FinancialCentre Broker Gives The Top Ranked and Top Performing Tech Stocks For January 2020


London, UK, 5th Feb 2022, Binary News Network, Tech stocks in January 2022 are up, according to a report from New York-based investment and brokerage firm SeeThruEquity.

According to the broker of FinancialCentre Michael Lisowsky, The top performing tech stocks in 2022 were:

1. Nestor Inc (CSE: NSR)

2. CEC Entertainment Inc (NASDAQ: CEC)

3. Netflix plc (NASDAQ: NFLX)

4. Facebook, Inc (NASDAQ: FB)

5. Roku, Inc (NASDAQ: ROKU)

6. eBay Inc Class A Common Stock (NASDAQGS: EBAY)

1. Nestor Inc (CSE: NSR)

In 2022 Nestor Inc (CSE: NSR) is fourth-largest global provider of online social networks, behind only Facebook Inc (NASDAQ: FB), Google Inc Alphabet Class A Common Stock (NASDAQGS: GOOG) and Twitter Inc.

Nestor’s revenue in 2022 for the full year was USD $2,076mn, up from $429 million in 2019. Its net loss was at USD -$248 million compared to a loss of USD -$364 million in 2019. The company has recently acquired Acrodea and its Instagram competitor Instagram in Q1 2022.

New technologies such as Augmented Reality and Virtual Reality have contributed to Nestor’s growth and development into a major network provider.

2. CEC Entertainment Inc (NASDAQ: CEC):

CEC Entertainment Inc (NASDAQ: CEC) has risen to become one of the top 10 global providers in the entertainment industry after a series of acquisitions.

In 2022, CEC Entertainment Inc (NASDAQ: CEC) is estimated to enjoy revenue of $3.2 billion and an adjusted net income of USD $200 million, putting it at number 8 on the SeeThruEquity list for 2022.

Earlier this year in March 2018, CEC acquired Dreamscape and AMC Entertainment Holdings Inc (NYSE:AMC), making it one of the largest entertainment companies in North America.

Dreamscape is only behind Disney’s The Magic Kingdom in terms of ticket sales and annual attendance worldwide its 20+ properties globally including the United Kingdom, Germany and Japan.

3. Netflix Inc. (NASDAQ: NFLX)

Netflix Inc. (NASDAQ: NFLX), the world’s leading streaming entertainment company has seen a rise to fame in 2022 after a series of acquisitions and international expansion has made it one of the biggest providers in the industry, alongside Google Inc Alphabet Class A Common Stock (NASDAQGS: GOOG)’s YouTube Red and Apples iTunes service. In 2022 Netflix Inc. (NASDAQ: NFLX) is 5th largest media provider with huge hits such as Stranger Things Season 2 being its most popular content according to IMDB ratings that year with an 11-star rating on the site.

In 2017 Netflix reported revenue of $11.7 billion, up from $9.3 Billion the year before and a net income of USD $290 million for 2017 after one of its international expansion plans allowed it to add 31 new countries this year alone making it an international player.

4. Facebook Inc (NASDAQ: FB)

Facebook Inc (NASDAQ: FB), is second only to Google in 2022, having bought out YouTube competitor Vine and WhatsApp earlier in the 2020s and adding them into its social media empire that now has close to 2 billion users per month by 2021 according to data provided by the company.

The company’s latest developments include Augmented Reality technology which allows users to upload real-life footage alongside their posts on Facebook with hashtags or stickers added on top of the footage to give it an extra dimension or feature. The long-term intention is to allow users, especially younger ones who are less interested in traditional social media platforms such as Facebook Inc (NASDAQ: FB), to upload their own Vines and post them onto Facebook according to their preference.

5. Roku Inc (NASDAQ: ROKU)

Roku Inc (NASDAQ: ROKU) has risen into becoming one of the most influential tech companies alongside Google, Apple, and eBay Inc Class A Common Stock (NASDAQGS: EBAY).

The company’s total revenue for 2022 is estimated at USD $3 billion, up from $1.6 billion in 2019 with a net income of USD $129 million in 2019.

Roku Inc (NASDAQ: ROKU)’s strategy of focusing on hardware and software that connects people to the internet including TV’s, Smartphones and other gadgets has paid off immensely according to research data by eMarketer Inc. The company also has plans for an IPO in 2020 which will allow investors to easily invest in Roku Inc (NASDAQ: ROKU).

6. eBay Inc Class A Common Stock (NASDAQGS: EBAY)

eBay Inc Class A Common Stock (NASDAQGS: EBAY) is another platform like Amazon that has diversified into numerous sectors within the online market space. According to Ebay’s Annual Report filed with SEC in 2020, the company has a market capitalization of USD $120 billion and continues to grow even though it is not as well-known in 2022 as large companies such as Facebook Inc (NASDAQ: FB) and Google. In 2023 eBay Inc Class A Common Stock (NASDAQGS: EBAY) hopes to change that through its acquisition strategy which included the purchase of Verizon Communications Inc Class C stock (NYSE: VZ)’s mobile phone division in August 2019 for USD $9 billion in cash.

Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.