Bring in the New Year with the These 5 Technology Stocks

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The start of a new year inspires and motivates us all to make improvements in our lives. We join the gym and stock our kitchens with healthy foods, declutter our homes, and set new goals at work.

But have you considered creating or refreshing your finances and investment portfolio as part of your 2019 goals?

Whether you’re a novice investor or consider yourself a pro, tech stocks may be calling your name this year. While high-interest rates may have hit high-tech stocks, experts say there’s no need to worry. There are differences between now and 2001, and another tech market crash isn’t likely.

Are you ready to invest but aren’t sure which technology stocks are worth it? We have some information to help you get started. Read on for a list of five tech stocks to consider for your 2019 investment portfolio.

1. Amazon (AMZN) – One of the Best Technology Stocks for Long Term Growth

Amazon has been experiencing huge gains for years. And while it experienced a setback in October – falling 25 percent – experts know Amazon is still great for long term investments. There may be some short-term volatility, but this is still one of the best stocks to add to your personal investment plan in 2019.

Amazon has made great changes that show it’s investing in long-term growth. The company has two new HQ2 locations in progress – one in Virginia and one in New York. They plan to add 25,000 high-level jobs for each location.

Amazon has also invested in AI (artificial intelligence) competencies, which can be a big draw for tech investors. There’s also Amazon Web Services, which is no longer foregoing profits and saw great growth in 2018. There’s a lot on the horizon for Amazon, so you should consider investing in stock this year.

2. Alphabet (GOOG, GOOGL) – Google’s Parent Company Has Much on the Horizon Beyond Ad Growth

Alphabet is the parent company of Google, so it’s one of the biggest players in the technology space. And while other tech companies experienced some choppiness in the market last year, Alphabet was immune. In fact, the company’s earnings surpassed Wall Street expectations throughout 2018.

Like Amazon, Alphabet has made substantial investments in AI. Google even has a self-driving car unit called Waymo, which has reached 10 million miles of autonomous vehicle driving. Google will also continue to focus on ad growth, traffic acquisition costs (TAC), and the Cloud.

Sales of Google Home – the smart speaker – may also boost stocks throughout the year, especially during the holidays. Current 12-month price predictions show a median 24.66% increase. Alphabet is a technology stock you don’t want to miss out on.

3. Nvidia (NVDA) – The Company Poised for a 2019 Comeback

Nvidia experienced some setbacks last year, but they seem to have been short-lived. Much of the loss was a result of the cryptocurrency bust. But don’t let its association with cryptocurrency deter you – this is a company that be may be worth adding to your 2019 portfolio.

Nvidia is a top player in AI, for both gaming and autonomous vehicles. It also has a new AI Robotics Research Lab in Seattle, where it will continue to work on home robotics products. This includes a partnership project with IKEA for a robot designed to help in the kitchen.

The company has also recently formed a new partnership with Google. This partnership is focused on robotics and smart-home technology. With great partnerships and new innovations, Nvidia should be on your list of tech stocks to vet for your portfolio.

4. Apple (AAPL) – A Valuable Stock Portfolio Addition for Risk Management

Apple is one of the biggest companies in the world, but that’s not why we’ve put it on our list. In fact, Apple was trading down last quarter. Experts think this was because of threats of tariffs and the fact that the company didn’t share individual iPhone sales data.

Still, Apple is huge and is one of the most successful companies in the tech market. Stock in Apple has long-term survival and can help diversify your portfolio. Plus, there’s a lot of promise for innovation within the company over the next few years.

The year 2025 will bring the 18-year anniversary of the first iPhone, meaning we’ll have the first real “iPhone generation.” Apple could use data and AI to create a hyper-customized network of products. With so much possible in the future, Apple is one of the best tech stocks to invest in for the long-term payoff.

5. Baidu (BIDU) – A Chinese Company Worth Buying Stock In

If you’re new to tech stocks, Baidu may not be a familiar name. Baidu is commonly known as the “Google of China” inside the industry and was once a favorite on Wall Street. Like others, on our list, Baidu didn’t have a great 2018, but there’s promise for a better 2019 and beyond.

Known for its Asian search engine, Baidu has invested in many other projects as well. Matching a common theme in our list, Baidu is another player in the AI and autonomous driving market. Volvo has chosen Baidu’s autonomous driving software for use in its upcoming fleet of Chinese robotaxis.

The company also has a majority stake in iQiyi, a Chinese streaming video company. There’s also the virtual assistant install bass, which doubled over six months last year. Don’t overlook Baidu when you’re planning your 2019 stock investments.

Looking for More Investment Guidance?

We hope you found some great ideas for your 2019 investment plans. But there’s so much more to learn about technology stocks and investments in general. Investing in tech stocks can be overwhelming, even for those who have experience in the market.

We’re proud to be a premier source for information and advice on all things investing. If you’ve got a question, we likely have an answer that can help. We have a wealth of articles on investing, including tips on investing in blockchain and how to capitalize on spinoff stocks.

We also have information on financial planning outside of investments. Get advice about saving money and paying off debt or tips to afford a university education. Browse our blog to explore more articles.

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