Technology Stocks
MRCY Stock's Price Weakness Presents a Contrarian Opportunity The selling capitulation in the stock market in 2022 was focused on technology and growth stocks, but the negative investor sentiment led to collateral damage in the majority of other sectors. Many aviation-related stocks that were sold off from 2020…
NFLX Stock Still Demanding High Premium In 2020, with many people confined to their homes due to the COVID-19 pandemic, there was a surge in demand for goods and services such as food deliveries, exercise equipment, technological gadgets, and video streaming. On November 17, 2020, shares of video…
S Stock Could be a Winner As we move along in 2023, we face major macroeconomic uncertainties domestically and globally. This will likely result in continued volatility in the stock market for the foreseeable future, but patient investors could be rewarded. Technology stocks took a beating in 2022,…
Time to Look at Beaten-Down PAY Stock One of the hardest-hit areas of the technology stock market is the electronic payment sector. ETFMG Prime Mobile Payments ETF (NYSEARCA:IPAY) went down by about 30% in 2022 and down by about 45% from its record high, which was set in…
NET Stock Presents Opportunity to Contrarian Investors The world is in a mess right now, given the problems with Russia and the intensifying cold war with China. And that doesn’t even include domestic threats. In this environment, cyberattacks are expected to continue on business and government IT networks and…
INTT Stock Could Still Double inTEST Corporation (NASDAQ:INTT) had an excellent 2021, with its share price rallying by an impressive 178% during the first half and closing out the year up 96%. In 2022, with decades-high inflation, unprecedented interest rate hikes, fears of a looming recession, and the…
Why AYX Stock Is Attractive Right Now Continuing with our search for high-prospect technology stocks that are down significantly from their highs, Alteryx Inc (NYSE:AYX) looks compelling. As of this writing, Alteryx stock is down by 76% from its record high of $185.75, which it reached in July…
Unity Software Inc Is in a Potential $793-Billion Market Once upon a time, many years ago, the 3D technology market was all the rage. Then it stopped getting the same market interest as back then. But now, with a renewed interest in building 3D content in digital applications,…
Digital Transformation to Power DV Stock Stocks staged their best one-day performance since 2020 on November 10. On that day, some technology stocks jumped by well over 10%. This reflects what could happen when the risk-on trade resurfaces and holds. The previous selling of technology stocks has resulted…
ENS Stock Can Provide Value to Investors Technology and growth stocks continue to be in a bear market as investors shift their focus toward moneymaking companies. One tech stock that can add value to an investment portfolio and reduce risk is EnerSys (NYSE:ENS). EnerSys is a mid-cap provider…
GPN Stock's Reduced Price Presents an Opportunity Technology stocks continue to be mired in a deep bear market, with the Nasdaq down by 35% from its high and searching for support. While the sentiment is bearish and investors have rushed for the exits, there are still opportunities to…
Bullish Digital Tailwinds Expected to Boost Braze Inc's Business The risk-on trade has resurfaced, with the Nasdaq bouncing back to the 11,000 threshold following its recent retreat to just above 10,000. Even so, 66% of the Nasdaq stocks are below their 200-day moving averages, and there are plenty…
indie Semiconductor Inc Drives New Tech for Auto Sector Automotive companies, both legacy and pure-play electric vehicle (EV) companies. First it was the supply chain disruptions of semiconductor chips. Now it’s the soft demand for new vehicles as interest rates rise and consumers reduce their spending. The macroeconomic…
Navitas Semiconductor Corp Designs Chips of the Future Semiconductor stocks have taken a beating in 2022. This was driven by supply chain disruptions and demand concerns. The immediate term for semiconductor stocks will likely continue to be volatile, but there are strong tailwinds for the long term as…
Institutional Investors Love Nurix Therapeutics Inc Catherine "Cathie" Wood, the CEO of ARK Investment Management LLC, has been buying up shares of Nurix Therapeutics Inc (NASDAQ:NRIX) in every trading session since October 10. Once regarded as a visionary in terms of the next big technology innovations, Wood suffered…
GNRC Stock Bullish on Strong Industry Tailwinds While some investors shun so-called sin stocks, it would behoove them to run toward “storm stocks,” especially in light of the fierce hurricanes, record heatwaves, snowstorms, wildfires, and rolling blackouts of recent years. In September, Hurricane Fiona slammed into the Caribbean…
Allegro MicroSystems Inc Develops Microchips for Next-Gen Applications Semiconductor stocks have been battered this year. The SPDR S&P Semiconductor ETF (NYSE:XSD) has been extremely volatile in 2022, declining by 44% from $250.82 in January to $139.08 on October 13. I view microchip stocks' recent price weakness as a…
Strong Industry Tailwinds to Drive Growth for AudioCodes Ltd Current uncertainties surrounding the stock market make investing in unprofitable technology companies a risky venture. But there are solid technology growth stocks that are compelling after the recent market correction. Consider AudioCodes Ltd (NASDAQ:AUDC), a developer of "advanced voice…
Investors Can Be Optimistic About ALIT Stock Alight Inc (NASDAQ:ALIT) is a great example of when bad things happen to good stocks. Alight stock might be down by 24% year-to-date, but the company has been reporting solid quarterly results and providing robust guidance. That might be why Wall…
