3 Tech Stocks to Buy for the Next Bull Run: June 2024

InvestorPlace06-13

Check out these tech stocks for promising upside. Crowdstrike (CRWD): Many businesses rely on Crowdstrike’s Falcon Platform to stay safe from hackers. Upwork (UPWK): It’s a top beneficiary from the ...

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/2443809680?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-13 23:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2443809680","market":"us","top_or_hot":-1,"title":"3 Tech Stocks to Buy for the Next Bull Run: June 2024","media":"InvestorPlace","content":"<div>\n<p>Check out these tech stocks for promising upside.\nCrowdstrike (CRWD): Many businesses rely on Crowdstrike’s Falcon Platform to stay safe from hackers.\nUpwork (UPWK): It’s a top beneficiary from the ...</p>\n\n<a href=\"https://investorplace.com/2024/06/3-tech-stocks-to-buy-for-the-next-bull-run-june-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>3 Tech Stocks to Buy for the Next Bull Run: June 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\">\n3 Tech Stocks to Buy for the Next Bull Run: June 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-13 23:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/06/3-tech-stocks-to-buy-for-the-next-bull-run-june-2024/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Check out these tech stocks for promising upside.\nCrowdstrike (CRWD): Many businesses rely on Crowdstrike’s Falcon Platform to stay safe from hackers.\nUpwork (UPWK): It’s a top beneficiary from the ...</p>\n\n<a href=\"https://investorplace.com/2024/06/3-tech-stocks-to-buy-for-the-next-bull-run-june-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":"LU1951198990.SGD","symbol_name":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","start_time":0,"source_url":"https://investorplace.com/2024/06/3-tech-stocks-to-buy-for-the-next-bull-run-june-2024/","article_id":"2443809680","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2443809680","pubTimestamp":1718291430,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Check out some of the top tech stocks to buy for long-term investors. These are the picks that can outperform the market.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","MAGS":"The Magnificent Seven ETF","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","PSQ":"纳指反向ETF","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","BK4528":"SaaS概念","BK4539":"次新股","QLD":"纳指两倍做多ETF",".IXIC":"NASDAQ Composite","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","BK4532":"文艺复兴科技持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","BK4204":"教育服务","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","LU1917777945.USD":"安联专题基金Cl AT Acc","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU1923622614.USD":"Natixis Thematics Meta R/A USD","BK4585":"ETF&股票定投概念","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","BK4130":"人力资源与就业服务","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","CRWD":"CrowdStrike Holdings, Inc.","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","DUOL":"多邻国","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU1923622291.USD":"Natixis Thematics Safety R/A USD","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","BK4588":"碎股","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","UPWK":"Upwork Inc.","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","BK4551":"寇图资本持仓","BK4097":"系统软件","BK4560":"网络安全概念","QID":"纳指两倍做空ETF","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","TQQQ":"纳指三倍做多ETF","LU1548497426.USD":"安联环球人工智能AT Acc"},"translate_title":"下一次牛市值得买入的3只科技股：2024年6月","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UPWK":1,"MAGS":1,"CRWD":1,"DUOL":1,".IXIC":0.88,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Check out these tech stocks for promising upside.\nCrowdstrike (CRWD): Many businesses rely on Crowdstrike’s Falcon Platform to stay safe from hackers.\nUpwork (UPWK): It’s a top beneficiary from the remote work boom.\nDuolingo (DUOL): The language learning app is attracting plenty of active users.\n\n\n\n\n\n \n\nSource: sdecoret / Shutterstock.com\n\n\n\nThe tech industry has been powering the stock market to all-time highs. If you look at the top holdings in the S&P 500, you will see plenty of tech companies. Most of the Magnificent Seven stocks are tech companies, and they even have a special ETF that has been outperforming the S&P 500 and the Nasdaq Composite. This fund, the Roundhill Magnificent Seven ETF (NASDAQ:MAGS) demonstrates what’s possible in tech.\nHowever, you don’t have to buy tech giants to outperform the stock market. In fact, some investors would argue that you can get more gains by focusing on smaller corporations. Granted, we’re still talking about companies with market caps approaching $100 billion, so they’re not petite. \nTech is a common standout in bullish economic cycles. Many tech firms have the ability to scale in ways that are difficult for other sectors. With that in mind, these tech stocks look poised to deliver impressive returns during the next bull run.\nCrowdstrike (CRWD)\nSource: T. Schneider / Shutterstock.comCorporations and small businesses need to keep themselves safe from cyberattacks. A breach can cost millions of dollars between stolen data, lost business, legal fees and other costs. \nRather than deal with all of those expenses, companies are turning to cybersecurity firms like Crowdstrike (NASDAQ:CRWD) to protect their data.\nThe Crowdstrike Falcon Platform helps businesses detect threats and address them before they get serious. Crowdstrike also identifies several ways to fortify your cybersecurity, and the company even uses AI to act as an additional safeguard against hackers.\nThe cybersecurity industry has endured some headwinds in recent quarters, but none of those headwinds have slowed down Crowdstrike’s growth. Revenue increased by 33% year-over-year in Q1 FY25, while net income came to $42.8 million. \nIt’s important to remember that other cybersecurity firms are decelerating in meaningful ways to regain growth. Crowdstrike has been using this opportunity to gain market share, and it’s possible for growth rates to accelerate once the headwinds go away.\nUpwork (UPWK)\nSource: Funstock / Shutterstock.comUpwork (NASDAQ:UPWK) has been a storied stock since the pandemic. In roughly one year, Upwork went from trading at $5 a share to exceeding $60 at its all-time high. \nRemote work has become more popular, and many people use Upwork to find job opportunities. However, the stock got a bit ahead of itself during that rally and is down by more than 80% from its peak.\nA few things have changed at Upwork ever since many investors tuned out. The company is now profitable and recently delivered $18.4 million in net income in Q1 2024. That’s a 7.4% year-over-year improvement. Revenue was up by 19% year-over-year in that quarter and came to $190.9 million.\nAfter sliding by 27% to start the year, the stock now has a 31 P/E ratio. Upwork is still generating plenty of demand. Active clients increased by 5% year-over-year to exceed 872,000. As remote work and freelancing become commonplace, Upwork should continue to grow. \nUpwork also has a few exciting monetization opportunities. Its Freelancer Plus subscription service now has 100,000 active subscribers and generated 76% year-over-year revenue growth. \nAd revenue surged by 93% year-over-year and is the company’s fastest-growing revenue stream. Advertisements are also known for their high-profit margins and can translate into a lower P/E ratio for the stock. \nThe company’s Q2 revenue guidance ranges from $190 million to $195 million. It represents a 14.2% year-over-year growth rate at the midpoint. \nDuolingo (DUOL)\nSource: dennizn / ShutterstockMillions of people learn new languages every year. Some people pick it up as a hobby while others use language learning apps and resources to acclimate themselves to new cultures. \nDuolingo (NASDAQ:DUOL) is a popular educational app that makes it easy and affordable for people to learn new languages.\nThe app guides users through written and verbal exercises designed to teach them basic concepts. Then, the lessons become more advanced as you progress through the app. Duolingo currently has 97.6 million monthly active users, as well as 31.4 million daily active users. The app gets a lot of activity, and the engagement has translated into impressive financial growth.\nRevenue increased by 45% year-over-year in Q1 2024 to reach $167.6 million. Net income came in at $27.0 million compared to a $2.6 million net loss in the same period last year. Profit margins are expanding and revenue growth remains strong. \nWhile the stock is only up by 42% over the past five years, its fortunes should turn around quickly.\nOn this date of publication, Marc Guberti held a long position in CRWD. 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/2024/06/3-tech-stocks-to-buy-for-the-next-bull-run-june-2024/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"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":"4.24.2","shortVersion":"4.24.2","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/2443809680"}