Five Best Tech Stocks to look out for in 2021
February 22, 2021 (Investorideas.com Newswire) There is always excitement in the technology sector. People love new devices, and software developers are constantly creating. The stock market reflects this trend in society. With so many companies out there, what are the best tech stocks to look out for?
We are going to take a look at five tech stocks that are doing well right now. Even if you don't like these stocks, you can use them as a parameter when checking out their competition.
Nano Dimension makes customized electronic components on demand. Their products are used in items from kids toys to military technology. They manufacture circuit boards, transistors, resistors, antennas and things of that nature. They also sell 3D printers and software that can produce these items.
Within the last six months, Nano Dimension's stock went from $1.50 to over $15. Their market cap is at 3.2 billion dollars right now. It's a good idea to keep an eye on this stock.
Xerox Holdings Corp
Xerox is in the business of printing. They sell printers, scanners, and machines that are needed in the graphic design industry. Xerox was founded in Rochester, NY, and they have been around for over 100 years. Businesses all around the world use their products.
When Covid-19 shut the United States down, Xerox's stock price went down. Right now, their activity is trending upward. At their historical peak, their stock was over $150. Within the last five years, they have been trending around $25 to $45.
NCR is in the money and technology business. They have been around since the 1800's. They make things like ATMs, cash registers, and point-of-sale terminals. They also process online payments.
Within the last six month, their stock rose from $20 to $35. As the economy starts picking up, NCR should move up as more payments are being processed.
Shopify was founded in 2006 in Ontario, Canada. This company provides an all-in-one solution for online businesses. Services like payment options and processing, product sourcing and marketing are a few things that Shopify provides for their customers.
With more businesses opening online, Shopify is thriving. Within the last six months, their stock went from under $1,100 to almost $1,500. At the beginning of 2020, their stock price was around $400, which has quadrupled since.
CrowdStrike was founded 10 years ago in 2011. They are based in the heart of Silicon Valley in the town of Sunnyvale, California. CrowdStrike is a cyber-security company that has worked on some high-profile cyber crimes since their inception.
Within the last six month, their stock rose from around $100 to around $240. A year ago, their stock was at $30. Between the success of their high-profile cases and online activity moving upward, CrowdStrike should have a bright future.
Tech stocks can blow up in a short period of time. The technology sector is very volatile, which can be a good thing for investors who do their homework.
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