Top 10 Tech Stocks To Watch in 2021
From work at home technology to e-commerce stocks, the technology sector has been hotter than ever this year. The online trend, as well as a move to cashless payment systems will mean another year of growth for this sector in 2021.
Tech encompasses a large variety of companies and we have selected the top 10 tech stocks to watch in 2021. These picks are selected from top picks from trusted experts on Marketcall. The following stocks cover everything from e-commerce, AI, software, social media as well as chips and cloud based services.
Here are the top 10 tech stocks to watch in 2021:
AI is incredible opportunity that will be beneficial to company. AI very expensive business to get into and company has incredible advantages in this field. Good company to buy.
Cloud computing business valuable however, retail business doesn't excite (capital intensive). Current valuation makes company hard to justify investment. 30x P/E ratio would be a better valuation to buy at.
They report Thursday and it could be anti-climatic this time. Why? For the first time in ages, Apple stock will be coming in high during a report. Own, don't trade it. Also boasts superior technology.
(A Top Pick Oct 22/20, Up 24%) Undisputed e-commerce and fintech leader in Latin America. He let it go in January at $1950. Buy it here around $1600, add at 1500 and 1400. 12-month price target of $2108. A trading stock.
They report Tuesday after the close. With Shopify down today. People are saying that online shopping and business is done. That's not true. We need to hear about continued growth in Azure cloud.
Exited position two months ago. Feels it has run its course and doesn't think anyone has missed out on the story anymore. He is looking for the next idea.
8.-Constellation Software Inc. (CSU-T)
Largest position and believes company is very well run. Predictable business with very good capital allocation record. Founder led company. Financial metrics very strong (return on equity, cash flow). Good time to buy with recent selloff.
9.-StoneCo Ltd. (STNE-Q)
It's one part bank, one part Shopify in Brazil, but it's been hammered 90% because of Covid in South America. Question: Did they issue loans they shouldn't have? Will their shopping component be as robust as expected? Revenue growth looks solid. Take a close look at it and follow its fundamentals for a few quarters.…
10.-Alibaba Group Holding (BABA-N)
China's president is doing the smart thing by walking away and letting the Chinese stocks rise, but then he will hammer these stocks again. His advice: scale up.