2017 has been another great year for the stock market with technology stocks leading the charge. And right now, it doesn’t look like they are going to stop. TOOT TOOT! All aboard the technology stock train! Not sure of which technology stocks you should invest in? Here are some of our recommendations:
Amazon
AMZN 986.92 USD
Amazon boasts a 30.78% growth in the last year. The biggest online retailer is also one of the hottest technology stocks on the market at the moment. With Jeff Bezos at the helm, who recently became the richest man in the world for a short period, Amazon is sure to continue growing for the foreseeable future. Having just bought Whole Foods, and thus opened themselves up to the ‘physical store’ market, this company is one to watch. There is a good chance that, in 10 years from now, they’ll be the biggest retailer both online and physically. Amazon is known for having slim profits in the past but they have announced they are expecting huge returns in the year 2020. Be sure to get on board now so you can ride this bad boy all the way up the mountain.
Tesla
TSLA 347.09 USD
The electric motor vehicle, energy storage and solar panel manufacturing company is simply put the future. With exceptional leadership by the Tesla founder, Elon Musk, with a number of successful businesses under his name – PayPal, SolarCity, SpaceX, Tesla’s share price is sure to keep on heading up and into the future. With oil being a scarce resource and global conservation awareness rising, the world may one day only have electric vehicles. With Tesla leading the charge (excuse the pun) in the electric car market they are definitely one of the best technology stocks to invest in in 2017, while the share price is still cheap. Tesla is up 53.72% in the last year, be sure that before it gets any higher, you buy it.
Tencent
TCEHY 39.42 USD
While often a lot of focus is on the American technology market, a wise investor would turn their eyes globally. Tencent Holdings, one of the largest internet companies as well as gaming companies in the world, boasts a substantial range of holdings. These include League of Legends and WeChat – the largest standalone messaging app in monthly users. In May 2017, the company market share grew to USD$343 billion making it one of the top 10 most valuable companies in the world. With a 70.54% growth in the last year, and a brilliant future, this stock is one the best technology stocks to invest in 2017.
Apple
AAPL 155.57 USD
Whether you like iPhones or not, you can’t deny you don’t see every second person holding one. If that’s not enough to convince you to hold the stock then perhaps these numbers will. Up 47.06% in the last year, the company is showing significant growth. Ranked the number of most valuable companies in the world, USD$724, 773 billion, by market capitalisation, Apple is well on its way to be the first company valued at 1 trillion dollars. With their huge cash reserves (in excess of $256.8 billion) they could buy almost any company in the world. Hell, they have more cash than most countries. This has been on the best technology stock to buy for the last 10 years, make sure you don’t wait another year before you buy some Apple.
Facebook
FB 168.59 USD
If you’re like the other 2 billion users on Facebook then you probably log on at least once a day. Investment wisdom shows that if you love a product, if you use that product all the time, and if you see a lot of other people doing the same thing, you should buy the stock. With Mark Zuckerberg in charge and with their focus on virtual reality and artificial intelligence this stock is bound to go far higher. It’s already up 37.68% this last year!
Before buying any technology stocks, it’s always advisable to do some research. You can use sites like CMC Markets, to do some research, check out some charts and get technical (Or fundamental if that’s your thing). Always make sure you have an investment plan and never forget to place a stop loss. And there you have it, the 5 best technology stocks to invest in 2017.