TaxProfessionals.com
Posted by Pat Raskob

Which Tech Stocks to Consider Buying in Today's Market

Which Tech Stocks to Consider Buying in Today's Market

If you're looking for the best tech stocks to consider in 2022, there are quite a lot to choose from. This year, the global tech market is expected to experience a growth rate of about 11.2% to $9.32 trillion. Not a bad sector to invest in, but which stocks do we consider the best?

Moreover, the global tech market is expected to grow at a projected annual growth rate of 10.23%. By 2026, the tech market is expected to hit $13.8 trillion.

We looked at the performance of some of the stocks for the year 2021, their projected growth rate, and their financial net worth before concluding on the best stocks to buy. In a world increasingly unpredictable, as evidenced by the 2020 global pandemic, the best stocks have to be the ones that can show great adaptability and strength in the face of changing realities.

There are two significant types of tech stocks. The hardware tech and the software tech. You can further break this down to gadget makers, software developers, wireless providers, streaming services, semiconductor companies, cloud computing providers, and the likes. 

Because tech companies keep innovating and represent the world's future in every sector, you can hardly go wrong investing in them. For example, market analysts believe that the days of explosive growth in tech are behind us, so you shouldn't expect massive dividends if you invest. However, there are risks involved, so we have put this guide together.


How to buy tech stocks

The best way to buy tech stocks is through a brokerage account or individual retirement account. It is not advisable to buy individual stocks as they may be risky since the market is volatile. You should diversify your stocks to stay on the safe side. Remember, no matter how profitable a tech company may look, there may be distributions that would affect it with innovations.

However, the most profitable stocks remain tech stocks. In light of the above, here are the best stocks to buy in 2022.

  1. Apple

With a market capitalization of over $2.7 trillion, Apple currently represents more than 6.7% of the S&P 500 by weight. There's hardly any index fund that doesn't own shares in Apple. Because of its size, investing in Apple will certainly yield short-term and long-term dividends. 

  1. Microsoft

Microsoft is one of the largest software tech companies, also valued in trillions. With a market capitalization of $2.2 trillion, Microsoft remains at the forefront of producing innovation for our everyday use.

  1. Alphabet

Alphabet is the parent company of Google, best known for online advertising and web services. Alphabet has a market capitalization of $1.7 trillion and continues to grow. Because Google also collects data on users, it makes a lot of money.

  1. Taiwan Semiconductor Manufacturing (TSM)

TSM would be the world's largest semiconductor chips manufacturer if you didn't know. TSM has a market capitalization of $535 million. With thousands of products in its arsenal, it is a company that will continue to make progress.

  1. Samsung Electronics

The world's oldest maker of electronics, Samsung remains a good choice for investors. With a capitalization worth $292 billion, Samsung electronics is also an excellent investor choice.

While we have listed above the most extensive stocks, you can also invest in stocks with low prices but significant growth prospects. In a strategy that is called value investing, you pick stocks that you believe are presently trading for less than their worth. In that case, we recommend;

  • Hewlett Packard Enterprise Co.

  • Mandiant Inc.

  • CDK Global Inc.

  • Dell Technologies

  • HP Inc.


FOR MORE INFORMATION ON HOW PAT RASKOB CAN BEST HELP YOU WITH YOUR TAX FILING NEEDS, PLEASE CLICK THE BLUE TAB ON THIS PAGE.


THANKS FOR VISITING.

Pat Raskob
Contact Member