Don’t Sleep on These 7 Tech Stocks That Will Mint Millionaires

InvestorPlace2023-08-28

Palo Alto Networks (PANW): The cybersecurity leader continues to report strong revenue and earnings growth.MercadoLibre (MELI): The company has large business segments in e-commerce and fintech, but ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2362179144?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-28 22:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2362179144","market":"us","top_or_hot":-1,"title":"Don’t Sleep on These 7 Tech Stocks That Will Mint Millionaires","media":"InvestorPlace","content":"<div>\n<p>Palo Alto Networks (PANW): The cybersecurity leader continues to report strong revenue and earnings growth.MercadoLibre (MELI): The company has large business segments in e-commerce and fintech, but ...</p>\n\n<a href=\"https://investorplace.com/2023/08/dont-sleep-on-these-7-tech-stocks-that-will-mint-millionaires/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Don’t Sleep on These 7 Tech Stocks That Will Mint Millionaires</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDon’t Sleep on These 7 Tech Stocks That Will Mint Millionaires\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-28 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/08/dont-sleep-on-these-7-tech-stocks-that-will-mint-millionaires/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palo Alto Networks (PANW): The cybersecurity leader continues to report strong revenue and earnings growth.MercadoLibre (MELI): The company has large business segments in e-commerce and fintech, but ...</p>\n\n<a href=\"https://investorplace.com/2023/08/dont-sleep-on-these-7-tech-stocks-that-will-mint-millionaires/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SHOP","symbol_name":"Shopify Inc","start_time":0,"source_url":"https://investorplace.com/2023/08/dont-sleep-on-these-7-tech-stocks-that-will-mint-millionaires/","article_id":"2362179144","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2362179144","pubTimestamp":1693231951,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Looking to generate high returns from tech stocks? These under-the-radar stocks look promising for long-term investors.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SHOP":"Shopify Inc","BK4097":"系统软件","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","QID":"纳指两倍做空ETF","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","SQQQ":"纳指三倍做空ETF","LU0861579265.USD":"联博低波幅策略股票基金A","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0456842615.SGD":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H",".IXIC":"NASDAQ Composite","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","PANW":"Palo Alto Networks","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","MELI":"MercadoLibre","03165":"华夏欧优股对冲","QLD":"纳指两倍做多ETF","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","GOOG":"谷歌","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","TQQQ":"纳指三倍做多ETF","NOW":"ServiceNow","SMCI":"超微电脑","PSQ":"纳指反向ETF","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0079474960.USD":"联博美国增长基金A","ANET":"Arista Networks, Inc.","QQQ":"纳指100ETF","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","SEMR":"SEMrush Holdings, Inc.","ASML":"阿斯麦","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","BK4122":"互联网与直销零售","NVDA":"英伟达"},"translate_title":"不要睡在这7只会创造百万富翁的科技股上","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANET":1,"ASML":1,"SMCI":1,"SHOP":1,"SEMR":1,"MELI":1,"NOW":1,"NVDA":1,"PANW":1,".IXIC":0.87,"GOOG":0.73,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6,"03165":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Palo Alto Networks (PANW): The cybersecurity leader continues to report strong revenue and earnings growth.MercadoLibre (MELI): The company has large business segments in e-commerce and fintech, but investors should also monitor its digital ads business.Semrush (SEMR): High annual recurring revenue and a solid product have allowed the company to set its targets on non-GAAP profitability.Continue reading for the complete list of the tech stocks! \n\n\n\n \n\nSource: Golden Dayz / Shutterstock.com\n\n\n\nTech stocks have been top performers in the stock market. While FAANG stocks have stolen the spotlight for a decade, other tech stocks have also been reaping massive gains.\nNvidia (NASDAQ:NVDA) didn’t receive as much spotlight in the early 2010s. That stock only recently got thrust into the spotlight, and no one sleeps on that stock anymore. While Nvidia still carries a high valuation, the recent earnings report suggests an attractive forward P/E ratio is coming. \nSome investors look at stocks like Nvidia and FAANG for inspiration. However, other investors look for less-known tech stocks that can generate high returns in the future. Investors looking for extra exposure to tech stocks may want to consider these seven picks.\nPalo Alto Networks (PANW)\nSource: Sundry Photography / Shutterstock.com\nPalo Alto Networks (NASDAQ:PANW) is a cybersecurity company that raised skepticism for reporting earnings Friday evening. It’s unusual for the company to report earnings on a Friday evening; many investors saw that as bad news.\nThe company reported 26% year-over-year revenue growth and a 30% year-over-year growth in remaining performance obligations. Palo Alto Networks aims for 18%-19% year-over-year revenue growth in FY2024.\nDue to its unusual release date, the company was a big sleeper heading into earnings. However, the stock has performed well over the past five years. Shares have gained 204% during that time frame and are up by 65% year-to-date.\nCybersecurity companies are promising due to the lucrative market of cyber hacking. Cyber hacking can cost companies $10.5 trillion per year by 2025. Cybersecurity tools like Palo Alto Network’s suite of products can minimize those costs and help businesses maintain online security.\nMercadoLibre (MELI)\nSource: tiagogarciafoto / Shutterstock.com\nMercadoLibre (NASDAQ:MELI) is an e-commerce and fintech company based in Argentina. Many investors compare the company to Shopify (NYSE:SHOP), but MercadoLibre has reported better financials than Shopify.\nMercadoLibre reported a 113% year-over-year increase in profits and 31.5% year-over-year revenue growth. These growth rates have helped the company secure a 70 forward P/E ratio.\nMercadoLibre already has e-commerce and fintech on its side, but the company can emerge as an ad giant in the future. The firm’s digital ads business grew by over 60% year-over-year. This business segment has high profit margins for the company and has a compelling runway.\nMercadoLibre has been known as the Shopify of South America, but there is more to this investment opportunity. Some investors have noticed and helped prop this stock to a 233% gain over the past five years. Shares have gained 48% year-to-date.\nSemrush (SEMR)\nSource: ©iStock.com/LincolnRogers\nSemrush (NYSE:SEMR) is a search engine marketing tool that helps marketers improve their SEO and SEM. SEO stands for search engine optimization and represents how businesses can improve their organic Google listing. SEM stands for search engine marketing and is a marketing path for businesses that want to optimize their online ads and paid search strategies.\nBusinesses will always want to rank on the first page for important keywords. The first page of Google’s search results is incredible digital real estate for any business.\nSemrush makes it easier for companies to achieve their search engine goals, and the software is a monthly subscription. Semrush hasn’t rewarded long-term investors quite yet. Shares are down by almost 25% since an IPO in March 2021. However, shares have gained 9% year-to-date.\nThe big catalyst for Semrush comes from the company’s pursuit of profitability. Revenue has always been good, and the company recently reported 19% year-over-year revenue growth. This growth primarily comes from annual recurring revenue, which surpassed $300 million in the second quarter.\nHowever, Semrush aims to achieve a non-GAAP net income of around $4 million in FY2023. That’s a recent guidance raise from the previous range of breakeven to $3 million in non-GAAP net income. Management expects revenue to reaccelerate in future quarters, and that can lead to higher profits in the future. If profits continue, Semrush shares stand to gain more value over time.\nServiceNow (NOW)\nSource: Sundry Photography / Shutterstock.com\nServiceNow (NYSE:NOW) is a cloud computing company that serves over 7,700 global enterprise customers. Many ServiceNow customers enjoy the company’s software, leading to a 99% renewal rate.\nThe company exceeded guidance on revenue and earnings in the second quarter. Q2 revenue reached $2.15 billion, representing a 23% year-over-year increase. Net income exceeds $1 billion in the quarter.\nServiceNow is positioned to benefit from the artificial intelligence boom. In the earnings report, management indicated generative AI solutions have resulted in significant productivity increases across the board. The firm’s partnership with Nvidia can make generative AI more accessible for enterprises.\nServiceNow is aiming for 25.5%-26% year-over-year revenue growth in the third quarter. Like many tech stocks on this list, ServiceNow has rewarded many long-term investors. Shares are up by 185% over the past five years and have gained 43% year-to-date.\nASML (ASML)\nSource: Ralf Liebhold / Shutterstock\nASML (NASDAQ:ASML) is a semiconductor corporation that is the world’s only manufacturer of extreme ultraviolet systems. This company’s technology produces small and efficient chips.\nASML hasn’t enjoyed the same artificial intelligence-inspired growth as its peers. The stock is only up by roughly 18% year-to-date. However, shares have surged 216% over the past five years. ASML also has a reasonable valuation. The P/E ratio currently stands at 32 times.\nASML reported 27.1% year-over-year revenue growth in the second quarter and predicts to generate 30% year-over-year revenue growth for 2023 compared to 2022. Second-quarter sales came at the company’s high end of guidance, with gross margins at 51.3%.\nSemiconductor stocks remain a hot pick as artificial intelligence chips pick up steam. ASML has been left in the dust relative to the gains of its peers, but it can be a compelling pick in the long run. The stock currently has a dividend yield approaching 1%.\nArista Networks (ANET)\nSource: Sundry Photography / Shutterstock.com\nArista Networks (NYSE:ANET) provides large enterprises and data centers with cloud networking. Data centers are an important component of the artificial intelligence boom. As demand rises for AI chips and tools, Arista Networks stands to benefit.\nThe firm posted excellent revenue and earnings growth in the second quarter. Revenue jumped by 38.7% year-over-year, while GAAP net income jumped from $299.1 million to $491.9 million. That marks a 64.5% year-over-year improvement.\nArista Network’s customer portfolio consists of 75 million cumulative cloud networking ports. This backbone, combined with company initiatives, led to leadership projecting $1.45 billion to $1.5 billion in revenue for the third quarter. The mid-point, $1.475 million, would represent 25% year-over-year revenue growth.\nSuper Micro Computer (SMCI)\nSource: Shutterstock\nSuper Micro Computer (NASDAQ:SMCI) is a leading provider of high-performance server and storage solutions for artificial intelligence tools. The company has been around for over 20 years, but the recent AI boom has significantly improved this company’s long-term prospects.\nInvestors have taken notice. Shares have gained 213% year-to-date and have rocketed by 1,180% over the past five years. Investors looking for Nvidia-like returns may benefit from a company that has a good partnership with Nvidia.\nUnlike most tech companies that experienced big gains, SMCI has a P/E ratio of 23. The firm grew its Q3 net income from $141 million to $194 million, representing a 37.6% year-over-year growth rate. The company also achieved 37% year-over-year revenue growth.\nWhile these numbers are impressive already, Nvidia’s explosive revenue and earnings growth numbers should excite many investors. Nvidia’s astonishing earnings report highlights the rapid growth of artificial intelligence. Super Micro Computer has a shot at reporting mind-boggling numbers in future quarters.\nOn this date of publication, Marc Guberti held long positions in ASML and SMCI. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\n\nMarc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News & World Report, Benzinga, and Joy Wallet.\n\n\nSemiconductor, Technology\n\n\nGrowth Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2023/08/dont-sleep-on-these-7-tech-stocks-that-will-mint-millionaires/.\n©2023 InvestorPlace Media, LLC\n\n\n\n\nSponsored Headlines","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":2,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2362179144"}