Top Tech Stocks for 2018March 30th, 2018
The technology industry is fiercely competitive. The top tech companies continue in a high-stakes battle for dominance to determine which company’s platforms will triumph. We’ve produced a list (in no particular order) of the top tech company stocks of 2016, based on their projected share price appreciation.
1. Intel (INTC)Intel is an old tech company begging the question, can you teach an old company new tricks? 2018 is an exciting year for them as Intel remakes itself broader tech company moving past the chips and hardware older consumers are familiar with. From self driving cars to investment into blockchain technology, Intel is making some big moves for the next few years. Their stability over the years makes it a great investment even if it does not jump immediately - that stock is going to be a stable play for more conservative investors.
2. Priceline Group (PCLN)Known to most consumers as the travel company with Shatner, they have been making some serious plays to take more of the online travel marketplace. The most interesting development with Priceline is the acquisition of Agoda, which is the up and coming travel site for users throughout Asia. Pairing their acquisitions with the burgeoning upper middle class through Asia seeking to travel more, this stock could take flight in 2018.
3. Microsoft (MSFT)Now for a tech company that does pay dividends. Microsoft got off to a rocky start in 2016. However, with the strong growth of its cloud platform, Azure and its Surface business, Microsoft is poised for a strong year. Microsoft currently trades for about $90 per share, but for 2018 it is projected to actually drop by about -6.9%. So why are we suggesting it? The outlook for 2019 shows a major bounce back, pushing past the $125 when 2019 closes the books.
4. Baidu (BIDU)This is China’s most popular search engine, with around 70% market share. While its share price took a major dip in February 2016, it steadily increased in the following weeks. The market price of its shares fluctuate at around $200 per share. While some analysts balk at that price, suggesting that Baidu’s growth is slowing, others think its stranglehold on the enormous Chinese search market is worth $200 per share. Pair that with thier recent endeavors into utilizing blockchain technology for things outside of the cryptocurrency marketplace, this is another high priced investment that could sit well for the long run.
5. Facebook (FB)Facebook has been at the top of the social media food chain for a long time. And it doesn’t look like the social networking company will be yielding its position anytime soon. Facebook has been able to stay strong for so long, partly because it’s been acquiring new platforms like What’s App, Instagram, and virtual reality company Oculus Rift. At the time of writing, Facebook sells for around 115 dollars per share, and has the potential to finally reach the 200 dollar per share range by the year’s end.