5 Tech Stocks To Purchase This Year
The world of technology has grown far more than any human being could have possibly imagined 50 years ago. It’s growing at an alarming rate and the future is going to be technology-driven… technology that we humans rely on, more and more each passing moment. It makes sense that, with this rapid progress, technology should be an area of investment you want to take into consideration. Just imagine if you’d invested in Apple or Microsoft when they were just starting out! You could’ve easily become a billionaire. Fortunately, it’s never too late and up and coming companies showing promise are there; you just need to know where to look.
These are 5 tech stocks you might want to purchase for 2019.
Atlassian is a software development company that has been making waves in the tech industry. Their issue tracking application is one of the best in the world and has made them one interesting stock option to consider for this year. The company’s growth is phenomenal, with over 35% revenue expansion for this year and over 20% projected for the next one. So it’s definitely one of the star players on the scene now.
Unless you’ve been living under a rock for the past twenty years or so, you’ve most probably heard of Alibaba. The Chinese tech giants are rivals to one of the world’s most successful and powerful companies, Amazon. Alibaba’s numbers have been rapidly improving over the years, and the baba stock price is only going up. Trading experts project that their stock value will increase by over 50% for 2019, which makes it a top candidate for anyone willing to invest in the tech industry this year. Their diversified services ensure a wide clientele base that makes this quite a promising investment option.
Another Chinese company, Sina Corp is a giant tech corporation with interests in internet and mobile services. Financial experts expect Sina Corp to have a growth rate that might even exceed that of Alibaba for this year, because it’s undervalued and many investors constantly overlook this particular stock.
InterActiveCorp (IAC) is an American tech giant with over 150 brands under their umbrella in over 100 different countries! The company basically helps up and rising players in the digital business world and guides them till they make it all the way to the top. As a result of such a diversified portfolio, IAC had excellent success in 2018 for its stocks, and the numbers are even expected to be better for 2019.
Chances are you’ve never heard of Vuzix. The company isn’t what you might call a unicorn in the world of business, but it definitely has potential to become so. The company interests are focused on virtual and augmented reality technologies, which have been gaining much popularity recently. This and the fact that their stocks are quite cheap make it quite a strong candidate, because it’s very possible the stock value will boom all of a sudden.
These 5 tech stocks are all excellent options if you’re looking to invest some money in the stock market this year. But before you do that, you need to do your homework. Whether it’s researching the history of each company or asking an expert for advice, try to play it safe when it comes to investing your money. The stock market isn’t exactly a sure thing, but when it does roll, you’re in for something quite big.