud systems, and more. As of 2019, it is the second-largest software company in the world by revenue. It is also the second-largest software company by market capitalization. Oracle was founded in 1977 and has made many advancements in the tech sector since its start. ORCL stock has almost made a full recovery in the share price.

ORCL stock fell like most other stocks when the market crashed in late February and early March. The company’s stock price was at $55 a share before everything came crashing down. But now ORCL stock is at $51.85 a share on average on June 17th, just a few dollars short of its former price. On June 16th ORCL stock price even reached $54 a share. It saw a small dip because of analysts being unsure about its financials. Still, ORCL stock seems to be going strong once again after the economic effects of the world.

What Now

We’ve seen how ORCL stock and PCRFY stock have moved upwards in the market. Tech stocks are volatile but if they have solid financials they will strive in the market. These two tech stocks are just an example of how many have been able to recover from the economic crash. With technology always advancing, it will be interesting to see where these tech stocks go from here.

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.

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