These Major Tech Stocks Have The Most Growth Potential This Year

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May 9, 2017 6:16am NASDAQ:QQQ

NASDAQ:QQQ | News, Ratings, and Charts

From Prashant Sharma: No matter what investors seek from their stocks, the tech sector has it all. Right from income and growth, to long term appreciations and burgeoning financial values, you name it, and there are alternatives available right under your nose.

So the question is, as we progress towards the middle of the year 2017, what are some of the stocks which are plowing through the tech marketplace to touch the pinnacles of success? Binary trading, stock trading and other forms of investment are quickly becoming the deal of the hour, as more and more investors are on the lookout to associate with the best.

Here are some of the tech stocks which should be on top of your radar this year.

InterDigital (IDCC)

IDCC has one of the most influential stocks in the tech industry, despite its infancy in the business sector. The Internet is all about connecting devices and people to one another. IDCC is involved in making equipment required to connect devices to one another. The growth of this company’s stock has been evident in its third quarter’s earnings, which have made IDCC one of the companies to look out for. Their revenues have more than doubled in the third quarter of 2016 vs. the same quarter of 2015.

Nvidia (NVDA)

NVDA is the leading companies in the data visualization sectors. Initially, it made high-end computer graphic cards, which became rather popular with gamers and research labs. However, it was until much later than the demand for such graphic cards surged, causing an immense hike in the stock prices of NVDA.

Since Big Data is based on the concept of visualization, it allows people to see various trends and patterns, in vast amounts of data. As technology is increasing its footprint in our lives by the day, there is no denying the fact that NVDA is just on the brink of a breakthrough, as it taps the significant opportunities’ available in the tech market currently.

Finisar (FNSR)

Finisar associated with everything related to optics; it produces optical sub systems for a variety of industries, which include products related to data centers, wireless, storage, and industrial businesses. FNSR overrides the other companies in the same domain by around 50%, which gives the company a higher status as compared to its competitors.

Intel Corp (INTC)

Being one of the most prominent tech companies, Intel Corp is making the news in 2017 for all the right reasons. In the year 2015, the giant tech company made $12 billion as gross profits, while paying its investors’ a huge dividend of $4.6 billion. With such high profits year on year, the trends are sure to continue into the future. All one needs to do is be on the lookout and enjoy being the best, only with Intel Corp.

Microsoft Corp (MSFT)

Who has not heard about Microsoft? It might be Bill Gate’s brainchild, but it has undoubtedly put the tech community in the limelight. In 2017 itself, Microsoft Azure is ranking second to Amazon Web as a Cloud service provider, and its revenue has grown over 116 percent since last quarter. To top that, MSFT paid a dividend of 2.5% last year along with a gross profit of $14.8 billion.

As these tech companies grow, so will the profit sharing opportunities’ for the investors. With the advent of 2017, there is a lot to look forward to, especially with respect to the stock pricing and the returns on investment.

The PowerShares QQQ ETF (NASDAQ:QQQ) rose $0.04 (+0.03%) in premarket trading Tuesday. Year-to-date, QQQ has gained 16.34%, versus a 7.22% rise in the benchmark S&P 500 index during the same period.

QQQ currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 33 ETFs in the Large Cap Growth ETFs category.

Editorial Disclosure: InvestingHaven does not guarantee the accuracy or thoroughness of the information reported in contributed article. The opinions expressed in these interviews do not reflect the opinions of InvestingHaven and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

This article is brought to you courtesy of Investing Haven.

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