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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Is Shopify (TSX: SHOP) stock still a buy after 49% YTD fall?

Is Shopify (TSX: SHOP) stock still a buy after 49% YTD fall?

Highlight At its current price levels, some investors are looking at Shopify (TSX: SHOP) stock as a discounted option. This speculation comes amid SHOP stock shrinking by about 49 per cent year-to-date (YTD). Notably, the Canadian e-commerce i...

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LSPD and CTS: 2 TSX tech stocks to see as Elon Musk invests in Twitter

LSPD and CTS: 2 TSX tech stocks to see as Elon Musk invests in Twitter

Tech stocks, like Lightspeed (TSX: LSPD) and Converge (TSX: CTS), are gaining traction in the wake of Tesla CEO Elon Musk purchasing a 9.2 per cent stake in Twitter (NYSE: TWTR, TWTR: US). The transaction, worth US$ 2.89 billion, is said include 7...

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Are Constellation (CSU) & Open Text (OTEX) 2 TSX tech stocks to buy?

Are Constellation (CSU) & Open Text (OTEX) 2 TSX tech stocks to buy?

The technology sector is a fairly diverse spectrum. From software as a service (SaaS) to hardware producers and online content, many believe the technology sector has boomed since the pandemic began. Technology is an integral part of most people&rs...

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Shopify (TSX: SHOP) to invest in carbon removal solutions: Buy alert?

Shopify (TSX: SHOP) to invest in carbon removal solutions: Buy alert?

Highlights Shopify Inc (TSX: SHOP), on Monday, March 25, announced that its Sustainability Fund has partnered with nine entrepreneurial “trailblazers” for carbon removal solutions. With these new carbon removal agreements, the e-com...

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Hive Blockchain & Topicus (TOI): Are these 2 TSXV tech stocks a buy?

Hive Blockchain & Topicus (TOI): Are these 2 TSXV tech stocks a buy?

Some technology stocks have taken quite a beating lately. However, some tech-savvy investors might see this as an opportunity to own quality tech stocks at cheap prices. The S&P/TSX Venture Information Technology Index has declined by almost 2...

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Why did Mogo (TSX:MOGO) stock zoom 18% in a day?

Why did Mogo (TSX:MOGO) stock zoom 18% in a day?

Highlights Mogo Inc (TSX: MOGO), a Canadian fintech company, saw its stock rise by 18 per cent on Wednesday, March 23, in the face of its fourth-quarter results for fiscal 2021 This increase in Mogo’s stock price came despite reporting a ...

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Dye & Durham (DND) & Open Text (OTEX): 2 TSX tech stocks to consider

Dye & Durham (DND) & Open Text (OTEX): 2 TSX tech stocks to consider

Highlights The TSX technology index fell by over 19 per cent year-to-date (YTD) as the prevailing market conditions seem to favor safer equity options However, some risk-takers may see this as an opportunity to add healthy tech stocks to their ...

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POET (PTK) & WeCommerce Holdings (WE): 2 TSXV tech stocks to explore

POET (PTK) & WeCommerce Holdings (WE): 2 TSXV tech stocks to explore

Some experts say tech stocks can be a good indicator of the economy. The S&P/TSX Venture Information Technology Index has lost 22.53 per cent year-to-date. But it seems like the pandemic might be over. Information technology currently accounts ...

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DIDI Global (DIDI) rose 35% this week. A Chinese tech stock to buy?

DIDI Global (DIDI) rose 35% this week. A Chinese tech stock to buy?

Chinese stocks listed on American exchanges, like DiDi Global Inc (NYSE: DIDI, DIDI: US), have been trending noticeably this week. This surge appears to have come after China, on Wednesday, March 16, signalled support for overseas listings, which ...

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Why is Shopify (TSX: SHOP) stock trading higher?

Why is Shopify (TSX: SHOP) stock trading higher?

Shopify Inc (TSX: SHOP) stocks, which have seen some decline recently, picked up and rose by nearly nine per cent at one point on Wednesday, March 16. This price increase could have stemmed from the macroeconomic factors surrounding the recent COV...

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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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