The competition in the tech markets is heating up. This week saw a massive influx of earnings reports from tech giants. Here are the big cap tech stocks you should watch out
Google Inc (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN) are the stocks to buy and Microsoft Corporation (NASDAQ:MSFT) stock should be sold, according to the experts.
In a program on CNBC, experts said that a big rally is brewing up for Google Inc (NASDAQ:GOOGL). The company will make a strong comeback. Its current stock position is also good. Google Inc (NASDAQ:GOOGL) is making some steady moves in the mobile space, the key area which will define the fate of the companies in the coming years. Google Inc (NASDAQ:GOOGL) recently launched its wireless service which is going to disrupt the carrier service industry in the US. The search engine titan has also revamped its algorithm to favor the mobile websites. These steps are late but better than never.
The other tech stock to buy is Amazon.com, Inc. (NASDAQ:AMZN). An expert said that Amazon.com, Inc. (NASDAQ:AMZN) finally revealed the figures everybody wanted to see desperately. It has shown a massive topline growth and pretty good margins. Amazon.com, Inc. (NASDAQ:AMZN)’s Cloud business is also steady for years. Amazon.com, Inc. (NASDAQ:AMZN) is a good stock because there is very scarce threat to it as far as the Enterprise is concerned. Its competitors like Microsoft are targeting the startups and low end of the market and AWS is continuing to boom.
Experts said that you should not buy Microsoft Corporation (NASDAQ:MSFT) because the stock is not showing any improvement. An expert said that Microsoft Corporation (NASDAQ:MSFT)’s Cloud growth is not astounding and in the presence of competitors like Amazon.com, Inc. (NASDAQ:AMZN), it could tumble more.
David Tepper’s Appaloosa Management Lp owns around 600,000 Google Inc (NASDAQ:GOOGL) shares.
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