Top Stocks To Buy Now? 3 Tech Stocks To Watch This Week

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Tech shares are shares of publicly traded corporations which might be concerned within the know-how sector. They will be present in a spread of industries, together with software program, semiconductors, the web, e-commerce, and laptop {hardware}. Tech stocks have usually outperformed the broader market in recent times, as the worldwide financial system has change into more and more digital.

However, they may also be extra risky than different sorts of stock, as they’re usually pushed by shopper demand and will be affected by adjustments in know-how. As a outcome, traders have to rigorously take into account their particular person danger urge for food earlier than investing in tech shares. With that in thoughts, listed below are three prime tech shares to look at within the stock market this week.

Tech Stocks To Buy [Or Sell] Right Now

1. Microsoft (MSFT Stock)

Kicking us off, Microsoft Corporation (MSFT) is a tech firm that develops and sells laptop software program, shopper electronics, private computer systems, and companies. Its best-known software program merchandise are the Microsoft Windows line of working techniques, the Microsoft Office suite of productiveness software program, the Xbox line of gaming consoles, and the Internet Explorer net browser.

MSFT Recent Stock News

In latest information, final month, Microsoft introduced its 1st quarter 2023 monetary and working outcomes. In the report, the corporate introduced a Q1 2023 EPS of $2.35, together with income of $50.1 billion. Meanwhile, Wall Street’s consensus estimate for the primary quarter of 2023, was earnings of $2.29 per share, and income of $50.1 billion. Moreover, the patron tech behemoth additionally reported a ten.6% enhance in income on a year-over-year foundation.

Amy Hood, government vp and CFO of Microsoft commented, “This quarter Microsoft Cloud income was $25.7 billion, up 24% (up 31% in fixed currency) year-over-year. We proceed to see wholesome demand throughout our industrial companies together with one other quarter of strong bookings as we ship compelling worth for patrons.

MSFT Stock Chart

Looking on the final 5 buying and selling days, shares of Microsoft stock have began to get better by 11.32% as of Friday’s closing bell. Meanwhile, MSFT stock is ready to open this week’s buying and selling motion at $247.11 a share.

Source: TD Ameritrade TOS

[Read More] What Happens To Stocks During A Recession?

2. Roblox (RBLX Stock)

Next, Roblox Corporation (RBLX) is an American know-how firm that develops social video video games and Roblox, a digital world platform. In element, the corporate’s sport platform permits gamers to create and share their very own video games.

RBLX Recent Stock News

Just final week, Roblox Corporation reported a miss for its third-quarter 2022 monetary outcomes. Diving in, the corporate reported a lack of $0.50 per share and income of $517.7 million for Q3 2022. For context, the analysts’ consensus estimates, have been a lack of $0.36 per share and income estimates of $694.9 million. However, the corporate reported its common day by day lively customers (DAUs) was 58.8 million, reflecting a 24% enhance year-over-year.

David Baszucki, Chief Executive Officer of Roblox, commented, “We are delivering robust progress throughout our core working metrics, powered by a rising developer group creating high-quality experiences that enchantment to a broad, world viewers. We are creating modern applied sciences to allow deeper types of immersion, communication, and expression to additional improve the worth of the platform.

RBLX Stock Chart

Over the final 6 months of buying and selling motion, shares of Roblox stock have rebounded 11.43%. Aside from that, RBLX stock closed Friday’s buying and selling session up 8.89% and can open Monday’s buying and selling session at round $36.74 a share.

RBLX stock chart
Source: TD Ameritrade TOS

[Read More] 3 Value Stocks To Watch In November 2022

Lastly, Meta Platforms Inc (META) previously Facebook is an American know-how firm. In quick, the corporate builds applied sciences that assist individuals join, discover communities, and develop companies. Additionally, Meta Platforms provides quite a lot of services, together with Facebook, WhatsApp, Instagram, Messenger, and extra.

META Recent Stock News

At the tip of October, Meta Platforms reported weaker-than-expected third-quarter 2022 monetary outcomes. Diving in, the corporate reported Q3 2022 earnings of $1.64 per share and income of $27.7 billion for the quarter. Also, the corporate stated in its letter to shareholders that its’ projected fourth-quarter 2023 income is between $30 and $32.5 billion.

Mark Zuckerberg, Meta founder, and CEO.  “While we face near-term challenges on revenue, the fundamentals are there for a return to stronger revenue growth. We’re approaching 2023 with a focus on prioritization and efficiency that will help us navigate the current environment and emerge an even stronger company.”

META Stock Chart

Over the final 5 buying and selling days, shares of META stock have began to bounce by 19.09%. As of Friday’s finish of the day, META stock closed up 1.03% on the day. Meanwhile, Meta stock is ready to open Monday morning’s buying and selling session at $113.02 a share.

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Source: TD Ameritrade TOS

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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.



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