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Which Tech Stocks To Invest In This Year

 

March 23, 2020 (Investorideas.com Newswire) Whether you're already a keen investor looking to diversify your investment portfolio, or whether you're brand new to the world of investments but are interested in dipping your toes in the water, you may want to give tech stocks some serious consideration this year.

In 2019, tech stocks were fantastically successful. In fact, almost all savvy tech investors with diversified portfolios ended last year in profit. So, could 2020 be another positive year for this sector? Are tech companies likely to experience impressive growth again for the second year running? With a wealth of different options to invest in, it can be difficult to know which stocks to add to your portfolio this year, but here are a few of the best to consider for 2020.

Apple

One of the biggest and best-known tech companies of them all has to be Apple. In 2019, Apple's return fell just under 100% - pretty remarkable in any book. The brand entered 2020 as a top tech stock - a big change from its position just a year before when the company made drastic cuts in its outlook for its first-quarter sales on 2nd January 2019 and caused a stir in the stock market with investors wondering if the iPhone manufacturer's reign was over.

Yet, Apple rapidly bounced back, not only recovering all its losses over that month but even adding on an additional 5% of gains by the time February began. All of this is down to the brand's hard work to grow its services business which offers extremely attractive margins. Apple even has its own effective plan B to give it a boost in the event of a downturn. With cash reserves of a quarter of a trillion dollars, it can purchase acquisitions to boost growth or give its investors an impressive dividend.

The overall advice on this stock is - if you're looking for a relatively safe investment in tech stocks for this year, Apple certainly looks the way to go. It's a huge name in the technology industry, so you won't have to worry about investing in a company that's quite obscure - something that novice investors often worry about. It also has a proven record of success. While there's no such thing as a foolproof investment, you can be fairly convinced that you'll experience no severe losses with an investment in Apple stocks.

Snap

One company that has risen from nothing to a top tech stock over the course of a single year is Snap. While it may not be as big a name as Apple, it's certainly becoming a better-known brand. Ask any teenager about Snapchat and they'll know just what you're talking about.

Investors who know a little more about the markets may be wary of investing in Snap stocks due to their somewhat checkered history. At the start of 2019, this company was a laughing stock, with its Snapchat platform failing to function on Android devices. As a result, its stock entered last year at under $6 a share, but amazingly, it entered 2020 at over $16 per share thanks to the company's impressive progress.

Over the past few months, Snap has pulled out all the stops to impress the general public. With an updated Android app version, talks with major record labels to find new ways to allow its users to enjoy music, and the launch of "Snap Originals", as well as partnerships with two highly-recognizable brands - Coca-Cola and McDonald's - Snap's progress was stellar over 2019 which makes it a great choice for investment this year.

Wix

Wix is a web building company that specializes in helping companies to create innovative, creative and effective business websites. As one of the biggest names in this sector, it isn't too surprising that its stock is on this list of the most recommended tech investments for 2020.

Investors have shown considerable excitement recently about Wix stock, with its shares up by 24% to date. The web builder's business has grown rapidly and consistently over the past few years. Today, anyone creating a website who is wondering what to look for in a multilingual builder need look no further than this reliable company that specializes in offering effective web building software to suit all needs. In the third quarter, the brand's revenue was up by 26% compared with the previous year's figures while Wix's user base is expanding rapidly. During 2019's third quarter, the company increased its registered users by 5.5 million and added an impressive 114,000 premium subscriptions, so it isn't too surprising that Wix is a stock to invest in for 2020.

Making Your Investment

These are just three of the most recommended tech stocks for you to consider investing in for 2020. Of course, it isn't always easy to determine which tech stocks to invest in at any time since technology is changing at such a fast pace at the moment. However, the three suggested stocks here should be good bets for your investment portfolio. Whether you like the idea of an up-and-coming platform or a well-established brand name with an impressive pedigree, you've got a great chance of profiting from these investments.

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