It is not a difficult task to look for the best tech stocks to invest in at present, as long as you are involved in finishing at the right pond. Whether it is a less-popular name such as Etsy stock or a broadly held name such as Shopify stock, the top-level tech stocks share some common characteristics. The best level of tech stocks possesses strong fundamentals as well as leading price-related performance in their respective industries. The majority of stocks also exhibit favorable trends of fund ownership. Fishing in the appropriate pond indicates targeting those stocks which are demonstrating resilience near highs. Stocks in the tech industry contain some outstanding fundamentals. The majority are sold at a hefty premium, but there is a warranty of high value because of positive growth prospects. The technology sector has broad-based leadership which indicates that it possesses high opportunities for regulating its leadership in the market. The single biggest driver in the 2020 stock market gains was the tech sector. Part of this outstanding performance originated from customers and businesses moving robustly to digital mediums during the Coronavirus pandemic and lockdown situation, but these huge boosts in technology usage prove that the overall integration of tech with the daily life and economy has been improved and will accelerate further in future. In this article, we are going to check out the best tech stocks to invest in as reviewed by Insider Monkey.
Amongst the list of top 10 tech stocks to invest in, Global Payments Inc. is in 10th place. The company is working as the technology and solutions and payments software provider as per Philippe Laffont. After holding a key position in the GPN starting from the Q2 of 2019, there has been observed a huge increase in the stake of GPN by the hedge funds by around 225% in the Q3 of 2019. On 9th place in the list is Netflix which is the largest beneficiary of the policies of staying at home. Netflix has a 65% share price rally in 2020. This has been predicted by the hedge fund manager that this tech stock will experience a further boost. Around 1% stake of hedge funds has been increased in the streaming companies with worth $712 million. For checking out the remaining items on the list, you can jump directly to 10 Best Tech Stocks To Invest in Now.
