The 5 Best Tech Stocks for 2016
Technology has come to have a broader meaning than just hardware and software companies. It’s no longer just Microsoft and Cisco. Social media and “Internet” companies are now part of the technology landscape.
Tech stocks were some of the big performers in 2015 but there’s still investing opportunities in the sector.
What are Brian’s top 5 technology stocks for 2016?
Is Facebook (FB – Analyst Report) the future of social media? While there are now a billion people using the platform, Facebook is more than just its namesake product.
Amazon (AMZN – Analyst Report) is transforming itself from a retail juggernaut to a leader in the cloud. After not being profitable for years, this 20-year old company is expected to grow earnings 456% this year and another 167% next year. What’s going on?
Fitbit (FIT – Analyst Report) is the latest tech gadget sensation. It has 22% of the wearables market and it looks like this holiday season could be huge for the company. Fitness and wellness are a big market globally which Fitbit is only beginning to tap.
Gogo Inc. (GOGO – Snapshot Report) might not be on your radar but the airlines certainly know it. It provides Internet services in flight and is launching a new system on 550 planes in 2016. Should you take a chance on this growing technology?
Infinera (INFN – Snapshot Report) isn’t in a glamorous part of the technology business, as it provides fiber optic connection gear, but as companies like Amazon and Facebook need and use ever more data, it’s Infinera which paves the way. Earnings are expected to grow 31% in 2016.
But what about valuations? None of these stocks are cheap. Should investors be concerned or should they just buy the growth and be happy?
For those who only can buy just one tech stock next year, Brian also provides his favorite pick out of these 5.
Investors have loved tech stocks for the last 20 years but it’s always changing. Listen to the podcast to find out more about how to invest in it for today’s world.
– See more at: http://www.zacks.com/stock/news/200438/the-5-best-tech-stocks-for-2016#sthash.fhP7MIFb.dpuf