3 Great Tech Stocks for Your IRA
Buying tech stocks to hold over time, such as in an individual retirement account (IRA), can lead to strong gains in the long run thanks to the tech sector's ability to generate new offerings that drive economic growth. An example is this year's emergence of artificial intelligence into the mainstream.
So while tech stocks had a rough 2022, fortunes reversed in 2023, despite ongoing macroeconomic headwinds like persistent inflation. For instance, the 100 largest stocks by market cap on the tech-heavy gained 39% in the first half of the year, the best performance in the exchange's history.
But you don't have to guess which tech companies will produce breakthrough technology. Here are three dependable tech stocks that are excellent long-term investments to consider for your IRA: Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), (NYSE: IBM), and Verizon (NYSE: VZ).
Source Fool.com
International Business Machines Corp Stock
With 44 Buy predictions and 3 Sell predictions International Business Machines Corp is one of the favorites of our community.
As a result the target price of 271 € shows a positive potential of 32.58% compared to the current price of 204.4 € for International Business Machines Corp.
