Actions to watch this week? 5 consumer technology stocks in the spotlight

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Do you have these high tech mainstream stocks on your watchlist right now?

After August retail sales data was well above consensus estimates, consumer technology stocks could be back in action. For the most part, the widest stock Exchange could seek to seize power thanks to the uncertainty surrounding the current state of the economy. With consumer spending reaching unexpected levels, some investors may now turn to the trendy sector again. On the contrary, the industry is always poised to impress investors via a constant wave of expansions and movements.

For example, we could take a look at Ali Baba (NYSE: BABA) and Zoom (NASDAQ: ZM) at present. On the one hand, Alibaba now appears to be optimizing its operations in Southeast Asia. This is evident given that its Lazada ecommerce division is reportedly hiring a veteran of the Ant Group to lead its payments team. In addition, Alibaba is also consolidating its community group purchasing services under a new brand, Taocaicai. On the other hand, Zoom brings a host of new features to its teleconferencing platform. This includes live translation, whiteboard sharing, and even integrations with Facebook (NASDAQ: FB) among others. All in all, could this make these tops consumer actions to watch on the stock market today?

Best consumer tech stocks to buy [Or Sell] Today

Pinterest Inc.

Pinterest is an image sharing and social media service that encourages its users to save and discover information on the Internet through pictures, animated GIFs and videos. The company is headquartered in San Francisco and has more than 450 million monthly active users worldwide. It recently announced its Idea Pin product tagging feature which will allow creators to create inspirational and purchasable content.

At the end of July, the company released its second quarter financial results. Notably, its revenue for the quarter increased 125% year-over-year to $ 613 million. In addition, it posted GAAP net income of $ 69 million for the quarter, while Adjusted EBITDA was $ 178 million. Pinterest notes that this quarter’s results reflect both the strength of its business and the recent shift in consumer behavior it has seen as people are spending less time at home.

However, it continues to build for its long term as it transforms from a place to browse, safeguard and organize into a community that inspires people to share their passions and expertise. All things considered, will you buy PINS shares?


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Roblox Company

then, we have Roblox Company, a consumer tech company focused on video game development. Essentially, the company is powered by a global community of millions of developers who produce their own immersive multiplayer experience using Roblox Studio. Roblox Studio is an intuitive desktop design tool. The company is ranked among the best online entertainment platforms for audiences under the age of 18 and its popularity is due to its community of users and developers.

video game stocks (RBLX stock)

Last month, the company also released its second quarter financial results. First, revenue for the quarter was $ 454.1 million, up 127% year-on-year. This is due to a 35% increase in bookings over the previous year, to $ 665.5 million. Second, Roblox reported an average daily active user (DAU) of 43.2 million, a 29% increase year over year.

Last week, Roblox released its key metrics for August 2021. It saw the SAD continue to rise to 48.2 million for the month. Given this exciting news, will you consider RBLX stock to be one of the best mainstream tech stocks to look out for?

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Carré inc.

Square is a financial services and digital payments company headquartered in California. In fact, the business is a cohesive commerce ecosystem that helps its users start, manage and grow their businesses. It combines sophisticated software with affordable hardware to enable sellers to transform mobile and computing devices into powerful payment and point-of-sale solutions. SQ’s stock has grown over 70% in the past year alone.

fintech shares to buy (SQ share)

On Thursday, the company announced an early access program in Spain. The service offers exclusive access to an integrated set of omnichannel tools that make it easier for businesses and freelancers to sell and deliver their services in-store and online.

Square’s executive director for Europe, Jason Lalor, said. “We are excited to begin partnering with the rich Spanish business community to refine and improve our products ahead of official launch, making sure to deliver the solutions Spanish businesses need to thrive, both in person and online. .“With that in mind, will you view SQ stock as a buy?

Advanced Micro Devices Inc.

Subsequently, we will examine Advanced micro-systems, or as it is often called, AMD. For the uninitiated, AMD is now a leading name in the global semiconductor industry. The company specializes in the development and marketing of computer processors. Notably, AMD’s processors are currently among the best in consumer markets. As it stands, AMD stock has gained over 150% from its pandemic low, could it be worth buying now?

best tech stocks to buy (AMD stock)

Well, on the one hand, the company could benefit in the long run from the global semiconductor chip shortage. This would be the case as the demand for devices containing their goods continues to skyrocket today. Clearly, AMD saw green across the board in its last quarterly earnings report in July.

In it, the company posted massive year-over-year gains of over 346% in both net earnings and earnings per share. Additionally, AMD is expected to close its $ 35 billion acquisition of fellow chipmaker Xilinx later this year. Would it be worth buying AMD stock for you?

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Apple Inc.

Last but not least, we have Apple. Arguably, few can boast of having such an influential consumer tech portfolio as Apple’s today. This would be the case with its advanced technological devices. These make up the entire business ecosystem, ranging from smartphones and laptops to televisions and smartwatches. In fact, Apple just launched its next-generation smartphone, the iPhone 13 earlier this week. With the latest release of the company’s fall product, investors could now keep a close watch on AAPL stocks.

best technology stocks (AAPL stocks)

With the company’s shares trading mostly sideways over the past month, should investors jump on it? For the most part, the current movement in AAPL stocks would be confusing to some.

Despite the launch of its latest tech offerings, concerns about Apple’s global supply chain continue to weigh on the company’s shares. Either way, Krish Sankar, senior research analyst at Cowen (NASDAQ: CITY) believes that Apple can “weather on [supply chain] storm”Better than most device manufacturers. Having said that, will you be adding AAPL stocks to your portfolio?

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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