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The best stocks to invest in 2021? 4 mainstream tech stocks to watch

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4 top mainstream tech stocks to watch this month

Amid soaring crude oil prices and a lackluster monthly labor report, the stock market today remains virtually unchanged. Still, investors may want to consider turning to consumer tech stocks now. After all, this part of the tech world has known and continues to grow at breakneck speed. Now, when it comes to consumer technology, the focus is on the consumer. As such, this goes for companies like fintech such as Pay Pal (NASDAQ: PYPL) and tech giants like Alphabet (NASDAQ: GOOGL) subsidiary of Google. Arguably some of the biggest names in the tech industry are involved in this business in one way or another. For this reason, the focus could be on the major mainstream tech stocks in the stock market. now.

For example, we could take a look at Visa (NYSE: V). Like many big names in the financial services industry, the company’s offerings are increasingly digital. Through its global network of payment solutions, Visa is able to process more than 65,000 transaction messages per second. Notably, the company’s latest piece is to expand its Buy Now, Pay Later (BNPL) services to Australia. In detail, Visa is partnering with ANZ, one of the region’s leading financial service providers. Overall, this is just one example of the booming consumer tech industry today. Here are four more names to watch on the stock market this month.

Best consumer tech stocks to watch today

First on this list of mainstream tech stocks, we have Amazon, a multinational conglomerate that focuses on e-commerce, artificial intelligence and digital streaming. It offers a broad portfolio of consumer-centric products and services, such as Prime, Alexa, and Kindle, among others. Considering the scale of its operations, the company is one of the largest online marketplaces in the world. On October 4, 2021, the company unveiled its Black Friday-worthy deals earlier than ever before the holiday season.

This would give customers access to incredible vacation savings across all categories. In addition to the Black Friday-worthy deals that have started, the company also unveiled the new holiday gift list to allow customers to share gift ideas for everyone in their household with relatives and friends. Impressively, the company is also investing heavily in its employees in anticipation of the holiday season.

Dave Clark, CEO of Global Consumer at Amazon, said: “Customers can shop with confidence early knowing they’re getting amazing deals starting today, giving them a head start on their vacation to-do lists so they can ‘they can really enjoy the holiday season. And I want to thank our amazing team across the world for all they do every day to support each other and our customers. I couldn’t be more proud to work with all of you.. “With that in mind, is AMZN stock worth investing in right now?

Source: TD Ameritrade CGU

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Uber Technologies Inc.

Following this we have Uber Technologies, a technology company providing services that include transit, food delivery, parcel delivery, and freight transportation. The company has a global presence and has benefited from the boom in the food delivery industry during the pandemic. With more than 100 million active platform consumers in nearly 10,000 cities in approximately 71 countries where Uber is available, the company is a titan in the delivery industry.

In August, it released its second-quarter financial results for 2021. Plunging, its gross bookings hit an all-time high of $ 21.9 billion, up 114% year-on-year. It also reported net income of $ 1.1 billion and revenue of $ 1.91 billion for the quarter. This is due to Uber’s investment in the recovery by investing in drivers and it has made great strides with monthly active drivers and couriers in the US growing by nearly 420,000 in this quarter. All things considered, should investors be on the lookout for UBER stocks?

NYSE UBERSource: TD Ameritrade CGU

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Microsoft Corporation

Microsoft is a tech titan that produces personal computers, software and other consumer electronics. He recently released his latest version of the beloved Windows operating system, Windows 11. He boldly asserts that with this new operating system a new era for the PC begins as it is packed with new features and improvements. MSFT stock has posted gains of over 38% in the past year alone.

On October 7, 2021, the company announced that it had acquired Ally.io to help revolutionize the way organizations use technology to bring deeper connections to work and results in the hybrid world. Ally.io is a leading company on Goals and Key Results (OKR) and will join the Microsoft Viva family as part of its Employee Experience (EXP) platform. EXP is designed to help businesses embrace the new digital working life. The OKR category is a rapidly growing and emerging space and Ally.io is leading the way as one of the most beloved tools in the market. Customers find the Ally.io experience flexible, easy to use with a quick time to value. For these reasons, should you consider buying MSFT shares?

NASDAQ MSFTSource: TD Ameritrade CGU

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Carré inc.

Topping our list today is Square. For the most part, this California-based fintech company has and continues to connect merchants with consumers throughout the pandemic. This would be the case because its digital payment services and comprehensive solutions are more relevant than ever. Obviously, we could take a look at the company’s latest fiscal quarter report to see it. In August, Square saw massive year-over-year increases of 143% in total revenue and 1,433% in earnings per share. With the company’s next earnings call in less than a month, could SQ stock be a top watch on the stock market now?

Well, for one thing, Jefferies (NYSE: JEF) Analyst Trevor Williams seems to think so. Yesterday Williams upgraded the SQ stock to buy odds and hit it with a price target of $ 300. That would indicate a potential rise of 21% from its current price of $ 238.49. According to the analyst, Square is considering a “long track of growth”, calling it a “must” in the current market. He cited the company’s ongoing acquisition of service provider BNPL Afterpay as a key factor for this update. Overall, Afterpay would be Square’s answer to the growing demand for BNPL services among consumers today. Ideally, as the company works to make Afterpay part of its flagship services, we could envision an exciting vacation time for Square. Would you say the same for SQ stock?

NYSE SQSource: TD Ameritrade CGU

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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