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Being in the digital age, there is no doubt that sky is the limit for the technology sector. With so many developments and advancements happening faster than you can read this sentence, it is no surprise that tech is the biggest buying opportunity on the market right now. In spite of hitting a few lows, the sector has seen many better and exceptional days.
While it is recommended to not put all your eggs in one basket you should own a smattering of the best tech stocks of 2018 for a robust portfolio. If you are looking to diversify your portfolio by exposing it to the technology sector, then read about the following top technology stocks that you can invest in 2018.
1. Tech Stocks of Micron Technology
Micron Technology doubled in 2017, yet their shares are still cheap and affordable. The revenue growth of this company has compounded by roughly 20 percent annually over the last five years, which is higher than 80 percent of tech companies that are worth over $2 billion. A high risk is associated with this company. However, for people who can tolerate the risk associated with this profile, this memory chip company is one of the best tech stocks to purchase in 2018.
2. InterActive Corp Tech Stock
InterActive Corp (IAC) is a leading media and internet company and have more than 150 brands and products. IAC is one of the best tech stocks to invest in since majority of its stakes are in two spun-off public companies namely, Match Group (MTCH) and ANGI Homeservices. These stocks itself are worth more than IAC, about $1 billion.
3. Intel Corp Tech Stocks
Many investors and analysts worried that Intel Corp would eventually reach its saturation point and begin its downfall. However, Intel turned around and has wisely diversified into exciting new growth areas. Intel is a smart stock investment and trades at 17 times earnings and pays a 2.4 percent dividend.
4. Tech Stocks by GOGO
Gogo is a Chicago based wireless company which hasn’t still reached the net worth of $1 billion. It is a small cap stock with high-risk and high-reward. This business offers in-flight connectivity and entertainment and in late 2017 signed a major contract with Hong Kong airline Cathay Pacific. Gogo’s growth and current insider buys to make it an attractive choice for investment.
5. Nvidia for smart tech stock investment
Nvidia Company supplies carmakers with artificial-intelligence technology, semiconductors and sensing technology. This company has dominated the market for a long time with powerful graphics-processing chips that can be used in computers and video game systems. Nvidia is a company to watch for and a smart tech stock investment.
6. Qualcomm Tech Stocks
Qualcomm is originally a chip making company, but are expanding into the auto industry as well. Along with its Snapdragon lineup of processors, Qualcomm’s auto industry could get a big lift too. Qualcomm earns hefty royalties from licensing their CDMA technology which is a vital component of wireless devices and mobile networks across the globe. Although they are trading at just 11 times earnings, the stocks are pretty affordable and possess a healthy 4.0% dividend making them one of the top tech stocks of 2018.
This tech company’s software can translate machine data into a visual form. This software has helped many businesses identify and analyze digital trends in real time and detect problems in industrial networks. Since Splunk is currently spending heavily to grow its business, profits still seem a little far away. However, as IoT expands, the scope of this company is tremendous making it a good company to invest in.
Another company that has joined the automobile competition is Cognex. This company makes machine-vision technologies such as lenses, cameras, and software for bar-code readers etc. Cognex recently acquired two 3D supervision companies in order to boost sales in logistics, automobile, and electronics industry. With its steady progress, investing in Cognex might just be a good option this year.
9. TechTarget’s Tech Stocks that are up by 142%
10. Turtle Beach
11. Tech Stocks of ShotSpotter
13. Facebook’s Tech Stocks
14. Alibaba Group Holding
15. Criteo SA CRTO
16. Top Tech Stocks by Box Inc
17. Top Tech Stocks: Apple
Tech stocks offer investors the best rewards. But, it can get difficult to stay on top of it all the time. Hence, if you are newbie when it comes to investing stocks, it is always advisable to check the growth rate and stability margin of the company. Also, before buying ensure that you conduct thorough research. This is because what iss soaring high today might be plunging tomorrow.
It is important to remember that the share market industry has a lot of risks due to which it is necessary to read about the company and monitor their performance to avoid losing your investments. Keep reading iTMunch for the latest finance news, blogs and updates.