3 Top Tech Stocks To Buy In August The Globe And Mail
ASML has a technological monopoly on a crucial type of chipmaking equipment. CrowdStrike’s cloud-native cybersecurity platform is still expanding. ServiceNow will profit from the growth of the cloud and AI markets. August generally isn't considered the best time to buy stocks. It lands between May, when many investors "sell in May and go away," and September, which has historically had a pattern of being the worst month of the year for stocks. But the market's common summer swoons -- which can largely be attributed to the behavioral biases of investors -- shouldn't matter to long-term investors.
After all, the S&P 500 has still delivered an average annualized return of about 10% since its inception in 1957. So if you don't mind a little near-term volatility, August can still be a great time to add to your portfolio, and ASML(NASDAQ: ASML), CrowdStrike (NASDAQ: CRWD), and ServiceNow(NYSE: NOW) are three great tech... InvestorPlace - Stock Market News, Stock Advice & Trading Tips The tech sector remains a driving force in the global economy, consistently pushing boundaries and shaping the future. So far, in 2024, the sector has experienced a rollercoaster ride. While some companies soared to new highs earlier in the year, recent weeks have witnessed a period of consolidation and correction.
The most recent panic selling in early August has created a unique environment for many investors. These market fluctuations present compelling buying opportunities, especially among tech stocks. Understandably, we must ask which tech stocks are best positioned to capitalize on a potential next bull market. This August edition highlights three compelling tech stocks that could become winners in the next bull market. The current landscape, characterized by risks and rewards, is ripe for strategic investment. Here are three tech stocks to buy now for the next bull market.
We start today’s discussion with Genpact (NYSE:G), a stock to consider for the next bull market. The professional services firm offers business and technology services and serves diverse industries such as banking, healthcare and consumer goods in more than 30 countries. Written by John Ballard for The Motley Fool-> Investors looking for lucrative opportunities in the stock market are looking in the right corner. Tech stocks have significantly outperformed the broader market in recent years. For example, the Technology Select Sector SPDR ETF has nearly doubled the return of the S&P 500 since 2019.
Here are two stocks with near-term growth catalysts that you should buy right now. Dell Technologies (NYSE: DELL) is widely known as a PC brand, but it's also a supplier of storage, networking, and artificial intelligence (AI) solutions for data centers. Strong demand for AI servers has fueled Dell's business this year and sent the stock to new highs. The momentum in Dell's server business makes the stock a compelling buy right now after the recent pullback. Dell is still dependent on a sluggish PC market, where its client solutions group posted flat revenue growth in the fiscal first quarter of 2025, ended May 3. This business makes up most of Dell's total revenue, but its infrastructure group, including servers, saw a robust 22% year-over-year increase, which lifted the company's total revenue 6% to $22 billion.
Dell's strong backlog of AI server orders suggests it is just getting started on this opportunity. The order backlog increased approximately 31% over the previous quarter to $3.8 billion, which shows AI servers quickly scaling into a significant revenue contributor. My top technology stock to buy in August is Alphabet(NASDAQ: GOOGL)(NASDAQ: GOOG). The advertising giant is weathering macroeconomic storms relatively well and is selling at its lowest price in nearly a decade. Alphabet is home to some dominant business segments, including Google Search and YouTube. Moreover, Alphabet serves a total addressable market approaching $800 billion.
Let's look at why Alphabet is my favorite tech stock for August. Despite the macroeconomic headwinds arising from rising inflation, supply chain disruptions, and the Russian invasion of Ukraine, Alphabet's revenue increased by 13% in its fiscal second quarter, which ended on June 30. The increase was fueled by its Google Search segment, which saw sales rise to $40.7 billion in the quarter, up from $35.8 billion in the same quarter the year before. Google is the most dominant search engine in the world, with an estimated 83% market share worldwide. That level of dominance allows it to extract higher prices from advertisers interested in prominent locations for search queries. Since many purchase decisions begin with an internet search, this has been a lucrative business to capture.
It can partly explain Alphabet's revenue rising from $66 billion in 2014 to $258 billion in 2021. Another place consumers might start a purchase decision is on Alphabet's YouTube. The streaming video platform with free and paid versions boasts 1.5 billion monthly users. YouTube generated $7.3 billion in revenue from advertising alone in the quarter that ended in June. With Google Search and YouTube, Alphabet takes a meaningful share of worldwide advertising spending, which totaled $763 billion in 2021. Still, the massive market size leaves Alphabet room to expand for several years without hitting the ceiling.
Technology stocks have rallied impressively over the past month, evident from the 16% jump in the Nasdaq-100 Technology Sector index. Solid earnings reports from some of the sector's top names are probably giving investors confidence once again in tech stocks, which have otherwise taken a big beating so far in 2022. Today, we will take a closer look at three top tech stocks that are available at attractive valuations right now but have the potential to surge higher. Microsoft(NASDAQ: MSFT) released its fiscal 2022 fourth-quarter results (for the period ended June 30) on July 26. In constant currency terms, the company's revenue increased 16% year over year to $51.9 billion while adjusted earnings were up 8% to $2.23 per share. The numbers were below Wall Street's expectations of $2.29 per share and $52.4 billion in revenue on account of a poor environment for personal computer (PC) sales.
However, the company's outlook saved the day. Microsoft expects $49.75 billion in revenue in the current quarter, or a 10% increase over the prior-year period. The company also expects double-digit revenue and operating income growth for the year, which is impressive considering it's facing weaker PC sales, a drop in advertising spending, and Russia's war with Ukraine. Last quarter, Microsoft lost $400 million in revenue in the Windows as well as search and news advertising businesses due to these headwinds. But the company's outlook remains solid, given key growth drivers such as the cloud and its productivity business. This is an accepted version of this page
Lawrence Joseph Ellison (born August 17, 1944) is an American centibillionaire[2][3] businessperson and entrepreneur who co-founded the software company Oracle Corporation. He was Oracle's CEO from 1977 to 2014 and is now its CTO and executive chair. On September 10, 2025, Ellison was briefly the wealthiest person in the world, with an estimated net worth of US$393 billion. Ellison is also known for his ownership of 98 percent of the land on Lanai, the sixth-largest island in the Hawaiian Islands.[4] Ellison was born on August 17, 1944, in New York City to a Jewish mother, Florence Spellman.[5][6][7][8] His biological father was an Italian-American United States Army Air Corps pilot. After Ellison contracted pneumonia at the age of nine months, his mother gave him to her aunt and uncle for adoption.[8] He did not meet Spellman again until he was 48.[9]
Ellison moved with his adoptive parents to Chicago's South Shore, then a primarily Jewish middle-class neighborhood.[10] He remembers his adoptive mother, Lillian Spellman Ellison,[11] as warm and loving. He found his adoptive father, Louis Ellison, to be austere, unsupportive, and often distant. A government employee who had made a small fortune in Chicago real estate, only to lose it during the Great Depression, Louis had chosen his last name to honor Ellis Island, his point of... These companies are leading the way in tech, and you won't want to miss out. The tech market has been in recovery mode this year after an economic downturn caused a sell-off in 2022. Easing inflation and advances in technology, such as artificial intelligence (AI), have Wall Street particularly bullish.
As a result, now is an excellent time to consider expanding your tech holdings before it's too late. Thanks to its ever-developing nature, the tech market can be a lucrative place to invest. The sector is known for its wealth of growth stocks that can almost guarantee long-term gains. So if you're looking for a reliable way to expand your portfolio, here are three top tech stocks to buy in August. Shares of Apple (AAPL +0.88%) gained 310% since 2018, more than many of the biggest names in tech. The company attracted millions of customers with its priority on quality and its interconnected ecosystem of products.
Consumers have proven their preference for Apple's devices time and time again, most recently amid macroeconomic headwinds.
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ASML Has A Technological Monopoly On A Crucial Type Of
ASML has a technological monopoly on a crucial type of chipmaking equipment. CrowdStrike’s cloud-native cybersecurity platform is still expanding. ServiceNow will profit from the growth of the cloud and AI markets. August generally isn't considered the best time to buy stocks. It lands between May, when many investors "sell in May and go away," and September, which has historically had a pattern o...
After All, The S&P 500 Has Still Delivered An Average
After all, the S&P 500 has still delivered an average annualized return of about 10% since its inception in 1957. So if you don't mind a little near-term volatility, August can still be a great time to add to your portfolio, and ASML(NASDAQ: ASML), CrowdStrike (NASDAQ: CRWD), and ServiceNow(NYSE: NOW) are three great tech... InvestorPlace - Stock Market News, Stock Advice & Trading Tips The tech s...
The Most Recent Panic Selling In Early August Has Created
The most recent panic selling in early August has created a unique environment for many investors. These market fluctuations present compelling buying opportunities, especially among tech stocks. Understandably, we must ask which tech stocks are best positioned to capitalize on a potential next bull market. This August edition highlights three compelling tech stocks that could become winners in th...
We Start Today’s Discussion With Genpact (NYSE:G), A Stock To
We start today’s discussion with Genpact (NYSE:G), a stock to consider for the next bull market. The professional services firm offers business and technology services and serves diverse industries such as banking, healthcare and consumer goods in more than 30 countries. Written by John Ballard for The Motley Fool-> Investors looking for lucrative opportunities in the stock market are looking in t...
Here Are Two Stocks With Near-term Growth Catalysts That You
Here are two stocks with near-term growth catalysts that you should buy right now. Dell Technologies (NYSE: DELL) is widely known as a PC brand, but it's also a supplier of storage, networking, and artificial intelligence (AI) solutions for data centers. Strong demand for AI servers has fueled Dell's business this year and sent the stock to new highs. The momentum in Dell's server business makes t...