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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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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PAT, ABST, OTEX, BB & DSY: 5 Canadian cybersecurity stocks to consider

PAT, ABST, OTEX, BB & DSY: 5 Canadian cybersecurity stocks to consider

Highlights Cybersecurity is becoming increasingly important With the digitization of the workplace, cloud technology and ensuring it is secured seems to have taken on a new meaning Some experts are predicting upside growth in the cybersecurity...

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Shopify (TSX:SHOP) stock falls 14% in 1 day: Is it time to buy?

Shopify (TSX:SHOP) stock falls 14% in 1 day: Is it time to buy?

Highlights Shopify is reportedly in talks to acquire Deliverr, per insiders San Francisco-based Deliverr assists companies like Amazon and eBay to fulfil deliveries in under two days On Wednesday, April 20, the SHOP stock fell nearly 14 per ce...

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TFSA interest rate in mind? 1 TSXV tech stock to consider

TFSA interest rate in mind? 1 TSXV tech stock to consider

Inflation, the term used to denote price rise, is biting away the purchasing power of many Canadians. It won’t be wrong to say that inflation has emerged as one of the biggest economic worries in the wake of the pandemic. Hence, this could b...

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Shopify (TSX: SHOP) plans 10-for-1 stock split. Buy alert?

Shopify (TSX: SHOP) plans 10-for-1 stock split. Buy alert?

Stocks of Shopify Inc (TSX: SHOP) rose as high as C$ 793.3 on Monday, April 11, after its Board approved a 10-for-1 stock split. The e-commerce giant announced a couple of proposed changes to modernize its governance structure to align with long-te...

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Wecommerce (WE) & Quisitive (QUIS): Are these 2 TSXV tech stocks a buy?

Wecommerce (WE) & Quisitive (QUIS): Are these 2 TSXV tech stocks a buy?

As we entered 2022 expecting to see multiple interest rate hikes, we began to see tech stocks take a bit of beating. Some experts say tech stocks, especially of rapidly growing companies, may be particularly hit with a rise in interest rates. ...

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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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