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Purchase good shares now? four tech shares so as to add to your watchlist

June
23, 2021

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This story originally appeared on StockMarket

Are These the Best Tech Stocks to Buy Before July 2021?

As most investors know, tech stocks haven't had their best year on the stock market in 2021. Pairing the current focus on possible rate hikes and reopening trading would make sense. However, some may find opportunities in the current weakness. After all, tech is one of, if not the most diverse, industries out there. If you can name an industry, the chances are that in most cases the technology is involved in some way. For this reason, it wouldn't surprise me if investors are eager to buy top tech stocks as they break into the air.

For example, consider the world of consumer finance. Despite the current state of the world, most people would still have to manage and manage their finances. This is where fintech companies come into play. In the current digital age, companies like Upstart (NASDAQ: UPST) and Paysafe (NYSE: PSFE) provide essential services to consumers. On the one hand, Upstart's online lending platform would provide a convenient way of doing credit checks for potential lenders. On the other hand, Paysafe's digital payment solutions would facilitate the general acceptance of contactless transactions.

By and large, this is just one example of the growing need and importance of technology in our world today. Notable trends in the industry now range from cybersecurity stocks to new frontiers like quantum computing stocks. As you can see, there is a lot of movement in the tech world today, regardless of stock performance. With that in mind, here are four tech stocks to watch out for on the stock market today.

Top Tech Stocks to Buy (or Sell) This Week

CrowdStrike Holdings Inc.

CrowdStrike is a cybersecurity company based in California. Essentially, the company offers cloud workload and endpoint security along with threat intelligence and cyber attack response services. In particular, the Falcon platform protects customers from cyber attacks on endpoints inside or outside the network by providing protection and transparency across the company. CRWD stock is currently trading at $ 256.61 as of Tuesday's close of trading.

Investors appear to be reacting today to news that investment firm Stifel has upgraded CrowdStrike to a buy rating, saying cybersecurity stock can rise more than 25%. Stifel analyst Brad Reback says the company's rapid growth shows no signs of slowing for the foreseeable future and could result in a significant uptrend for its stock.

The analyst also raised the price target on CRWD stock from $ 240 to $ 300 per share. Stifel also sees new customer acquisition as an important runway. After all, the company could still have more than 100,000 subscription customers over time. Given the excitement surrounding the company, are you considering buying CRWD stock?

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FuboTV Inc.

Fubo is a sports first live TV streaming service that offers premium content, interactivity and integrated betting. The company is focused on its breakthrough streaming platform that can outperform the industry's current virtual MVPD model. This is done through the use of its proprietary data and technology platform. Something similar is optimized for live TV and sports viewers. FUBO stock is currently trading at $ 31.72 and is up over 200% over the past year.

best streaming stocks (FUBO stock)

Today, the company announced that it will join the broader Russell 3000 Index after the Russell Indexes are recompiled annually in 2021. This will take effect after the US market opens on June 28th, according to a tentative list of supplements released on June 4th.

"We are delighted with the interest that fuboTV has received from the investor community in such a short time after our listing on the New York Stock Exchange last October," said David Gandler, co-founder and CEO of fuboTV. "The inclusion of fuboTV in the Russell 3000® Index is an important milestone for the company as we continue to focus on defining a new category of interactive television while generating significant shareholder value." All in all, you will Add FUBO Stock to Your List of Top Tech Stocks to Buy?

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International Business Machines Corporation

IBM is a multinational technology company headquartered in New York. The company operates in over 170 countries. She believes her approach starts with a smart workflow to be successful in digital transformation. It does this by combining employee expertise and data with powerful technologies to help companies be more predictive, automated, agile and transparent.

Top Tech Stocks To Watch Out For (IBM Stock)

Last week, the company presented the first quantum computer in Germany that is capable of making the laws of physics and computing work. This would help fuel the country's efforts to stay in the race for a key technology of the future. It will also provide fuel for economic growth as we live in this digitized age.

In April, the company also reported excellent financial results for the first quarter. In it, IBM posted sales of $ 17.7 billion, with total cloud sales accounting for a large portion of that sales at $ 6.5 billion. The company said the strong performance in the cloud was driven by increasing customer adoption of its hybrid cloud platform and growth in software and consulting. With this in mind, is IBM stock a buy?

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Microsoft Corporation

At the top of our list today is Microsoft Corporation. Now it goes without saying that the company would be a household name. Given its industry leading Windows computer operating system and wide range of consumer electronics, it would. During the pandemic, many consumers have and have relied heavily on Microsoft's software and hardware offerings. Therefore, it would make sense for tech investors to keep an eye on MSFT stocks. Now, the company's shares will trade at $ 265.51 per share as of Tuesday's closing bell.

best tech stocks (MSFT stock)

Obviously, Microsoft is still riding on a pandemic tailwind. For starters, the company plans to unveil its next-generation Windows 11 update later this week. This happens just two weeks after other tech giant Apple (NASDAQ: AAPL) unveiled its upcoming iOS 15 operating system. According to Microsoft, the latest version of Windows will bring "significant changes" with it.

That said, internet security firm Cloudflare (NYSE: NET) announced new integrations with Microsoft Azure earlier today. Ideally, this would create further incentives for using its cloud computing services. Overall, Microsoft seems to be in full swing this week. Would MSFT stock be worth investing in now?

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