London, UK, 4 August 2021, ZEX PR WIRE – Tech stocks have thrived in the year 2021 with widespread remote work becoming necessary due to a pandemic that caused people to stay home. Stock prices for tech companies surged 43% last year as they continued their success from 2020 when there was stock market crash but it didn’t stop them like other businesses did because of what some call an industry-wide “euphoria.” The next year of tech is shaping up to be a banner one, with major players in the industry seeing their stocks soar at an unprecedented rate.
In the year 2021, the broker from Wingroup says, that we could see an increase in stocks from tech companies such as Facebook and Google (Alphabet). Although this seems like a wise investment choice, these companies are on pace to be among the lowest performers for the year due to lack of innovation. Many tech companies have relied on social media as a way for revenues but it appears that people are getting tired of the same old thing, which is why many investors could turn their attention to more innovative companies such as Uber and Lyft.
Uber and Lyft:
In contrast to Facebook and Google, these two ride sharing companies are set to become one of biggest winners for the year 2021. Their stocks have increased by a whopping 60% so far in 2016.
These companies have taken advantage of the latest trends in technology such as ride sharing services. Uber and Lyft already compete with taxi cab companies but it doesn’t stop there- they continue to add more features to their service. For example, Uber became very popular by offering rides through a mobile app, which is why so many people use this service because it is easy and convenient. Another trend that has expanded with Uber and Lyft is carpooling, which is a cheaper alternative to getting a private driver.
However, these tech stocks may not be the best option for investors who want to make money in the long-term because of their volatility. The ride sharing industry has become very competitive because other companies such as Samsung and Google have competitive services such as “Samsung Ride” and “Google Ride”, respectively.
In addition to Uber and Lyft, investors may want to look at other companies that are among the top performers this year. It’s important to keep an eye on next year’s biggest tech stocks because these could be big winners for 2021. Here are the tech stocks to buy for profits:
Facebook is a social media company that has been popular ever since it was founded in 2004. This company has become the biggest tech stock of all time with a market cap over $260 billion dollars. The CEO of FB is Mark Zuckerberg, who became one of the youngest billionaires when the company went public in 2012. Facebook’s business is based off of advertisements and as it continues to compete with other social media sites such as snapchat, investors can be sure that the companies’ popularity will continue to grow.
In the year 2021, FB could become more popular than ever especially through its new partnership with AT&T. In fact, AT&T is now paying Facebook to offer free WiFi services throughout most of its headquarters. This could increase the amount of internet users for FB and could be one of the reasons for its record-breaking stock performance.
AT&T or “ATT” is a telecommunications company based in Dallas, Texas. This company was formed in 1984 and became the 2nd largest telecommunications services provider in the world. The CEO of ATT is Randall Stephenson, who has been with the company since 2007.
AT&T is continuing to expand as it now offers a home broadband service called “U-verse”. In addition, the company also offers phone, TV, and internet services which could become more popular in the year 2021.
This company has grown at a very high rate ever since 3G technology was rolled out in 2008. In fact, ATT had its best quarter of 2016 so far with a revenue increase of 7%. Many investors are continuing to invest in AT&T because it is one of the best companies to invest in for long-term profits.
AT&T is a very strong company and with its continued expansion, this tech stock will continue to do well especially through 2021. Also, AT&T has also been able to avoid the volatility that many other companies face because of its high forecast for future earnings.
With the steady growth of technology, it is a great time to invest. It’s important for investors to keep up with the latest trends in tech so that they can find the best companies for their portfolio.
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.