3 Tech Stocks That Will Post Sizzling Gains This Summer

InvestorPlace04-25

These tech stocks could post sizzling gains this summer as the Fed potentially cuts rates and consumer spending remains robust. Tripadvisor (TRIP): This travel tech pioneer is poised to benefit from ...

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}\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\">\n3 Tech Stocks That Will Post Sizzling Gains This Summer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-25 18:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/04/3-tech-stocks-that-will-post-sizzling-gains-this-summer/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These tech stocks could post sizzling gains this summer as the Fed potentially cuts rates and consumer spending remains robust.\nTripadvisor (TRIP): This travel tech pioneer is poised to benefit from ...</p>\n\n<a href=\"https://investorplace.com/2024/04/3-tech-stocks-that-will-post-sizzling-gains-this-summer/\">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":"BK4536","symbol_name":"外卖概念","start_time":0,"source_url":"https://investorplace.com/2024/04/3-tech-stocks-that-will-post-sizzling-gains-this-summer/","article_id":"2430703294","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430703294","pubTimestamp":1714041000,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"These tech stocks could post sizzling gains this summer as the Fed potentially cuts rates and consumer spending remains robust.Tripadvisor: This travel tech pioneer is poised to benefit from the summer travel boom.As summer inches closer, cracks are starting to form in this resilient bull market. No one can say for certain whether we’re headed for another swoon or a fiery comeback akin to 2023’s summer surge. But one thing’s for sure – you can never go wrong loading up on high-quality stocks for the long-haul. These battle-tested titans rarely disappoint, no matter how choppy the near-term waters get.If that’s the case, certain tech stocks could post big gains over the summer months. Here are three tech stocks to consider in this light.However, Roblox Corporation is one of the only pure-play public companiesgiving investors exposureto this booming virtual","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4536":"外卖概念","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU0171293334.USD":"贝莱德英国基金A2","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","BK4535":"淡马锡持仓","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4538":"云计算","POST":"Post Holdings","MSFT":"微软","BK4550":"红杉资本持仓","LYFT":"Lyft, Inc.","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4097":"系统软件","BK4230":"旅客陆运","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4547":"WSB热门概念","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","BK4565":"NFT概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","TRIP":"猫途鹰","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","BK4532":"文艺复兴科技持仓","RBLX":"Roblox Corporation","BK4554":"元宇宙及AR概念","LU0056508442.USD":"贝莱德世界科技基金A2","LU0109392836.USD":"富兰克林科技股A","BK4567":"ESG概念","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","UBER":"优步","BK4534":"瑞士信贷持仓","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)"},"translate_title":"今年夏天将大幅上涨的3只科技股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":1,"LYFT":1,"MSFT":1,"POST":1,"RBLX":1,"TRIP":1},"content_text":"These tech stocks could post sizzling gains this summer as the Fed potentially cuts rates and consumer spending remains robust.\nTripadvisor (TRIP): This travel tech pioneer is poised to benefit from the summer travel boom.\nRoblox (RBLX): The leading pure-play metaverse gaming platform could soar as kids spend more time online during summer breaks.\nLyft (LYFT): Often cheaper than Uber (UBER), this underdog ridesharing app has a huge runway for growth.\n\n\n\n\n\n \n\nSource: thinkhubstudio / Shutterstock.com\n\n\n\nAs summer inches closer, cracks are starting to form in this resilient bull market. No one can say for certain whether we’re headed for another swoon or a fiery comeback akin to 2023’s summer surge. But one thing’s for sure – you can never go wrong loading up on high-quality stocks for the long-haul. These battle-tested titans rarely disappoint, no matter how choppy the near-term waters get.\nBesides, I’ve got a hunch the Federal Reserve could toss us a bone with at least one rate cut this year. Sure, inflation’s been stubborn, but the central bank knows an election-year rally would surely look good on its report card. A smidge of easing could be just what the market needs right now.\nIf that’s the case, certain tech stocks could post big gains over the summer months. Here are three tech stocks to consider in this light.\nTripadvisor (TRIP)\nSource: Tero Vesalainen / Shutterstock.comTripadvisor (NASDAQ:TRIP) hasn’t exactly been a rockstar performer throughout its history on Wall Street. The stock has seen multiple downturns and is still down from 2011 levels. However, this travel tech pioneer has been slowly but surely turning things around. Shares of TRIP stock are up a solid 44% over the past year alone.\nI think Tripadvisor can continue outperforming, especially heading into summer’s peak travel season. If consumer spending habits hold up despite high interest rates, we could see a repeat of last year’s travel boom. After all, there are still plenty of jobs out there, and wealthier folks have plenty of discretionary income to burn on vacations. Apollo has also shown interest in taking over the company lately.\nThe company’s long-term outlook is enticing too. Wall Street sees Tripadvisor’s earnings per share (EPS) rising from around $1.50 in 2024 to $4.00 by 2028, fueled by 7-8% annual revenue growth. Paying just 17-times forward earnings for that margin growth seems like an absolute steal to me. With travel demand still red-hot, this stock has plenty more room to run, especially if it manages to outperform expectations this summer.\nRoblox (RBLX)\nSource: Michael Vi / Shutterstock.comRoblox (NYSE:RBLX) is a multiplayer online universe that’s home to thousands of games, activities, and virtual hangout spots. It’s basically the metaverse playground that every kid seemingly craves these days, alongside heavyweight games like Fortnite.\nHowever, Roblox Corporation is one of the only pure-play public companies giving investors exposure to this booming virtual gaming space. The company is even partnering with ad tech firm PubMatic to launch immersive video ads on its platform, driving revenue growth.\nNow, Roblox isn’t expected to turn a profit until 2027. But the company’s $2 billion cash stockpile should help it weather any near-term storms. This stock could definitely soar once kids get more free time online during summer breaks – they go crazy for Robux these days!\nI also wouldn’t rule out a takeover down the line. Roblox has stellar growth prospects, and the company’s business model isn’t overly complex. If Microsoft (NASDAQ:MSFT) was willing to shell out for Minecraft and Activision Blizzard, other big tech names may not hesitate to grab this metaverse pioneer, over a long enough time horizon.\nLyft (LYFT)\nSource: Allmy / Shutterstock.comWe’re all familiar with Uber (NYSE:UBER) at this point – it’s become a household name for ridesharing. But don’t sleep on the underdog Lyft (NASDAQ:LYFT)! While its market share pales in comparison to Uber’s, this app is still chugging along nicely with very enticing growth prospects.\nLyft is often cheaper than Uber in many cities, and it has a huge runway ahead as it has yet to expand outside the U.S. like its bigger rival. The stock also trades at a much cheaper valuation than Uber at just 27-times forward earnings versus 57-times for UBER.\nYou’re looking at blistering earnings growth here too, with the company’s earnings per share projected to soar from $0.62 in 2024 to $1.60 by 2028. Revenues are expected to keep climbing in the low double-digits annually over that span. Lyft has been reporting excellent financials lately while guiding impressive 2024 numbers, thanks to the company’s new management team and its successful turnaround efforts. Lyft’s balance sheet is sturdy too, with $560 million more cash than debt.\nNotably, LYFT stock is already up a stellar 65% year-to-date. That lags Uber’s 130% surge, but who knows? Perhaps outperformance ahead. The bulk of Lyft’s performance could be driven by its bargain valuation relative to its growth potential. I see major upside from here. In my view, LYFT stock is one of the best options in the tech sector right now for long-term investors seeking growth at a reasonable price.\nOn the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nOmor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.TechnologyGrowth 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\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/04/3-tech-stocks-that-will-post-sizzling-gains-this-summer/.\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/2430703294"}