3 Top Tech Stocks to Buy in January
By all counts, 2019 has been a great year for investors. After 2018 gained the dubious honor of being the first negative calendar year return for stocks since 2008, the S&P 500 rallied 29% higher. Tech stocks are doing even better, notching a 48% return with just days left before the end of the decade -- as measured by the NASDAQ 100 Technology Sector.
As the 2020s begin, technology -- specifically of the cloud computing variety -- is still one of the primary forces driving the market and the economy higher. Here are three buys for January: Facebook (NASDAQ: FB), Appian (NASDAQ: APPN), and Arista Networks (NYSE: ANET).
There has arguably been no other company in more hot water with consumers and regulators over the last few years than Facebook. Security scandals, privacy concerns, and now government scrutiny over anticompetitive practices (though other tech titans are lumped in with that as well) have taken a toll. Nevertheless, Facebook's platform is as popular as ever, even posting monthly user growth in North America again -- albeit small, at only 1% -- during Q3 2019. Global monthly active users were up 8% during the period, and advertising revenue was up 29%.
Source Fool.com
