6 Tech Stocks To Add To Your Portfolio This Year
It is not easy to forecast many things that will happen from year to year. This fact was never more evident than during the turmoil of 2020. But over the last few years, investors have not experienced a difficult time knowing where they can find well-performing stock picks. And for 2021, the tech industry is once more offering a group of stocks that will bolster any portfolio.
Microsoft
It would be impossible to discuss the best dividend stocks without mentioning one of the few companies in any industry valued at over $1 trillion. Microsoft has made it a point in recent years to embrace cloud-based and mobile-friendly services. These efforts have succeeded in a way that makes cloud-based services one-third of Microsoft’s revenue. Current CEO Satya Nadella receives much credit for navigating a course that allowed the company to progress a bit from its legacy products like Office and Windows.
PayPal Holdings
PayPal represents one of the oldest online payment solutions available on Wall Street. And the company keeps picking up steam as both checks and cash become more obsolete. The revenue generated by PayPal doubled from $9 billion to $21 billion over a five-year period that began in 2015 and ended in 2020. Some forecasts estimate the revenue increase in 2021 can be as high as 20 percent.
Apple
Many experts believe Apple’s success in the consumer electronics sector stems from the attraction gadget lovers have to the iPhone and iPad. But Apple offers more than these industry-leading mobile devices. The company is attracting more customers than ever with the popularity of the service arm of the company. Services from Apple include the app store, Apple TV, and iTunes. These and other services generated more than $55 billion in revenue for the company over the fiscal year 2020. This number represents 19 percent of the company’s revenue.
Alibaba
Alibaba is an online marketplace that may only be rivaled in size by Amazon. The Chinese company enjoys a healthy share of the e-commerce market, and its cloud division is flourishing. The last five years for Alibaba resulted in an annual sales growth of more than 46 percent. This number equals nearly twice the sales growth of Amazon. The support of the growing middle class in China, combined with its global customer base, has Alibaba primed for big things in 2021.
Facebook is one member of the best tech stocks to buy right now list that is too important for any investor to ignore. The social media giant entertains over three billion human beings monthly across applications that include Facebook Messenger, WhatsApp, and Instagram. According to Money Morning, “Facebook’s facing potentially life-threatening attacks by politicians who accuse the social media giant of exerting undue influence over Americans’ thinking and belief systems.” With that being said, if there are any dips that happen despite the news, it might be a great dip-buy opportunity.
The founding of Google happened in 1998. It did not take long for the company and its internet search engine to become a mainstay in American households. The market value of Google’s holding company, Alphabet, topped $1 trillion for the first time in 2020. The expectations for 2021 are more value and growth.
Investors interested in stability and profitability in 2021 need to look no further than the technology sector. A great place to start is considering one or more of the stocks profiled above as portfolio additions.
