The tech market is a mega-industry with potential investment options in 2021.
In 2021, things have kick stared with a much positive environment compared to last year. The inauguration of the 46th US President, Joe Biden has brought hope for the stock market. The tech stocks were responsible for most of the market gains.
The digital revolution has been the main reason why tech stocks have caught attention in the past few years. And, in the time of the pandemic, their significance has increased even more. In today’s world, every company is somehow linked with technology. So, the importance of technology is immense, with more networking turning to online networking—using various tech services.
Let’s have a look at the three best tech stocks for buy in the nearfuture.
Netflix (NFLX) has been one of the standout tech stocks in the market. The growth of subscription-based content platform has enormously spiked in the COVID era. The company was on a constant growth prior to the beginning of the pandemic, as well.
In the past month, Netflix surpassed 203 million subscribers worldwide, continuing the dominating first spot among its counterparts. The company has always highlighted the strength of its network and increasing viewers.
Netflix is back with its production and new shows that have recently got attention. One of them is The Queen’s Gambit, The Crown, and Tiger King. With the start of 2021, the streaming giant has revealed its collaboration with Shonda Rhimes—a popular figure known for Grey’s Anatomy and Scandal, to name a few.
In particular, the new show Bridgerton has become the biggest series hit ever on Netflix. The company reported that more than 82 million people watched the series in the first 28 days. Things don’t stop here. Bridgerton was hit everywhere it was released, making it to the top 10 list in every country where it debuted, excluding Japan.
With Netflix’s revival with its original’s recently, the company sees good times ahead with new production underway. So, Netflix (NFLX) is one of the tech stocks to go with this year.
The online payments titan, PayPal (PYPL) has recently got attention due to its adoption of cryptocurrencies. 2020 was a transformative year for the company—diversifying its ecosystem with Bitcoin adoption.
The company recorded a record number of new users with a jump in online commerce during the pandemic. Reportedly, PayPal added nearly 72 million new users, including a notable increase in its total payment volume during the past 12-months. The rapid increase in payment volume was driven by the option to buy and hold cryptocurrencies such as Bitcoin, Ethereum, etc.
PayPal is an easy to use and very convenient platform for payments. The company has secured its position to lead the digital payment world—in the coming years. The CEO of PayPal, Dan Schulman on the Q4 earnings call said that they released more products and services in 2020 compared to prior years, and will up the pace in 2021. So, PayPal (PYPL) is another interesting stock that is a potential opportunity for investors.
Oracle Corp. (ORCL)
Oracle Corp. (ORCL) another prominent tech stock that soared up to 1.4% in Jan. 2021. The company is one of the pioneers of database technology and through various acquisitions, it has built numerous tech niches.
Oracle is working across different cloud-based solutions and fulfill the need of the hour. Recently, the company announced its partnership with Mastercard to launch an automated, end-to-end solution to support financial services and governments.
The new solution would be created to help the institutions through swift and real-time payment methods such as Mastercard Send and Prepaid Solutions. This would lower the resistance that is caused by the uneconomic distress due to the pandemic.
So, we have these three top-rated companies that have an edge in the market as we head forward.