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The Best Tech Stocks to Invest in Right Now

Tech stocks are a relatively new sector in the financial markets. Despite it being newer in the field than its fellow sectors, it is one of the fastest growing. Of course, it helps that technology is a revolutionary concept that is slowly making the whole world digital and the financial markets, lively.

A lot of people have already dabbled in tech stocks as they are seen as one of the most successful with how fast they grow. If you are a trader looking to adding a new stock to add to a portfolio, your search has ended. Tech stocks are the way to go.

Technology companies have a history of overnight success if it’s a big hit in the market. Say for example, Snapchat and Nintendo. However, it is also dangerous in the fact that the speed of its rise could be easily as fast as it falls. Big companies are, of course, also hot item. This includes Amazon (Nasdaq:AMZN), Apple Inc. (Nasdaq:AAPL), and eBay Inc. (Nasdaq:EBAY)

Today, what we recommend is for traders is to invest in tech stocks whose companies are innovative in using technology. Without further ado, here are the best stocks to invest in right now.

Paypal (PYPL)

Here is great example of using technology in a different way. Paypal’s business as a mobile payment industry is new and ingenious. This year, it boasts 184 million active accounts and 14 million merchants. It has continued to surge both in growth and profits in recent years with a cash flow of $605 million or 73% growth in Q1. The only way Paypal is going to sink if another company takes its crown as the internet's dominant payment system.

Expedia (EXPE)

The travel platform is one of your best bets. Research has shown that travelling is becoming a global phenomenon with people retiring and wanting to spend days away from work. The travel industry is expanding using social media as ads. Expedia is a great tech stock bet because it has been posting continuous revenue growth with a 40% increase recently.

Mobileye (MBLY)

Transportation is being revolutionized by technology everyday. One famous advancement is the development of self-driving cars. The future of the industry is understandably bright. And one company who has agreements with major automakers is Mobileye. The company is developing innovative solutions for transportation in partnership with big names in the car industry. This makes this tech stock one to look out for.

Tech stocks are a good addition to anyone’s portfolio because it is an industry with a guaranteed place in the future.

Created by : Chuck
Published : 11 Aug 2016

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