From the Focused Stock Trader
2015 was a great year for the technology sector. In fact, technology stocks outperformed the stock market in 2015, far outpacing the results of the S&P 500 stock index. Tech leaders Apple, Microsoft, and Alphabet recently released impressive earnings reports and their stocks have risen accordingly. Every investor has their preferred strategy, whether it's income investing, growth investing or alternative strategies. The below tech stocks are strong contenders when it comes to the best technology stocks to invest in for 2016 and beyond.
Apple Inc. (NASDAQ:AAPL)
Apple's stock has seen excellent growth over the past few months, topping out at a high of $134.54 per share. But nothing lasts forever in the world of stocks and Apple shares are now down. Tech analysts have announced that the smartphone market is ready to decline. Due to this, many investors are forecasting a troubled 2016 for Apple and have begun to sell. However, this is a great opportunity for long-term investors to grab some shares of this tech giant at an excellent price.
Microsoft Corp. (NASADAQ:MSFT)
Microsoft got its groove back in 2015 and its stock is currently up about 14%. Microsoft has spent the past few years shifting its focus to providing hybrid solutions that integrate both cloud computing and on-premise software. The great news for investors is that the results are coming in quicker than expected in the form of both improvements in their product line and rising stock prices. If this trend continues for Microsoft, they will definitely be one of the best stocks to invest in for the new year.
Alphabet, the parent company of Google, had a phenomenal year. In fact, analysts and investors alike have praised it as one of the best technology stocks of the year. Alphabet delivered over $18 billion in revenue during the third quarter of 2015 in addition to a whopping year-over-year increase of 13%. There's no doubt Alphabet is the epitome of the best technology stocks to invest in.
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