Technology Stocks

OTEX to NVEI: Should you buy these Canadian technology stocks?

 OTEX to NVEI: Should you buy these Canadian technology stocks?

Let us explore 7 TSX technology stocks that investors seeking long-term growth exposure can explore amid the current market environment.

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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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CGI Inc (TSX:GIB.A): A Canadian IT stock to eye

CGI Inc (TSX:GIB.A): A Canadian IT stock to eye

Some experts say that technology stocks might generally be a good indicator of the mood the market is in. The S&P/TSX Capped Information Technology Index has lost 28.53 per cent year-to-date (YTD) and fixed return investments are experiencing a...

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How to buy Teal Drones stock?

How to buy Teal Drones stock?

The prospect of making quick money often takes people to equities markets. However, the chance of making money comes with the risk of losing everything. On Tuesday, March 15, it appeared that stock market enthusiasts were either looking for Teal D...

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CSU & GIB.A: 2 TSX tech alternatives to see as Amazon plans stock split

CSU & GIB.A: 2 TSX tech alternatives to see as Amazon plans stock split

Amazon Inc (NASDAQ: AMZN, AMZN: US) announced its plans for a stock split on Wednesday, March 9, wherein its investors will receive 20 shares for each share they presently hold. The tech giant also announced a buyback plan of up to US$ 10 billion. ...

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Why is Bumble (BMBL) stock trending?

Why is Bumble (BMBL) stock trending?

Bumble Inc (NASDAQ: BMBL, BMBL: US) has been trending high on the markets, with its stock rising as high as roughly 49 per cent on Wednesday, March 9. While the stock closed a little lower at US$ 23.64 apiece, it was still up by almost 42 per cent...

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Shopify (SHOP) vs Nuvei (NVEI): Which can be a better TSX tech stock?

Shopify (SHOP) vs Nuvei (NVEI): Which can be a better TSX tech stock?

Wednesday, March 9, saw stocks of Shopify Inc (TSX: SHOP) and Nuvei (TSX: NVEI) trading in the green territory long after the two took a hard hit amid tech sell-off. Let us talk about the two tech stocks to explore which one could be better. Shop...

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Is Canva stock available for retail investors? All you need to know

Is Canva stock available for retail investors? All you need to know

The global visual communications platform, Canva, raised US$ 200 million in a funding round held in September 2021. While announcing the funding, Canva said it had a valuation of US$ 40 billion, and since then, it has kept investors interested in t...

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Can ASTS stock be alternative to SpaceX?

Can ASTS stock be alternative to SpaceX?

Stocks of AST SpaceMobile Inc. (NASDAQ:ASTS) surged about 45 per cent on Wednesday, March 9, as it announced a multi-launch agreement with Elon Musk-owned SpaceX. AST SpaceMobile is a manufacturer and designer of satellites. Also, it is building a...

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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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