The Top 3 Tech Stocks to Buy in April 2024

InvestorPlace04-26

Investors don’t have to look for small tech stocks. These giants can still deliver impressive returns. Alphabet (GOOG, GOOGL): Advertising and cloud revenue continue to soar. Meta Platforms (META): ...

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/2430476251?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-26 04:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2430476251","market":"us","top_or_hot":-1,"title":"The Top 3 Tech Stocks to Buy in April 2024","media":"InvestorPlace","content":"<div>\n<p>Investors don’t have to look for small tech stocks. These giants can still deliver impressive returns.\nAlphabet (GOOG, GOOGL): Advertising and cloud revenue continue to soar.\nMeta Platforms (META): ...</p>\n\n<a href=\"https://investorplace.com/2024/04/the-top-3-tech-stocks-to-buy-in-april-2024/\">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>The Top 3 Tech Stocks to Buy in April 2024</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\">\nThe Top 3 Tech Stocks to Buy in April 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 04:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/04/the-top-3-tech-stocks-to-buy-in-april-2024/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors don’t have to look for small tech stocks. These giants can still deliver impressive returns.\nAlphabet (GOOG, GOOGL): Advertising and cloud revenue continue to soar.\nMeta Platforms (META): ...</p>\n\n<a href=\"https://investorplace.com/2024/04/the-top-3-tech-stocks-to-buy-in-april-2024/\">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":"IE00BKVL7J92.USD","symbol_name":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","start_time":0,"source_url":"https://investorplace.com/2024/04/the-top-3-tech-stocks-to-buy-in-april-2024/","article_id":"2430476251","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430476251","pubTimestamp":1714077281,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"These tech stocks can deliver outsized returns for patient investors. Discover these promising investments.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","PSQ":"纳指反向ETF","QQQ":"纳指100ETF","QLD":"纳指两倍做多ETF","TQQQ":"纳指三倍做多ETF","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","BK4548":"巴美列捷福持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close",".IXIC":"NASDAQ Composite","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","GOOG":"谷歌","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4554":"元宇宙及AR概念","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","GOOGL":"谷歌A","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0080751232.USD":"富达环球多元动力基金A","BK4553":"喜马拉雅资本持仓","SQQQ":"纳指三倍做空ETF","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU0109392836.USD":"富兰克林科技股A","BK4585":"ETF&股票定投概念","BK4576":"AR","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4566":"资本集团","BK4587":"ChatGPT概念","META":"Meta Platforms","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","AMZN":"亚马逊","BK4559":"巴菲特持仓","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","QID":"纳指两倍做空ETF","BK4579":"人工智能","LU0444971666.USD":"天利全球科技基金","BK4588":"碎股","BK4550":"红杉资本持仓","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","BK4561":"索罗斯持仓"},"translate_title":"2024年4月最值得买入的3只科技股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMZN":1,"META":1,"GOOGL":1,"GOOG":1,".IXIC":0.81,"TQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Investors don’t have to look for small tech stocks. These giants can still deliver impressive returns.\nAlphabet (GOOG, GOOGL): Advertising and cloud revenue continue to soar.\nMeta Platforms (META): Higher profit margins and a robust advertising network make the stock look promising.\nAmazon (AMZN): E-commerce and cloud computing are the juggernauts, but a new grocery subscription has investors excited.\n\n\n\n\n\n \n\nSource: whiteMocca / Shutterstock\n\n\n\nThe tech sector has delivered sizable returns for long-term investors. Many stocks in this sector have even outperformed the S&P 500. A few tech stocks do the heavy lifting for the index and can still bring portfolios to new heights.\nInvestors can find small companies and hope that those firms will achieve incredible returns. However, it’s also possible to outperform the stock market by sticking with familiar corporations. All of the tech stocks included in this list are household names, and they will remain that way for a long time.\nAlphabet (GOOG, GOOGL)\nSource: IgorGolovniov / Shutterstock.comAlphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is an underrated big tech stock. It’s received some bad press for AI mishaps and leadership issues, but the stock has promising components. It only trades at a 27 P/E ratio while delivering higher profit margins for investors. Shares are up by 15% year-to-date and have gained 153% over the past five years.\nRevenue increased by 13% year-over-year (YoY) in Q4 2023, as advertising revenue continues to rebound. Google Cloud revenue also soared and now makes up about 10% of the company’s total revenue. Alphabet’s expanding cloud segment can accelerate revenue growth and result in higher profit margins. The corporation grew its net income by 52% YoY in the quarter. \nThere seems to be an effort to change the culture, but the impact of this effort remains to be seen. Focusing on business instead of politics can lead to fewer mistakes and reignite innovation. The company is trimming its workforce, setting new expectations, and expanding overseas as well.\nAlphabet’s financials are already robust. Advertising and cloud computing will continue to propel the company. However, it can achieve elevated gains if it fully capitalizes on the AI boom.\nMeta Platforms (META)\nSource: rafapress / Shutterstock.comMeta Platforms (NASDAQ:META) turned the ship around in 2023, recovered from a miserable 2022, and looks ready to deliver more gains in 2024. The tech giant ended 2023 on a strong note with 25% YoY revenue growth and 201% YoY net income growth in Q4 2023.\nThe heightened net income prompted Meta Platforms to issue its first quarterly dividend of $0.50 per share. Daily active users across the company’s social networks reached 3.19 billion, an 8% YoY improvement. Monthly active users totaled 3.98 billion, a 6% YoY improvement.\nMeta Platforms has achieved high revenue growth while decreasing its headcount by 22% YoY. The company currently employs 67,317 workers. It also boasts strong financials, as its $65.40 billion cash position is enough to cover its $18.39 billion in long-term debt.\nAdvertising is still the company’s main revenue engine. However, investors should monitor the company’s artificial reality technology. This tech can accelerate the company’s growth if it becomes mainstream, but advertising should continue to generate additional profits.\nAmazon (AMZN)\nSource: Tada Images / Shutterstock.comAmazon (NASDAQ:AMZN) has a big lead in e-commerce and cloud computing. The company’s market dominance has attracted many analysts who have rated the stock as a Strong Buy. The average price target suggests a 20% upside from current levels. \nNet sales rose 14% YoY to reach a record $170.0 billion in Q4 2023. Net income came in at $10.62 billion and brought the company’s profit margin to 6.25%. Domestic and international sales both achieved double-digit growth rates.\nAmazon recently made another push to expand its grocery segment. The company’s unlimited grocery delivery subscription can take market share from competitors. The subscription costs $9.99/mo for Amazon Prime members. The initiative applies for orders above $35. Customers can receive groceries from Amazon Fresh, Whole Foods and other local grocers within the Amazon umbrella. \nThe membership pays for itself after a few orders because of the money you’ll save on gas. Individuals in the federal SNAP program only have to pay a $4.99 monthly fee.\nOn this date of publication, Marc Guberti held long positions in GOOG and AMZN. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\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\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/2024/04/the-top-3-tech-stocks-to-buy-in-april-2024/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"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":"4.22.4","shortVersion":"4.22.4","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/2430476251"}