Top Tech Stocks For November


Tech shares have been the most important winners of the COVID world, surging ever since markets bottomed in March, and main the restoration. Nevertheless, we’ve probably reached a crossroads. The Nasdaq sharply bought off earlier this week on account of vaccine knowledge from Pfizer and BioNTech revealing a 90% efficacy price. Buyers sharply and furiously rotated out of tech shares and into cyclical worth shares, with tech shares experiencing sharp losses and volatility. Whereas issues have considerably stabilized as this week has gone on and tech shares considerably recovered, there definitely are unanswered questions. Will this rotation be a long run development as soon as COVID finally dies down? Or are we nonetheless on this COVID world for the lengthy haul? In spite of everything, numbers are nonetheless surging to report highs with additional shutdowns imminent. Moreover, bullish tech traders are inspired that we’re prone to see a divided Congress- a optimistic catalyst for no greater taxes or rules.Whereas there are indicators that tech can proceed its livid rally, there are bearish indicators as effectively. Regardless of the combined sentiments, our Synthetic Intelligence (“AI”) algorithms at Q.ai have recognized intriguing tech shares. Two have been rated as Prime Buys, two rated as Enticing, two rated as Impartial, two rated as Unattractive, and two rated as Prime Shorts.

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Prime Purchase

Activision Blizzard (ATVI)

Activision Blizzard is our first Prime Purchase for the month. The gaming trade has been booming the final a number of years, and with extra folks at dwelling on account of COVID, seems to be gaining much more steam. Finest identified for its Name of Obligation and Guitar Hero online game franchises, our AI methods have rated Activision A in Technicals, A in Development, B in Momentum Volatility, and B in High quality Worth. Activision closed up 0.21% to $76.71 on quantity of 4,881,896 vs its 10-day value common of $77.05 and its 22-day value common of $78.89, and is up 30.79% for the 12 months. Income grew by 18.05% within the final fiscal 12 months and grew by 9.16% during the last three fiscal years, Working Earnings grew by 52.81% within the final fiscal 12 months and grew by 101.28% during the last three fiscal years, and EPS grew by 46.11% within the final fiscal 12 months and grew by 691.43% during the last three fiscal years. Income was $6489.0M within the final fiscal 12 months in comparison with $7017.0M three years in the past, Working Earnings was $1744.0M within the final fiscal 12 months in comparison with $1324.0M three years in the past, EPS was $1.95 within the final fiscal 12 months in comparison with $0.36 three years in the past, and ROE was 12.42% within the final 12 months in comparison with 2.94% three years in the past. The inventory can be buying and selling with a Ahead 12M P/E of 23.12.

MORE FROM FORBESActivision Blizzard (ATVI)

Take-Two Interactive (TTWO)

Our second Prime Purchase for the month is Take-Two Interactive. Take-Two is one other gaming large with much more upside potential as folks proceed staying at dwelling. Take-Two Interactive is finest identified for its GTA, NBA 2K, and Pink Lifeless franchises, and can be on the forefront of aggressive esports because it owns 50% of the NBA 2K league. Our AI methods rated Take-Two Interactive with a virtually good rating with scores of A in Technicals, A in Development, A in Low Volatility Momentum, and B in High quality Worth. The inventory closed down 0.84% to $160.22 on quantity of 1,411,240 vs its 10-day value common of $161.21 and its 22-day value common of $163.59, and is up 31.24% for the 12 months. Income grew by 8.88% within the final fiscal 12 months and grew by 87.58% during the last three fiscal years, Working Earnings grew by 21.79% within the final fiscal 12 months and grew by 242.22% during the last three fiscal years, and EPS grew by 16.49% within the final fiscal 12 months and grew by 168.21% during the last three fiscal years. Income was $3088.97M within the final fiscal 12 months in comparison with $1792.89M three years in the past, Working Earnings was $425.35M within the final fiscal 12 months in comparison with $151.38M three years in the past, EPS was $3.54 within the final fiscal 12 months in comparison with $1.54 three years in the past, and ROE was 17.66% within the final 12 months in comparison with 13.92% three years in the past. The inventory can be buying and selling with a Ahead 12M P/E of 42.01.

MORE FROM FORBESTake-Two Interactive Software program (TTWO)

Enticing

Apple Inc (AAPL)

Our first Enticing high tech inventory is Apple. Whereas Apple has had its ups and downs ever since its inventory cut up, the outlook is basically bullish and thrilling for the remainder of 2020. Apple has confirmed to be constant and resilient regardless of the state of affairs. Our AI methods have rated Apple A in Technicals, B in Development, B in Low Volatility Momentum, and C in High quality Worth. The inventory closed down 0.23% to $119.21 on quantity of 103,350,700 vs its 10-day value common of $115.17 and its 22-day value common of $116.0, and is up 58.76% for the 12 months. Income was $274515.0M within the final fiscal 12 months in comparison with $265595.0M three years in the past, Working Earnings was $66288.0M within the final fiscal 12 months in comparison with $70898.0M three years in the past, EPS was $3.28 within the final fiscal 12 months in comparison with $2.98 three years in the past, and ROE was 73.69% within the final 12 months in comparison with 49.36% three years in the past. Ahead 12M Income is predicted to develop by 8.87% over the subsequent 12 months, and the inventory is buying and selling with a Ahead 12M P/E of 30.19.

MORE FROM FORBESApple (AAPL)

Fb (FB)

Fb is our subsequent Enticing high tech inventory to observe. Whereas they’ve had their share of controversies, and have been beneath growing scrutiny as a result of election and antitrust points, our AI methods are bullish on the social media large. Our AI methods rated Fb A in Technicals, B in Development, B in Low Volatility Momentum, and C in High quality Worth. The inventory closed down 0.51% to $275.08 on quantity of 12,914,210 vs its 10-day value common of $276.Eight and its 22-day value common of $275.09, and is up 31.13% for the 12 months. Income grew by 11.71% within the final fiscal 12 months and grew by 94.27% during the last three fiscal years, whereas Working Earnings grew by 17.58% during the last three fiscal years, and EPS grew by 36.52% within the final fiscal 12 months and grew by 62.85% during the last three fiscal years. Income was $70697.0M within the final fiscal 12 months in comparison with $40653.0M three years in the past, Working Earnings was $23986.0M within the final fiscal 12 months in comparison with $20203.0M three years in the past, EPS was $6.43 within the final fiscal 12 months in comparison with $5.39 three years in the past, and ROE was 19.96% within the final 12 months in comparison with 23.86% three years in the past. Ahead 12M Income is predicted to develop by 18.21% over the subsequent 12 months, and the inventory is buying and selling with a Ahead 12M P/E of 27.88.

MORE FROM FORBESFb (FB)

Impartial

Amazon.com (AMZN)

Our first Impartial inventory is e-commerce mega firm Amazon.com. The e-commerce trade as an entire has been booming in 2020, and Amazon has been on the forefront. Amazon has additionally efficiently grown and diversified its enterprise mannequin as effectively to be greater than merely an internet retailer. Our AI methods rated Amazon A in Technicals, A in Development, C in Low Volatility Momentum, and C in High quality Worth. The inventory closed down 0.86% to $3110.28 on quantity of 4,371,208 vs its 10-day value common of $3139.Zero and its 22-day value common of $3191.92, and is up 63.87% for the 12 months. Income grew by 24.03% within the final fiscal 12 months and grew by 95.62% during the last three fiscal years, Working Earnings grew by 38.19% within the final fiscal 12 months and grew by 384.78% during the last three fiscal years, and EPS grew by 48.64% within the final fiscal 12 months and grew by 456.14% during the last three fiscal years. Income was $280522.0M within the final fiscal 12 months in comparison with $177866.0M three years in the past, Working Earnings was $14404.0M within the final fiscal 12 months in comparison with $4106.0M three years in the past, EPS was $23.01 within the final fiscal 12 months in comparison with $6.15 three years in the past, and ROE was 21.94% within the final 12 months in comparison with 12.91% three years in the past. Ahead 12M Income is predicted to develop by 12.89% over the subsequent 12 months, and the inventory is buying and selling with a Ahead 12M P/E of 79.37.

MORE FROM FORBESAmazon (AMZN)

Tesla Inc (TSLA)

Elon Musks electrical car juggernaut Tesla is our subsequent Impartial inventory. Tesla has now posted 5 consecutive worthwhile quarters, and when it comes to market cap, is now essentially the most useful vehicle maker on this planet. Out AI methods rated Tesla A in Technicals, A in Development, D in Low Volatility Momentum, and C in High quality Worth. The inventory closed down 1.29% to $411.76 on quantity of 19,940,500 vs its 10-day value common of $416.2 and its 22-day value common of $422.52, and is up 378.5% for the 12 months. Income grew by 14.64% within the final fiscal 12 months and grew by 139.61% during the last three fiscal years, Working Earnings grew by 2053.75% within the final fiscal 12 months and grew by -205.58% during the last three fiscal years, and EPS grew by -153.1% within the final fiscal 12 months and grew by -122.08% during the last three fiscal years. Income was $24578.0M within the final fiscal 12 months in comparison with $11759.0M three years in the past, Working Earnings was $80.0M within the final fiscal 12 months in comparison with $(1632.0)M three years in the past, EPS was $(0.98) within the final fiscal 12 months in comparison with $(2.37) three years in the past, and ROE was (10.75%) within the final 12 months in comparison with (38.85%) three years in the past. Ahead 12M Income is predicted to develop by 38.08% over the subsequent 12 months, and the inventory is buying and selling with a Ahead 12M P/E of 109.55.

MORE FROM FORBESTesla (TSLA)

Unattractive

Teladoc Well being Inc (TDOC)

Multinational telemedicine and digital healthcare firm Teladoc is our first Unattractive inventory for the month. Though Teladoc has carried out effectively this 12 months, with its companies in excessive demand, there are some bearish considerations from our AI methods. Our AI methods rated Teladoc A in Technicals, C in Development, C in Low Volatility Momentum, and D in High quality Worth. The inventory closed up 2.43% to $186.99 on quantity of three,768,704 vs its 10-day value common of $191.54 and its 22-day value common of $207.52, and is up 124.59% for the 12 months. Income grew by 56.72% within the final fiscal 12 months and grew by 271.71% during the last three fiscal years, Working Earnings grew by -58.9% within the final fiscal 12 months and grew by -51.22% during the last three fiscal years, and EPS grew by -25.23% during the last three fiscal years. Income was $553.31M within the final fiscal 12 months in comparison with $233.28M three years in the past, Working Earnings was $(73.82)M within the final fiscal 12 months in comparison with $(62.2)M three years in the past, EPS was $(1.38) within the final fiscal 12 months in comparison with $(1.93) three years in the past, and ROE was (9.75%) within the final 12 months in comparison with (27.04%) three years in the past. Ahead 12M Income can be anticipated to develop by 55.27% over the subsequent 12 months.

MORE FROM FORBESTeladoc Well being (TDOC)

Slack Applied sciences Inc (WORK)

Office options software program supplier Slack is our subsequent Unattractive inventory. Slack, by its communications and real-time messaging and file sharing platform, has been an ideal useful resource for distant groups on this COVID period. Nevertheless, with the rise of Microsoft Groups, and different rivals, Slack has been a relative underperformer in comparison with different stay-at-home shares. Our AI methods rated Slack A in Technicals, C in Development, C in Low Volatility Momentum, and F in High quality Worth. The inventory closed up 2.86% to $25.89 on quantity of 8,479,996 vs its 10-day value common of $25.76 and its 22-day value common of $27.88, and is up 12.47% for the 12 months. Income grew by 21.85% within the final fiscal 12 months and grew by 248.29% during the last three fiscal years, whereas Working Earnings grew by -46.7% within the final fiscal 12 months, and EPS grew by -58.65% within the final fiscal 12 months and grew by -59.87% during the last three fiscal years. Income was $630.42M within the final fiscal 12 months in comparison with $220.54M three years in the past, Working Earnings was $(554.18)M within the final fiscal 12 months in comparison with $(143.85)M three years in the past, EPS was $(1.43) within the final fiscal 12 months in comparison with $(1.47) three years in the past, and ROE was (72.61%) within the final 12 months in comparison with (32.11%) three years in the past. Ahead 12M Income can be anticipated to develop by 13.2% over the subsequent 12 months.

MORE FROM FORBESSlack Applied sciences (WORK)

Prime Brief

Peloton Interactive Inc (PTON)

Peloton is our first Prime Brief for this month. Though the inventory has been one of many greatest COVID winners with its rising distant health group and high quality train bikes, there are positively considerations that the inventory has overheated and peaked. Particularly with this vaccine information. Our AI methods rated Peloton A in Technicals, D in Development, F in Low Volatility Momentum, and F in High quality Worth. The inventory closed up 2.36% to $108.72 on quantity of 17,022,830 vs its 10-day value common of $112.62 and its 22-day value common of $119.78, and is up 265.57% for the 12 months. Income grew by 29.02% within the final fiscal 12 months and grew by 441.56% during the last three fiscal years, Working Earnings grew by -583.9% within the final fiscal 12 months and grew by -315.18% during the last three fiscal years, and EPS grew by -149.19% within the final fiscal 12 months and grew by -107.3% during the last three fiscal years. Income was $1825.9M within the final fiscal 12 months in comparison with $435.0M three years in the past, Working Earnings was $(20.5)M within the final fiscal 12 months in comparison with $(46.1)M three years in the past, EPS was $(0.32) within the final fiscal 12 months in comparison with $(2.18) three years in the past, and ROE was (6.88%) within the final 12 months in comparison with (44.48%) three years in the past. Ahead 12M Income is predicted to develop by 7.63% over the subsequent 12 months, and the inventory is buying and selling with a Ahead 12M P/E of 265.17.

MORE FROM FORBESPeloton Interactive (PTON)

Sq. Inc (SQ)

Sq. Inc is our closing Prime Brief for the month. One other main winner from COVID, Sq. is a monetary companies and cellular fee firm that additionally might have overheated and peaked. Our AI methods rated Sq. A in Technicals, F in Development, D in Low Volatility Momentum, and D in High quality Worth. The inventory closed down 2.68% to $178.51 on quantity of 9,151,584 vs its 10-day value common of $173.09 and its 22-day value common of $176.11, andis up 179.66% for the 12 months. Income grew by 62.34% within the final fiscal 12 months and grew by 245.58% during the last three fiscal years, whereas Working Earnings grew by -13.94% during the last three fiscal years, and EPS grew by -487.55% during the last three fiscal years. Income was $4713.5M within the final fiscal 12 months in comparison with $2214.25M three years in the past, Working Earnings was $26.56M within the final fiscal 12 months in comparison with $(54.21)M three years in the past, EPS was $0.81 within the final fiscal 12 months in comparison with $(0.17) three years in the past, and ROE was 26.48% within the final 12 months in comparison with (9.22%) three years in the past. Ahead 12M Income is predicted to develop by 35.23% over the subsequent 12 months, and the inventory is buying and selling with a Ahead 12M P/E of 169.17.

MORE FROM FORBESSq. (SQ)

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