Tech stocks are widely considered to be some of the best type of stocks to invest in. However, there are a lot of different tech companies that you can actually buy shares in, so that begs the question, which ones are the best to buy. Technology is certainly a rapidly changing industry, so if you don’t get on board with something quickly, you may miss the boat.
The best tech stocks to buy also depend on what type of investment you are looking for. Some people are just looking to ride the trends and make a quick buck, while others are looking for more long-term investments. The type of investment you want will determine which companies you invest in, i.e. new and emerging companies, or companies that are better known and established.
So, if you are looking to try your hand at stock investments and you like the idea of purchasing tech stocks, then have a read on below at some of the best tech related stocks you should consider buying in 2020:
Adobe
For a couple of years now, Adobe has been one of the best tech stocks to purchase. The company includes apps like Acrobat, Photoshop, InDesign, etc., which are really important pieces of software and is used by a significant amount of businesses as well. The stock itself is growing pretty fast, so if you have the funds, it is best to get on this stock sooner rather than later.
The Rubicon Project / Magnite
While you may not have heard of this company before and the stocks can be a little bit volatile at times, it is still certainly worth considering. This company works in the online advertising space. It has recently merged with another company called Telaria, so it is worth putting some of your money into this stock. This is the stock for you if you are looking at high risk, high reward kind of investment.
Microsoft Corp
If you are looking for more of a long term investment, then you really shouldn’t look past Microsoft. Now, that’s not to say they aren’t growing quickly, but this stock is a pretty stable one, so the risk is lower then some other tech stocks. Microsoft is probably one of the most highly recognized tech brands in the world. The company itself is expanding and making great investments, which are reflective in the growth of the stock as well.
AT&T
You have probably already heard of the communication company AT&T, it is a highly used brand. While it isn’t really growing at the same rate as some of the other tech stocks, it does pay a fairly sustainable dividend, which is worth looking into. Now would be the great time to purchase AT&T stocks because the company has taken a hit in 2020, but it is expected to bounce back.
Although being in the spotlight for the wrong reasons more recently, Facebook is still a very valuable stock that you should consider buying. Facebook is one of the biggest social media platforms in the world and it is seeing considerable growth each and every year. The company is making smart investments, like purchasing another large social media platform, Instagram, which is boosting their stock prices.
Dell Technologies
Another reasonably big player in the tech market and the shares from Dell tend to be a pretty safe bet. Dell is diversifying their portfolio, which is why it is one of the best tech stocks to buy in 2020. Dell doesn’t just make and sell computers anymore, and they have a lot of new and interesting projects on the horizon.
