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5 Tech Shares To Watch For Earlier than July 2021

June
25, 2021

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This story originally appeared on StockMarket

5 tech stocks for your watchlist now

As we near the end of June, tech stocks appear to be making a comeback in the stock market today. Understandably, given the somewhat mixed economic data, some would consider buying tech stocks on the downside. After all, most of the fastest growing stocks of 2020 are part of the tech industry. Despite their long-term growth potential, many are lagging the broader market in terms of year-to-date earnings. With all of this in mind, I could see investors now returning to the tech industry.

Plus, the world of technology continues regardless of stock performance this year. Today, Microsoft (NASDAQ: MSFT) is expected to unveil the next version of its industry-leading Windows Operating System (OS). Notably, Windows 11 would represent the latest update to the company's operating system in over six years.

At the same time, even institutional investors are looking to cybersecurity companies like CrowdStrike Holdings (NYSE: CrowdStrike Holdings). According to Brad Reback, an analyst for Stifel (NYSE: SF), CrowdStrike has "significant runways remaining" as demand for its services increases. Reback recently hit CRWD stock with a "Buy" rating and a price target of $ 300. It remains to be seen whether the current recovery in technology continues. Still, should you be trying to replenish your portfolio with some cheaper tech names, here are five you should know about in the stock market now.

The Best Tech Stocks To Watch For Now

Accenture Plc

Accenture is a global services company with leading capabilities in digital, cloud and security. The leading technology consultant has unmatched experience and specialized skills in more than 40 industries. It has more than 550,000 employees operating in over 120 countries. ACN stock is currently trading at $ 291.56 with the closing bell on Thursday. The company today released its financial results for the third quarter of fiscal 2021, which ended May 31, 2021.

In it, the company achieved total sales of $ 13.3 billion, an increase of 21% over the previous year. The North American market led the way with $ 6.2 billion. The company also posted earnings per share of $ 2.40 for the quarter, an increase of 26%. In addition, the company continues to experience strong growth in its technology, strategy, and consulting and operations segments. Accenture also announced a quarterly cash dividend of $ 0.88 per share. Are you considering buying ACN stock for these reasons?

Source: TD Ameritrade TOS

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Luminar Technologies Inc.

Luminar is a technology company focused on sensors and software for autonomous vehicles. It strives to provide the only lidar and associated software that meet the industry's stringent requirements for performance, safety, and economy. LAZR stock is currently trading at $ 23.95 at the end of Thursday's trading session. Investors appear to be cheering the news the company released today.

In detail, the company announced that it will be the standard on Volvo Cars’s upcoming all-electric flagships and will help the automaker save even more lives as it sets a new benchmark for automotive safety. The all-electric successor to the Volvo XC90, which will be unveiled in 2022, now comes with state-of-the-art lidar hardware with Luminars Iris and the perception of its Sentinel solution. Luminar says that with this announcement, it is a significant win in establishing the next era of security technology. All in all, are you going to add LAZR stocks to your portfolio?

best tech stocks (LAZR stock)Source: TD Ameritrade TOS

Semrush Holdings Inc.

Semrush is a leading SaaS platform for online visibility management. It enables companies to identify and reach the right target group. The company helps companies around the world run search engine optimization, content, social media, and competitive research campaigns. It also provides insights and solutions for businesses to build and manage their brands across different marketing channels. SEMR stock currently trades at $ 24.96 at 11:18 a.m. ET and is up over 60% over the past month.

Last week the company announced that it had released an important update to its backlinks database and backlinks analysis tool for digital marketers. In short, backlinks are a key component used by search engine algorithms to decide whether a website is trustworthy and to rank search results based on it. In May, the company also announced the release of Keyword Wizard, a new tool within the Sellzone Toolkit, a comprehensive toolkit for Amazon sellers. The current size of the Keyword Wizard Tool database is over 200 million keywords to help sellers identify keywords that can make their listings more profitable. With that in mind, is SEMR stock a top tech stock to consider?

best tech stocks (SEMR stock)Source: TD Ameritrade TOS

(Continue reading) The Best Dividend Stocks To Buy Today? 3 To see before July 2021

Visa Inc.

Then we take a look at the fintech giant Visa. The California-based financial services company primarily facilitates electronic money transfer. This is done worldwide using its Visa branded credit, debit and prepaid cards. According to the company, its global processing network processes over 65,000 transactional messages per second. Because of this, Visa can offer secure and reliable payment solutions to its customers around the world. In addition, the company is also expanding into the crypto space, accepting USD coins in transactions. As it stands, V share is currently trading at $ 236.24.

Given the importance of the financial industry in our world today, Visa services would likely remain viable. Despite all of this, the company now seems to be in full swing. Obviously, Visa announced today that it will take over the European open banking platform Tink. In short, Tink's platform enables financial services providers to develop the appropriate tools and products to serve European consumers. The $ 2.14 billion deal will significantly expand Visa’s addressable market in the region, to say the least. Given all of this, would V-Share be a top buy for you now?

best tech stocks (V-share)Source: TD Ameritrade TOS

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Amazon is a company that needs no introduction. Given its vast e-commerce empire and leading cloud computing division, most should be familiar with the company. In addition, Amazon is also involved in digital streaming, artificial intelligence, and even healthcare. Now, AMZN's stock is trading at $ 3,449.08 per share on Thursday's closing bell. Could the current upward trend in technology be worth investing in?

Well, if anything, it seems like a busy week for Amazon for sure. For starters, the company just held its members-only mega-sale on Prime Day this week. According to Adobe (NASDAQ: ADBE) Analytics, consumer spend on the first day of the event could be well above the $ 5.6 billion mark. If so, it would be the most daily online sales in the US this year. At the same time, Amazon Web Services recently expanded and deepened its current partnership with Salesforce (NYSE: CRM). This would mean the introduction of further integrations between the platforms of both companies. Would you say that all of this gives AMZN shares more leeway for the future?

Tech shares (AMZN share)Source: TD Ameritrade TOS

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