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These are the best technology stocks of 2021
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Technology stocks have been far from a sure bet since 2021 began its stretch run in mid-November. Inflationary concerns and fears of rising interest rates pushed investors out of software and internet companies, sending scores of prior outperformers into correction territory. Despite the sell-off and the volatility across wide swaths of the tech industry, investors have made a bundle of money betting on specific companies and stories. Certain areas of the semiconductor market ballooned this year, as demand soared for processors that could speed crypto
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Worst-performing tech stocks this week suggest U.S. over lockdowns
A funny thing happened on the way to the stock market’s retreat. Stay-at-home stocks that benefitted most from Covid-19 and the ensuing lockdowns, like Etsy, DoorDash, Zoom and DocuSign, were the worst performers this week. It’s the opposite reaction that one might expect as the new Covid omicron variant, which the World Health Organization said poses a “very high” global risk, makes its way around the world. The sharp selloff suggests investors are betting that, no matter what happens with omicron, the U.S. is done with the shutdowns that boosted food delivery and streaming TV services while forcing people to
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The Zacks Rank Explained: How to Find Strong Buy Computer and Technology Stocks
It doesn’t matter if you’re a growth, value, income, or momentum-focused investor — building a successful investment portfolio takes skill, research, and a little bit of luck. But what’s the best way to find the right combination of stocks? Because funding things like your retirement, your kids’ college tuition, or your short- and long-term savings goals will definitely require significant returns. Enter the Zacks Rank. What is the Zacks Rank? A unique, proprietary stock-rating model, the Zacks Rank uses earnings estimate revisions, or changes to a company’s earnings expectations, to help investors create a winning portfolio. There are four
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Is PayPal Holdings (PYPL) Outperforming Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is PayPal Holdings (PYPL) one of those stocks right now? By taking a look at the stock’s year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. PayPal Holdings is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the
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Has Snap (SNAP) Outpaced Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Snap (SNAP), but is the stock performing well in comparison to the rest of its sector peers? Let’s take a closer look at the stock’s year-to-date performance to find out. Snap is one of 630 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank is a proven model
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Is NVIDIA (NVDA) Outperforming Other Computer and Technology Stocks This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has NVIDIA (NVDA) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out. NVIDIA is one of 630 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies
