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5 consumer tech stocks to watch in the stock market today
with Stock Market Today/Strong> Seemingly downtrend, investors may be looking for stocks with pricing power. So this is where the top consumer tech stocks come into play. After all, these are companies that are constantly upgrading and optimizing their cutting-edge devices. Then there is always another bigger and better version of existing technology that consumers will consider coming around the corner. Decisiveness is a factor to consider when investing in this sector.
moreover, netflix (NASDAQ: NFLX) as well. The streaming giant is looking to raise prices in the US and Canada this year, but consumers may still turn to Netflix. , which has already cut cable TV packages, so this could be the case.
Needless to say, there is no shortage of exciting news in the world of consumer technology. By and large, large acquisitions are taking place all the time. take two (NASDAQ: TTWO) $12.7 billion Zinga (NASDAQ: ZNGA) to be acquired Microsoft’s Just look at the latest $68.7 billion play. With all this activity in this section of the stock market right now, should I keep an eye on these consumer tech stocks?
Top consumer tech stocks to buy [Or Sell] this week
microsoft
first, microsoftis a multinational technology company that manufactures both computer software and consumer electronics. In particular, it is best known for the Microsoft Windows operating system, used by billions of people worldwide. The company’s Xbox video game console is also loved by millions and continues to be at the forefront of the gaming industry. MSFT’s stock is currently trading at $310.33 as of 12:54pm ET, up more than 40% over the past year.Yesterday, the company announced that it would acquire activision blizzard (Nasdaq: ATVI).
This acquisition will help accelerate the growth of Microsoft’s gaming business across multiple platforms. Additionally, it provides the building blocks for your company as it ventures into the metaverse. Microsoft will acquire Activision for $95 per share in an all-cash transaction worth $68.7 billion. Once the deal is completed, the company will become the third largest gaming company by revenue. The acquisition also includes well-known titles such as Warcraft, Diablo and Overwatch. “Games are the most dynamic and exciting category of entertainment on all platforms today and will play a key role in the development of the Metaverse platform.” Satya Nadella, Chairman and CEO of Microsoft, said: Is MSFT stock a buy given this news?
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Shopify Inc.
Shopify is a multinational e-commerce company headquartered in Ontario, Canada. The company’s global commerce business continues to show growth prospects. This is because there is a growing set of tools and features that enable merchants of all sizes to sell to anyone, anywhere. There is also the advantage of data, with tens of billions of interactions accumulated over the years being leveraged by machine learning. As of 12:55 PM ET, SHOP stock is currently trading at $1,088.69.
The company recently partnered with the e-commerce giant JD.com (NASDAQ: JD) helps US merchants sell goods in the world’s second largest economy. This is impressive news for Shopify as it strengthens its expansion into China, and another step in JD’s internationalization efforts. The companies will also work together to simplify access and compliance for Chinese brands and merchants looking to expand into international markets. With that said, is SHOP stock worth buying today?
Samsung Electronics
samsung is a consumer technology company that manufactures and sells electronic products. It always strives to reinvent the future. In particular, he continues to develop next-generation products to help users around the world run his IT solutions smoothly. From his flagship Samsung Galaxy smartphone to a wide range of consumer electronics, the company is a giant in the consumer tech space.
Yesterday, the company announced a partnership AMD (NASDAQ: AMD) turns mobile chips. In detail, we introduced the first mobile processors with AMD graphics. This comes as the company tries to compete with competitors such as his Apple. Dubbed the Exynos 2200, it features a newly designed mobile processor with a powerful AMD RDNA 2 architecture-based GPU.
This new chip enables the ultimate gaming experience on your phone and enhances the overall experience of social media apps and photography. All things considered, is SSNLF stock worth investing in now?
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Block Co., Ltd.
block Or formerly Square, is a financial services and digital payments company. Consisting of several entities such as Square, Cash App, Spiral and Tidal, we continue to build tools to make the economy accessible to more people. For example, the Square app helps sellers run and grow their businesses with an integrated ecosystem of commerce solutions. Cash App, on the other hand, allows users to easily send money, spend money, and invest in stocks and cryptocurrencies. SQ shares are currently trading at $130.71 as of 12:56 PM ET.
Last week it was reported that Block plans to build a system for Bitcoin mining. Block’s general manager of hardware, Thomas Templeton, explained the company’s mining plans in a series of tweets. The company plans to make Bitcoin mining more decentralized and efficient in all aspects, from purchase to setup, maintenance and mining. Block is also open to creating new ASICs, the specialized gear used to mine Bitcoin. After reading all of this, do you think SQ stock is the top consumer tech stock to know about?
Visa Co., Ltd.
Another name to consider among today’s consumer technology companies is: visaOverall, most people are familiar with the company’s wide range of financial services. Most prominent in this modern era are fintech solutions. Visa cards allow consumers to make electronic money transfers around the world. In particular, the company’s state-of-the-art global processing network, VisaNet, allows him to process over 65,000 transaction messages per second. As it stands, V shares are currently trading at $217.52 as of 12:57 PM ET.
More importantly, thanks to an announcement from e-commerce goliath. Amazon (NASDAQ: AMZN) Investors may be eyeing V stocks this week. To explain this, Amazon is suspending its original plan to stop accepting Visa credit cards from UK consumers. This means that Amazon shoppers in the UK can continue to use their Visa cards after January 19th. Overall, this benefits both Visa and Amazon. This is obvious given the scale of each operation. So do you think V shares are currently the best buy in your book?
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The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
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