Apple, Microsoft, Palo Alto Are Wedbush's Top Tech Picks Going Into Year-End

Seeking Alpha2022-08-08

Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and Palo Alto Networks (NASDAQ:PANW) are investment firm Wedbush Securities' three top tech stock picks going into the end of the year.Analyst Dan Ives, ...

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Comments

hphoa
2022-08-09
hphoa
Ok
Sigit waloyo
2022-08-09
Sigit waloyo
Sip
Samuw
2022-08-09
Samuw
[Like]
SilentWatcher
2022-08-09
SilentWatcher
Can consider
miker9110
2022-08-08
miker9110
[Like]
hweeeee
2022-08-08
hweeeee
👍🏽

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Year-End\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-08 20:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3868672-apple-microsoft-palo-alto-are-wedbushs-top-tech-picks-going-into-year-end?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A7><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and Palo Alto Networks (NASDAQ:PANW) are investment firm Wedbush Securities' three top tech stock picks going into the end of the year.Analyst Dan Ives, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3868672-apple-microsoft-palo-alto-are-wedbushs-top-tech-picks-going-into-year-end?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A7\">Source 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it is going to continue to be a bifurcated industry moving forward, with companies such as Snap (SNAP), ServiceNow (NOW) and others that see \"incremental headwinds.\" He added that smaller tech companies with less stable business models will struggle over the next several quarters, but that is not going to stop what he calls \"the 4th industrial revolution\" and companies like Microsoft (MSFT), Apple (AAPL) and Palo Alto (PANW) are poised to benefit.For Apple (AAPL), the issues related to China and the supply chain look to have peaked and the focus is now on iPhone 14 production and demand ahead of a likely September launch.According to a Monday report from Taiwan's United Daily News, Apple (AAPL) has told iPhone 14 suppliers to boost production to 95M units, up from 90M.Ives added that as many as 225M customers have not upgraded their iPhone in 3.5 years, \"creating a strong pent-up demand story with iPhone 14 despite the darkening global macro backdrop.\"Concerning Microsoft (MSFT), Ives believes that the growth trajectory of its Azure cloud computing platform going into fiscal 2023 \"remains strong\" and the company is still \"in the middle innings\" of transforming workloads to be on the cloud.Palo Alto Networks (PANW) is expected to see a \"massive tailwind\" as it continues to shift to the cloud, with Ives noting it is \"in the right spot at the right time\" to benefit from this multi-year shift.Some analysts have wondered whether advertising might be Apple's (AAPL)next big growth opportunity as it looks to boost its Services 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