The NASDAQ is home to some of the world’s best known tech companies. Here are 10 top tech stocks picked out by Saxo’s team of strategists…And for this week, Saxo Bank is offering zero commission on ALL of these picks.
• First up it’s Apple which is trading close to an all-time-high driven by strong price momentum thanks to healthy iPhone 6 orders.
• Next, Google – which has been in a trading range for over a year now as margins are under pressure due to acquisitions.
• Facebook – is down 10% from its October peak BUT it’s still a very attractive stock based on valuation verses underlying business growth.
• Yahoo – Its price is still being driven by Alibaba due to ownership although its advertising business still isn’t showing growth.
• Tesla Motors – It’s still showing a strong performance - up 65% year to date - as the EV carmaker ramps up production.
• Amazon.com – Shares have slumped 18% this year and the Fire phone flop hasn’t helped.
• Netflix – Is down 2% year to date following the 20% plunge on October 16th as Q3 user growth slowed down more than expected.
• Baidu – is showing strong price momentum. It’s trading close to an all-time-high as investors buy up Chinese Internet stocks.
• Priceline – Well it’s been a volatile year for this travel discount site with flat performance on a weakening outlook PLUS concerns over declining revenue growth.
• GoPro - is UP 230% since its June IPO. That’s driven by its strong consumer brand and growth rate.
