There is no ambuscade it. Aback it comes to the banal market, tech stocks accept been the big winners.
Year-to-date, the NASDAQ-100, advised a criterion for tech stocks, is up about 10%. The S&P 500 is about absolute year-to-date, while the Dow Jones is abrogating on the year.
This isn’t a new phenomena. Over the accomplished decade, the Nasdaq has rallied about 280%, while the S&P 500 and Dow Jones accept anniversary rallied about 110%. That about agency that over the accomplished 10 years, tech stocks accept outperformed the broader bazaar by about three to one.
This assemblage in tech stocks is far from over.
Valuations aren’t absurd, with technology stocks trading about 19-times advanced earnings. Advance is robust, with tech stocks accepted to abound revenues by over 10% and balance by about 20% this year. Technicals attending good, with a majority of tech stocks still in a actual able uptrend. And the advance narratives are alone accepting stronger, as added and added dollars breeze into industries like agenda advertising, billow services, AI, automation, e-commerce and more.
Consequently, tech stocks should abide to advance this bazaar higher.
With that in mind, here’s a account of 20 baking tech stocks that accept been the better winners appropriately far in 2018.
How It Got Here: The big run in Twitter (NYSE:TWTR) has aggregate do with a turnaround in the announcement business, which has in about-face fueled able-bodied allowance expansion. The announcement business, which had been in abatement for best of 2017, inflected into absolute advance area in Q4 2017. In Q1 2018, that announcement acquirement advance access into 20%-plus territory. Big acquirement advance led to able-bodied allowance expansion, and now, Twitter is a consistently assisting company.
Where It’s Activity Next: The turnaround in the ad biz is impressive. The allowance amplification anecdotal is appropriately impressive. But user advance charcoal ashore in neutral, and afterwards able-bodied user growth, Twitter banal does not deserve its present 60-times advanced multiple. As such, any operational hiccups could account cogent weakness in shares.
How It Got Here: The big run in Netflix (NASDAQ:NFLX) has been powered by a able-bodied aboriginal agreeable portfolio, which has added the platform’s amount prop and led to super-charged subscriber growth. This has been the anecdotal for the accomplished two years now, but user advance isn’t slowing at all admitting accretion scale. Moreover, over the accomplished several quarters, margins accept started to barrage college as atomic subscriber advance has led to materially college acquirement per agreeable asset, while the costs for those agreeable assets accept remained fixed. The net aftereffect is big acquirement advance and big balance growth.
Where It’s Activity Next: Valuation is a affair for Netflix stock. But that has been the case for a while now, and the banal keeps branch college because advance continues to impress. Because the huge advance levers the aggregation has through subscriber growth, amount hikes and a abeyant attempt into the video d market, Netflix banal should arch college because advance will abide to impress.
YTD Gain: 1,020%
How It Got Here: You apprehend that right. Little accepted Turtle Beach (NASDAQ:HEAR) is up added than 1,000% so far in 2018. The agitator for the big-run has been a billow in appeal for the company’s gaming headsets, which accept become a must-have artefact as action royale amateur like Fortnite accept become the latest trend in the video d market.
Where It’s Activity Next: It is boxy to see a banal that is already up 1,000% year-to-date branch higher, but HEAR could do it. The banal isn’t that big-ticket at aloof 21-times advanced earnings, and acquirement advance was about 200% aftermost quarter. Plus, the aggregation has ample acknowledgment to what will anon be a massive e-sports market, implying that today’s aureate era may absolutely be added than aloof a fad. Overall, this banal should arch higher.
Red-Hot Tech Stocks: Pandora Media (P)
YTD Gain: 75%
How It Got Here: Spotify (NYSE:SPOT) has been accepting a lot of adulation from Wall Street recently, but the big alive music champ in 2018 has been Pandora (NYSE:P). The stock’s 75% year-to-date assemblage has been powered by accelerating drive in the company’s cable business, as able-bodied as optimism surrounding added acquirement audio announcement opportunities through AdsWizz, which Pandora acquired beforehand this year.
Where It’s Activity Next: I’m absorbed to say that Pandora banal has already had its day in the sun. The aggregation has yet to appearance a profit, and isn’t accepted to appearance a accumulation anytime soon. Yet, the banal trades at over 1.3-times abaft sales, which seems rather affluent for an barren company. Drive could backpack this banal higher, because the audio announcement befalling is promising, but fundamentals will anticipate addition 50%-plus assemblage from blow over the aing six months.
Red-Hot Tech Stocks 5: Advanced Micro Devices, Inc. (AMD)
YTD Gain: 46%
How It Got Here: After a asperous 2017, chipmaker Advanced Micro Devices (NASDAQ:AMD) has fabricated a big improvement in 2018. In 2017, the AMD anecdotal was bedeviled by apropos apropos bazaar allotment assets in high-end accretion markets like data-centers. In 2018, however, the anecdotal has confused from affair to optimism as AMD’s numbers accept acicular to able-bodied advance in high-end accretion markets.
Where It’s Activity Next: AMD is set to booty server bazaar allotment abroad from Intel (NASDAQ:INTC) in the back-half of the year due to the abridgement of a new artefact from Intel. That should advance to absorbing numbers for AMD, and those numbers should adeptness this banal college to the high-teens ambit by the end of the year.
Red-Hot Tech Stocks 6: Axon Enterprise (AAXN)
YTD Gain: 137%
How It Got Here: The aggregation aforetime accepted as Taser International, Axon Enterprise (NASDAQ:AAXN) has fabricated a huge axis from affairs tasers to affairs anatomy cameras and accompanying cloud-hosted abstracts accumulator solutions. To advance this pivot, Axon gave abroad a chargeless balloon to every badge administrator in 2017. That acquired Axon’s numbers to attending ugly. But in 2018, all those chargeless trials accept adapted into advantageous customers, and now, Axon’s banal is aerial alongside badly bigger numbers.
Where It’s Activity Next: The civil advance anecdotal surrounding this aggregation is actual promising. Law administration agencies charge to modernize, digitize and accept greater accountability. Axon provides solutions which analysis all three of those boxes. But at present levels, AAXN banal seems absolutely priced for all that upside, and more. As such, abundant like Twitter, this banal seems affected to any operational hiccups.
Red-Hot Tech Stocks: Amazon (AMZN)
YTD Gain: 45%
How It Got Here: Of course, one of the hottest tech stocks of 2018 is Amazon (NASDAQ:AMZN). Not abundant has afflicted about the civil advance anecdotal surrounding this company. And that is a acceptable thing. Advance in the e-commerce biz charcoal robust. Same with the billow biz. The offline retail business is arising with potential. As is the acute home business. Plus, Amazon aloof acquired pharmacy licenses in all 50 states through its accretion of PillPack.
Where It’s Activity Next: This one will alone arch higher. Bears can accumulate anguish on the table about valuation, but the advance befalling is there for Amazon to abundantly abound into its appraisal so connected as administration executes. Appropriately far, administration has accomplished about perfectly, and therefore, the best acceptable aftereffect for Amazon banal is to arch college through able beheading in huge advance markets.
Red-Hot Tech Stocks: Palo Alto Networks Inc (PANW)
YTD Gain: 40%
How It Got Here: Cybersecurity has bound become a must-have in today’s added digitally affiliated world. As such, appeal for cybersecurity solutions has skyrocketed, and the baron of this space, Palo Alto Networks (NYSE:PANW), has artlessly been a huge winner.
Where It’s Activity Next: Growing appeal for able-bodied cybersecurity solutions is a civil advance anecdotal that isn’t activity anywhere any time soon. In fact, appeal for the being PANW offers will acceptable alone abound over the aing several years as added abstracts and operations drift to the agenda channel. That agency PANW’s anon big advance ante are actuality to stay, and that makes the banal attending analytic admired at aloof over 50-times advanced balance for what is calmly a 25%-plus balance advance aggregation over the aing several years.
Red-Hot Tech Stocks: Adobe Systems (ADBE)
YTD Gain: 37%
How It Got Here: There are three big affidavit why Adobe (NASDAQ:ADBE) has been a huge champ as of late. First, the aggregation has about no able competition, and that agency Adobe is a must-have for any and every artistic professional. Second, Adobe has auspiciously transitioned its business archetypal to a higher-margin, more-predictable billow cable model. Third, the appraisal on the banal has remained reasonable admitting huge growth.
Where It’s Activity Next: Above $250, Adobe banal was maxed out. But the banal has aback normalized, and will acceptable resume its advancement trend through able user growth, constant amount hikes, able-bodied acquirement growth, and akin added able-bodied accumulation growth.
Red-Hot Tech Stocks: Tripadvisor (TRIP)
YTD Gain: 63%
How It Got Here: Much like added stocks on this list, Tripadvisor (NASDAQ:TRIP) is a 2018 bounce-back story. Competitive risks from Airbnb, Amazon and others dead TRIP banal in 2014, 2015, 2016 and 2017. But 2018 has started off with a altered narrative, as the aggregation has appear able balance reports back-to-back, anniversary of which credibility to deepening go-forward fundamentals in the biking sector.
Where It’s Activity Next: Growth is advancing aback into the picture, but the appraisal is appealing affluent at 41-times advanced balance (versus a five-year boilerplate advanced assorted of 30 and adjoin the accomplishments of sub-20% balance growth). Consequently, while the fundamentals are convalescent for TRIP stock, these improvements assume abundantly priced in afterwards the stock’s year-to-date rally. Assets through the draft of the year will be boxy to appear by.
Red-Hot Tech Stocks: NetApp (NTAP)
YTD Gain: 39%
How It Got Here: NetApp (NASDAQ:NTAP) has been a big champ over the accomplished several years because the aggregation is advancing in the overlap of the billow and abstracts revolutions. Acquirement advance has appear aback into the account over the accomplished several quarters, and the banal has appropriately fabricated a big move higher.
Where It’s Activity Next: This banal will arch higher. NTAP is a attenuate aggregate of adorable appraisal (sub-20 advanced multiple), ample advance acknowledgment (this is a billow company) and big balance advance (15%-plus projected over aing bristles years). As a aftereffect of this combination, NTAP banal should arch advisedly college in the accountable future.
Red-Hot Tech Stocks: Electronic Arts (EA)
YTD Gain: 33%
How It Got Here: The accomplished Netflix of video amateur characterization has bent on, and investors are affairs up Electronic Arts (NASDAQ:EA) banal for its massive advance abeyant through e-sports and alive video d streaming. Meanwhile, the aggregation has shrugged off micro-transaction apropos about Christmas 2017, and it has proceeded to address actual acceptable numbers appropriately far in 2018.
Where It’s Activity Next: Valuation and the sustainability of anon super-charged after-effects are growing apropos for this stock. But if the aggregation does auspiciously capitalize on what projects to be a massive befalling in e-sports, again the Netflix of video amateur characterization isn’t far off from reality. In that scenario, EA banal alive materially higher.
Red-Hot Tech Stocks: Trade Desk (TTD)
YTD Gain: 100%
How It Got Here: Shares of Trade Desk (NASDAQ:TTD) accept angled in 2018 because the aggregation has connected to address huge advance numbers, which point to constancy in the civil advance programmatic announcement bazaar that TTD is absolutely absorbed in.
Where It’s Activity Next: The banal is big-ticket at over 45-times advanced earnings. But advance is big, with acquirement advance of 61% aftermost quarter. And the advance anecdotal is able as the added ad dollars breeze into the agenda announcement channel, the added advertisers will attending against companies like Trade Desk to optimize agenda ad spend. Therefore, the angle for this banal activity advanced charcoal promising.
Red-Hot Tech Stocks: 3D Systems Corporation (DDD)
Source: Image via 3D Systems
YTD Gain: 58%
How It Got Here: 3D press is bouncing back, but not in the way that you’d expect. 3D Systems Corporation (NYSE:DDD) has had an atomic 2018 because there are some agitative things blow on the automated 3D press side. Big industries like aerospace and healthcare accept begin some air-conditioned means to use 3D press to advance accumulation alternation abundance and actualize medical devices, and those industries are creating convalescent appeal for 3D press systems.
Where It’s Activity Next: Growth at DDD is still berserk mediocre, at aloof 6% aftermost quarter. That absolutely doesn’t scream turnaround, nor does it accreditation a huge valuation. But DDD banal trades at 60-times aing year’s accord earnings, which is a huge assorted for 6% acquirement growth. Unless appeal in the 3D press amplitude picks up miraculously over the aing several quarters, DDD banal will struggle.
Red-Hot Tech Stocks: Intelsat SA (I)
YTD Gain: 392%
How It Got Here: The huge jump in Instelsat (NYSE:I) this year has been predicated abundantly on the abeyant commercialization of C-band accessory frequencies. Discussions accept occurred this year amid assorted companies and the FCC apropos the administration of C-band spectrum for 5G monetization purposes. The FCC has fabricated effective accomplish against acceptance this, and it looks like a absolute accommodation will be delivered for Intelsat by this summer.
Where It’s Activity Next: This is a huge befalling for Intelsat. Granted, at this point in time, investing in Intelsat feels added like belief than annihilation else. Further upside hinges absolutely on a absolute FCC accommodation and the adeptness to monetize C-band. But it looks absolutely acceptable that the FCC will bear a absolute decision, and that the aggregation will advance with monetizing C-band in the a future. Optimism apropos the abeyant of this bazaar should accumulate the banal up, but investors should be acquainted of the immense downside in the blow of a abrogating FCC decision.
Red-Hot Tech Stocks: iQIYI, Inc (IQ)
YTD Gain: 105%
How It Got Here: Say accost to the Netflix of China. A afresh accessible Chinese internet company, iQIYI, Inc (NASDAQ:IQ) has fabricated absolutely the admission on Wall Street, ambulatory added than 100% in aloof over a month. The catalyst? Widespread comparisons amid it and Netflix, as IQ is the arch video alive belvedere in the huge Chinese alive market, which Netflix currently has aught attendance in.
Where It’s Activity Next: This is a multi-bagger in the making, d that Chinese regulations abide to accumulate Netflix out of China. The Chinese alive bazaar is huge, and IQ is anon the baron of that market. Thus, IQ projects to accept Netflix-like advance over the aing several years, and that should actuate the banal decidedly college in a multi-year window.
Red-Hot Tech Stocks 17: HUYA Inc (HUYA)
YTD Gain: 102%
How It Got Here: If IQ is the Netflix of China, again Huya Inc (NYSE:HUYA) is the Twitch of China. Aloof as IQ banal has rallied added than 100% in aloof over a ages on Netflix comparisons, HUYA banal has additionally rallied added than 100% over the accomplished ages on Twitch comparisons.
Where It’s Activity Next: Like IQ, HUYA is a abeyant multi-bagger in the making. China is home to the world’s better video d market, mostly due to the arduous cardinal of players (over 600 actor alive video gamers, which is added than the absolute U.S. population). Owing to this massive size, HUYA has huge advance potential, and the banal should be a big champ over the aing several years.
Red-Hot Tech Stocks: Momo Inc (MOMO)
YTD Gain: 83%
How It Got Here: The added baking Chinese internet banal in 2018 has been Momo Inc (NASDAQ:MOMO). Advance has appear roaring aback into the account for MOMO, alongside able-bodied user growth, in 2018. The banal has brushed off Chinese authoritative concerns, and investors are now focused on big advance in the live-streaming category.
Where It’s Activity Next: This banal is a winner. Every added hyper-growth Chinese internet banal is expensive. But MOMO banal is the adverse of expensive. It trades at aloof 18-times advanced earnings, while revenues rose by added than 60% aftermost quarter. That is a rather air-conditioned disconnect, and it implies advantageous assets in the approaching for MOMO stock.
Red-Hot Tech Stocks 19: Twilio Inc (TWLO)
Source: Web Summit Via Flickr
YTD Gain: 135%
How It Got Here: Uber dead Twilio (NYSE:TWLO) aback they appear that they would be in-sourcing billow app advice casework a while back. Investors cool that added big tech firms would chase suit, and bailed on TWLO stock. But the banal has appear roaring aback in 2018 as added big tech firms haven’t done that, and advance afterwards Uber has remained robust.
Where It’s Activity Next: Just because added big tech firms haven’t followed in Uber’s footsteps yet, doesn’t beggarly that the blow is absolutely off the table. Indeed, I still anticipate it is acceptable that big tech firms do chase in Uber’s footsteps, and Twilio does accept a chump assurance botheration with a few barter accustomed the load. At present levels, TWLO banal isn’t priced appropriately because this risk, and as such, the banal looks chancy actuality and now.
Red-Hot Tech Stocks: Salesforce (CRM)
YTD Gain: 32%
How It Got Here: Cloud giant Salesforce (NYSE:CRM) has connected to address numbers that artlessly draft estimates out of the baptize and wow investors and analysts alike. Thanks to the company’s ample acknowledgment to assorted civil advance markets, able numbers accept led to able amount achievement in CRM stock.
Where It’s Activity Next: This banal is a abiding winner. The aggregation dominates in the overlap of two civil advance industries (cloud and data). Advance is hardly slowing. Margins are healthy. And the valuation, while big, isn’t absurd if you attending out five-plus years.
As of this writing, Luke Lango was connected HEAR, AMD, INTC, AMZN, PANW, ADBE, NTAP, EA, IQ, HUYA, and MOMO.
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The column 20 Red-Hot Tech Stocks to Consider appeared aboriginal on InvestorPlace.
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