If it isn’t already here, then hints about a technology boom are cropping up everywhere. The S&P 500 remains led by tech stocks, more people and companies are investing in cloud systems, social networks take up half the time spent online, and our need for everything to be bigger, better and faster compels every person and business out there to be as tech savvy as possible.
There is no denying the machine-driven and connected world people wish to build. Those who can enable that future receive our devoted investment and favor. A glance in any direction reveals the work of connected devices making smarter homes, cars, workplaces and so much else. They are all crammed with system networks interacting for our benefit. It is also clear that their innovation won’t slow anytime soon. Indeed, big tech is proving to be investors’ gold. Luckily for us, there’s a tip or two on how to get in on the rush.
Win off winning tech stocks
The adoption of tech stocks is on the rise and propels companies which promise to bring future technology to the market today. Investors are eager to capitalize on evolving tech. That means the best innovators of cloud IaaS, IoT, social networks and processor technologies grow more desirable by the day. Consider the shares of Amazon, Alphabet, Facebook and Microsoft. Favor has no shortfall for those companies, and that’s just a glimpse of the booming tech market. Here are a few others:
American Tower (AMT), Amphenol Corporation (APH) and TE Connectivity (TEL)
There are numerous affordable and high-performing stocks that investors ought to consider right now. They keep a steady uptrend despite not being as sought out as Facebook or Microsoft. Their lower prices also make them discounted investments. AMT, APH and TEL are a sure win for budding investors on the prowl for affordable, surging stocks. That is the opinion of leading analysts too, including Barron’s, which endorses all three companies.
American Tower designs, distributes and manages communication infrastructure. The company stands to see a huge increase in data traffic too. AMT is up 22 percent year to-date. Another surging stock in the pocket-friendly market is Amphenol Corporation. The firm is made popular by its expertise in fiber optics and cable TV connectors. APH is also a leading provider of electronic communication devices on for the transportation and aerospace industry. The company has risen 25 percent over the last year. TE Connectivity is one of the budding tech stocks which people need to recognize. The company majors in sensor and connectivity production and has climbed some 30 percent during the last 12 months.
There are also behemoths in tech sector that don’t get as much attention as mainstream stocks. General Electric Company (GE), Rio Tinto (RIO) and Philadelphia Semiconductor Index (SOX) are but a few of them. The latter is “a widely followed barometer of the chip sector” according to Investopedia’s Robert Gray. The current year sees SOX battling to keep up with the S&P 500, yet the last 12 months show a 60 percent climb in value. It is a great chance to grab the stock at reduced price as much of Wall Street expects SOX to surge.
Chip stocks should also be kept close in general. The ones to note, according to Gray and Barrons, are Texas Instruments Inc. (TXN), Microchip Technology (MCHP), and Xilinx (XLXN). These are pegged to benefit hugely from the rising adoption of cloud technology, smart devices, homes and cars.
As said earlier, the S&P 500 is lead by tech stocks, particularly FANG stocks (Facebook, Amazon, Netflix and Google (Alphabet)). Technology sectors are among the globes fastest growing this year. They are every investors safest bet too, as innovation and investment show no sign of slowing.