Technology Stocks

Is Dye & Durham (TSX: DND) a cheap tech stock to keep on your radar?

 Is Dye & Durham (TSX: DND) a cheap tech stock to keep on your radar?

Dye & Durham (TSX: DND) stocks are still on the rise since they skyrocketed by over 14 per cent on Friday, May 13, despite volatility in the tech sector. DND stock was up by over four per cent at 11:37 AM EST on Monday, while the S&P/ TSX C...

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Nuvei (NVEI) and OTEX: 2 TSX tech stocks to buy and hold amid selloff

Nuvei (NVEI) and OTEX: 2 TSX tech stocks to buy and hold amid selloff

Highlights The S&P/ TSX Capped Information Technology Index fell by nearly 39 per cent in 2022. Nuvei Corp said that its total volume jumped by 42 per cent year-on-year in Q1 FY2022. Open Text recorded a year-over-year rise of 508 per cent...

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YFI, PVT, INX, EQ & VXTR: 5 outperforming TSXV tech stocks amid selloff

YFI, PVT, INX, EQ & VXTR: 5 outperforming TSXV tech stocks amid selloff

The stocks in the Canadian tech sector are witnessing what seems to be quite a selloff. Investors tend avoid or leave tech stocks when interest rates are hiked as this may reduce value to cash flows in the future particularly in a high-growth secto...

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Nuvei (NVEI) and MOGO: 2 undervalued TSX fintech stocks to buy?

Nuvei (NVEI) and MOGO: 2 undervalued TSX fintech stocks to buy?

Highlights Undervalued stocks with the ability to outpace the broader market consistently can significantly boost return potential in the long run. Nuvei Corporation (TSX: NVEI) and Mogo Inc (TSX: MOGO) are fintech duos that were at their highe...

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Shopify (TSX: SHOP) posts Q1 revenue surge of 22% YoY. Time to buy?

Shopify (TSX: SHOP) posts Q1 revenue surge of 22% YoY. Time to buy?

Highlights Shopify Inc (TSX: SHOP) has been turning heads on the stock markets in the wake of its first-quarter results for fiscal 2022 released on Thursday, May 5. The e-commerce infrastructure company announced the plan to acquire Deliverr In...

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2 TSX cybersecurity stocks under $10 to buy on World Password Day

2 TSX cybersecurity stocks under $10 to buy on World Password Day

Highlights World Password Day is celebrated every year on the first Thursday in May. In Canada, there are a lot of companies offering cybersecurity solutions, and we have shortlisted stocks of two such companies that can be bought for under $10...

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SHOP, BB, DND, CSU & KSX: 5 beaten-down TSX tech stocks to buy

SHOP, BB, DND, CSU & KSX: 5 beaten-down TSX tech stocks to buy

The S&P/TSX Capped Information Technology Index has taken a bit of a battering this year. It has sunk 33 per cent year-to-date (YTD). This raises the question as to whether it might be time to pick up TSX tech stocks on the dip. Tech currently...

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CGI (GIB.A) and DSG: 2 TSX tech stocks to buy instead of Amazon (AMZN)?

CGI (GIB.A) and DSG: 2 TSX tech stocks to buy instead of Amazon (AMZN)?

Stocks of Amazon Inc (NASDAQ: AMZN, AMZN: US) dropped by over 10 per cent at 9:46 AM EST on Thursday, April 29, after the tech giant reported a net loss of US$ 3.8 billion in Q1 FY2022 on April 28. The e-commerce giant is said to have missed a pro...

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MAGT, FOBI and POET: 3 Canadian metaverse stocks to buy instead of FB?

MAGT, FOBI and POET: 3 Canadian metaverse stocks to buy instead of FB?

Highlights Stocks of Meta (NASDAQ: FB, FB: US) galloped by over 18 per cent in the after-market hours on April 27. Canadian stocks exploring metaverse like Magnet (TSX: MAGT), Fobi AI (TSXV: FOBI),  and POET (TSXV: POET) can gain some trac...

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5 futuristic TSXV tech stocks to buy in May for long term

5 futuristic TSXV tech stocks to buy in May for long term

As a Canadian investor, you must be familiar with the Toronto Stock Exchange (TSX) and the TSX Venture Exchange (TSXV). Generally, investors go to the TSX for the mainstream stocks, and TSXV comprises the stocks of junior and growing companies. I...

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CSU, GIB.A, OTEX, SHOP & NVEI: 5 TSX tech stocks to eye in May

CSU, GIB.A, OTEX, SHOP & NVEI: 5 TSX tech stocks to eye in May

Highlights The S&P/TSX Capped Information Technology Index has plummeted about 33 per cent on a year-to-date (YTD) basis NVEI is trading 59 per cent below its one-year high SHOP is now 76 per cent below its 52-week high The year 2022 ...

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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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