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Purchase greatest shares now? 5 Tech Shares on show

Can
20, 2021

6 min read

This story originally appeared on StockMarket

Top Tech Stocks You Should Buy On The Stock Exchange Today

Today's modern world is the result of decades of technological innovation. Even so, technology stocks are often viewed as investments that you can't go wrong with. After all, the sector brought massive returns for investors when trends in remote working and staying at home came into play at the start of the pandemic.

In recent months, however, this trend has been reversed as fluctuations in inflation triggered a large sell-off. You may be wondering what inflation is doing to stock prices. For the unknown, higher inflation is usually viewed as negative for stocks as it increases the cost of borrowing, which many emerging tech stocks rely on to fuel their growth. It's also worth noting that many investors are now switching from growth stocks to reopening games on the stock market.

Now tech stocks seem to be having another disappointing day and selling off into the first half of the week. With the recent decline in tech, I would be lying if I said I wasn't tempted to take a few steps in the stock market today. However, it is also important to know the business that you are buying when making any investment decision in the stock market. With a little research and a long-term mindset, this could increase your chances of success. Let's take a look at 5 top tech stocks that are making waves right now.

Top Tech Stocks to Buy (or Sell) Right Now

Huya

HUYA is a leading live streaming platform for games in China. And if your into esports, HUYA stock could be one of the best stocks to buy in the market. With the company operating in a fast-growing economy in an emerging sector, it is not surprising why investors are bullish on Huya. The company also operates a game streaming platform in Southeast Asia and Latin America. While 2020 was a challenging year for most companies, Huya ended 2020 with sales growth of 21%. The company's latest earnings in the first quarter show that it is still based on these dynamics.

For the first quarter, total net sales increased 8% to $ 397.6 million. Live streaming revenue increased 5.2% to $ 365.1 million, driven by higher average spend per paying user for Huya Live. Despite solid financial results, investors appear to have concerns about a possible merger with DouYu (NASDAQ: DOYU).

The recent weakness in HUYA stock could be due to Chinese regulators potentially blocking the merger. But the good thing is that the merger deal could still take place. While some may want to stay outside until the dust settles, there will be some who will take a chance today with the attractive entry point in the stock market. But if you had to invest today, would HUYA stock be worth the risk?

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Baidu

Baidu is a multinational technology company specializing in internet-related services and artificial intelligence. The search engine giant is often referred to as China's Google (NASDAQ: togetL). The Chinese search engine reported its first quarter earnings on Tuesday, beating analysts' estimates.

best tech stocks to buy (BIDU stock)

Revenue grew 25% quarterly to $ 4.3 billion. Net income increased 39% to $ 656 million. Additionally, online marketing revenue increased 27% to $ 2.48 billion and non-advertising revenue increased 70% year over year to $ 646 million.

Baidu attributed its success in the first quarter to continued pressure on technology boundaries. CEO Robin Li said, “We are excited to bring innovation to many sectors through our decades of investment in AI, including Marketing Cloud, Enterprise Cloud, Smart Transportation, Autonomous Driving, Smart Assistant and (Artificial Intelligence or AI) Chip. "Will you put BIDU stock on your watchlist as the company continues to benefit from the adoption of cutting-edge technology?

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Grab it

Snap is known among millennials for its popular Snapchat camera app. In short, people can communicate through short videos and pictures through the camera application. With a steadily growing user base, the SNAP share price rose over 200% over the past year.

Top tech stocks to watch (SNAP stock)

At the end of April, the company posted a remarkable first quarter result. Revenue grew 66% year over year to $ 770 million and Daily Active Users (DAUs) increased 22% to $ 280 million. This would be the company's highest growth rate in either division over three years during the quarter.

The company has an optimistic outlook for the second quarter of 2021. Revenue is estimated at $ 820 million to $ 840 million, an increase of at least 80% year over year. DAUs have grown sequentially across all of their markets and on both iOS and Android platforms. The company's camera and augmented reality (AR) platforms ensure that users are seeing over 40% year-over-year growth. Given that impressive performance, would you invest in SNAP stocks today?

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AT & T.

AT&T is a multinational conglomerate holding. It is one of the world's largest telecommunications companies and at the same time the parent company of the mass media conglomerate WarnerMedia.

Buy communication shares (T-Share)

This makes the company essentially one of the top-selling media and entertainment companies in the world. Over the weekend, the company announced that Warner Media and Discovery (NASDAQ: DISCA) would be merging to become one of the largest global streaming players in the industry.

As part of this merger, the telecommunications company would receive $ 43 billion in a combination of cash and debt. Plus, that connection could potentially create a new streaming giant that would have a better chance against Walt Disney (NYSE: DIS) and Netflix (NASDAQ: NFLX). For AT&T, however, the transaction would allow it to focus exclusively on the most important growth areas such as 5G and fiber optic broadband. All in all, would you buy T shares?

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Applied materials

Applied Materials (AMAT) is a company that supplies equipment, services and software for the semiconductor industry. Despite the ongoing global semiconductor chip scarcity, general investor sentiment towards companies like Applied Materials appears to be positive. In the first quarter of fiscal year sales increased 24% to $ 5.2 billion. The company will announce its results for the second quarter of its fiscal year on May 20th.

Best Tech Shares (AMAT Shares)

The business outlook remains good as semiconductor giants such as Intel (NASDAQ: INTC), Samsung (OTCMKTS: SSLNF), and Taiwan Semiconductor Manufacturing Company (NYSE: TSM) have committed to significantly expanding their foundry capacity in the coming years.

As the lockdowns will be lifted and production capacities will return to pre-pandemic levels, Applied Materials is faced with additional sales and margin growth in the medium term. Given that demand is getting back on track, would now be a good time to bet on AMAT shares tomorrow, ahead of the second quarter earnings?

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