Technology Stocks

Dye & Durham (TSX: DND) stock a buy as it revises Link takeover offer?

 Dye & Durham (TSX: DND) stock a buy as it revises Link takeover offer?

Investors can explore Dye & Durham (TSX: DND) for the long term as this tech company saw revenue growth in its latest quarter and continues to pursue its acquisition strategies despite the current market conditions.

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5 top TSX cybersecurity stocks to buy as Canada tables bill

5 top TSX cybersecurity stocks to buy as Canada tables bill

Highlights In Canada, a bill called Act Respecting Cyber Security was introduced on June 14. Cybersecurity is essential as the world relies on computers, cloud services and mobile phones. Canada has a variety of cybersecurity stocks to offer t...

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Is BlackBerry a better investment than other meme stocks?

Is BlackBerry a better investment than other meme stocks?

Highlights Meme stocks are recognised for being highly volatile and speculative. Some analysts believe that BlackBerry might become a cybersecurity industry leader. BlackBerry was selected to power an intelligent cockpit for Renault's EV. ...

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Shopify (SHOP) shareholders give CEO Lutke 40% voting stake: Source

Shopify (SHOP) shareholders give CEO Lutke 40% voting stake: Source

  • June 08, 2022 10:18 AM EDT
  • Reuters

Shareholders of Shopify Inc (TSX: SHOP) on Tuesday voted in favor of protecting Chief Executive Officer Tobias Lutke's 40% voting stake, a source told Reuters, citing preliminary results from the e-commerce firm's annual shareholder meeting. The...

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3 TSX tech stocks to buy on the dip as sector slips 35% YTD

3 TSX tech stocks to buy on the dip as sector slips 35% YTD

The Canadian technology sector has declined rapidly since the start of 2022. The S&P/TSX Capped Information Technology Index has declined by 35.6 per cent year-to-date (YTD) and 1.5 per cent month-to-date (MTD). Also Read: 5 top TSXV clean tec...

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Google to pay Australian politician A$715,000 over defamatory YouTube videos

Google to pay Australian politician A$715,000 over defamatory YouTube videos

  • June 06, 2022 12:27 PM AEST
  • Reuters

SYDNEY: An Australian court ordered Google to pay A$715,000 ($515,000) to a former senior lawmaker on Monday after finding that a YouTube commentator's "relentless, racist, vilificatory, abusive and defamatory campaign" drove him to quit politic...

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BB, VQS, TCS, ABST & MDF: 5 technology stocks for June 2022

BB, VQS, TCS, ABST & MDF: 5 technology stocks for June 2022

On Friday, May 27, the S&P/TSX Capped Information Technology Index gained 2.36 per cent. Month-to-date (MTD), it was in the red by 2.91 per cent. The technology sector is having a bad year, so far. Tech stocks can be growth stocks but factors ...

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Lightspeed (LSPD) vs Shopify: Here's what stock performance suggests

Lightspeed (LSPD) vs Shopify: Here's what stock performance suggests

Highlights On May 26, the LSPD stock climbed 10.7 per cent during the trading session and closed at C$ 31.85 per share. As per Refinitiv data, the LSPD stock surged 15.3% in the last 30 days. In Q4 2022, Lightspeed's total revenue increased by...

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VMware & Broadcom stocks soar on acquisition plans: What you must know

VMware & Broadcom stocks soar on acquisition plans: What you must know

Highlights Broadcom (NASDAQ: AVGO, AVGO: US) has announced its plans to buy VMware (NYSE: VMW, VMW: US). In addition, Broadcom and VMware also delivered their latest quarter results on May 26. According to the deal, the chipmaker will also ass...

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MVY, PRSN, DAC: 3 Canadian social media stocks to buy instead of Snap?

MVY, PRSN, DAC: 3 Canadian social media stocks to buy instead of Snap?

Highlights Stocks of Snap Inc (NYSE: SNAP, SNAP: US) plummeted by about 43 per cent on Tuesday, May 24. Other social media giants like Twitter, Meta, and Alphabet also fell in the tech sector. Datable Technology saw a surge of 79 per cent year...

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TOI, VXTR & QUIS: 3 TSXV tech stocks to watch for future gains

TOI, VXTR & QUIS: 3 TSXV tech stocks to watch for future gains

Highlights The Canadian technology sector continues to lag behind other sectors, with the S&P/ TSX Capped Information Technology Index plummeting by over 35 per cent YTD These TSXV stocks recorded growing revenue in their latest quarter and...

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Frequently Asked Questions

Tech stocks are arguably one of the most popular worldwide. One reason is the way they penetrate the daily lives of people. E-commerce, smartphones, and software are relied upon by nearly everyone, individuals or companies. But these factors may not mean that all technology stocks make for a good investment. Fundamentals like products and services, market share and dominance, and profit-making ability matter a lot. An investor must pay heed to the profit-making model of the company before investing in the stock.

It may be said that no time is arguably a bad time to dive into tech stocks. The reason is the sector has yet to mature. There are a lot of new developments, for example, tech giant Meta's focus on the potential of the virtual reality space. It may be a good idea to first look at what the company, which the stock represents on the exchange, is planning to do in the near-to-medium term. If there appears a chance that there would be demand for its products and/or services, it may be the right time to consider the stock.

The S&P/TSX Capped Information Technology Index took a bit of a beating earlier this year and is still in the red by nearly 20 per cent year-to-date. However, on March 28 it had risen 1.79 per cent, despite the TSX Composite Index closing in the red, and it is in the green month-to-date. It might seem that it is on the rebound. Stocks vary from time to time based on market conditions, but as of writing this, the stocks that made for an interesting watch as below: Shopify (TSX:SHOP) is generally one the TSX technology index’s biggest stock by market capitalization. It was among the day’s biggest gainers on March 8 along with BlackBerry Ltd (TSX:BB), Converge Technology Solutions (TSX:CTS) and Docebo Inc (TSX:DCBO). All these stocks are in the red on a year-to-date basis but in the green either in the last seven days or the last month.

A good technology stock may be one that represents an entity that is forward-looking and has the vision and capacity to produce goods and/or services in a fast-moving world. Technology rises fast, and it may also become obsolete fast. This is why tech giants either adopt new trends or acquire comparatively smaller companies that have already made progress in an emerging technology. Separately, fundamentals like cash flow, revenue growth, market share, and dividends may also be considered to identify a good technology stock.

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