5 Best Tech Stocks to Invest in July 2021

With the advancement of technology, investors are increasingly getting attracted towards using advanced technology. The Technology industry is flourishing as years go by, with new inventions taking place almost every day. As researchers are confident that the tech industry will be at the forefront for the coming 50 years, investors should consider putting their funds into upcoming and established tech stocks. With that being said, here are 5 of the best technology stocks that investors can look out for in July.

1. Intel Corporation (NASDAQ: INTC)

Intel is one of the biggest companies for designing and manufacturing technology for cloud, smart and connected devices. The company has recently announced that it will begin production of a new chip named “Sapphire Rapids” which is a new version of the Xeon server chip line by Q1 2022.  The new chip will widen the company’s already strong hold in AI.  According to information released by the company, the new chip will improve AI performance by at least four to eight folds.

Additionally, iFive’s RISC-V IP will be used in Intel’s new foundries as part of a new licensing agreement.  It is a necessary first step to meet increased consumer demand for chips with the same performance but with a lower degree o power consumption. All of these factors make INTC, an advantageous tech stock to pick up in July.

67% of all retail investor accounts lose money when trading CFDs with this provider.

2. Verizon Communications Inc. (NYSE: VZ)

Verizon is at the forefront of the telecommunications industry and has recently focused on adopting 5G technology. It is accompanied that has been preparing and allocating resources to meet the rising customer demand for improved networks and communication. However, shares for Verizon has been trading sideways for the past several months, offering investors a chance to buy on dips.

According to Verizon’s financial statements, its first-quarter revenue experienced a 4% year-over-year growth to reach $32.9 billion. This is the second-ever instance where the company has increased its revenue from both wireless equipment, as well as its other services. It had a strong cash flow performance, with $5.2 billion in free cash flow for the first quarter of the year. These cash flows allow investors to receive $2.51 per share in the form of dividends, at a yield of almost 4.5%. Thus, VZ shares are ideal for investors who prefer rising dividends and consistent growth.

67% of all retail investor accounts lose money when trading CFDs with this provider.

3. Cisco Systems Inc. (NASDAQ: CSCO)

As a multinational company involved in designing and selling a range of technologies, Cisco Systems Inc. has a presence across networking, collaborations, application development, security and cloud computing. With technologies such as 400 gigabit Ethernet, Wi-Fi 6 and 5G, the company is primed to experience growth. With the adoption of the above-mentioned technology, coupled with improving IT infrastructure, consumer spending on networks could increase substantially. Cisco can still be an attractive asset as revenues can increase as a result of a return to offices, the company’s increasing participation in public cloud infrastructure and increased hybrid cloud network adoption.

Cisco’s high-margin software division has experienced rapid growth. The company generated $4 billion in software revenue in the most recent quarter. This is a growth rate of almost 13% year-over-year, accounting for 30% of the total revenue.’ A steady flow of cash to the company was provided by increased subscriptions which accounted for more than 80% of its total software sales.  The company’s future move to software will position it to experience increased profitability at a much faster rate than its revenue.

67% of all retail investor accounts lose money when trading CFDs with this provider.

4. Alibaba Group Holding Ltd. (NYSE: BABA)

The Chinese e-commerce giant and the “Amazon of China”, Alibaba is well known in the international business community. It is the proud owner of popular Chinese e-commerce sites such as Taobao and Tmall. The company has acquired a sizable stake in fintech company Ant group, through which it operates Alipay.  The company has a host of other divisions as well, consisting of its large cloud computing segment.

Alibaba reported a revenue of 717 billion yuan ($111 billion) year-over-year in its last quarterly result, which is a 41% revenue growth. Its Chinese retail business was the main driver for its revenue growth. The company has announced plans to develop self-driving delivery trucks to assist in its e-commerce services.  It recently updated its existing partnership with ZIM Integrated Shipping Services for another 2 years.  All of these point towards BABA being a good share to pick up in July.

67% of all retail investor accounts lose money when trading CFDs with this provider.

5. CrowdStrike Holdings Inc. (NASDAQ: CRWD)

Crowdstrike Holdings Inc. is at the centre of cloud computing and endpoint security, positioning itself as a big player in a rapidly transforming industry. The company also provides cyberattack response and threat intelligence services. Its proprietary Falcon platform offers customers protection against the increasing threat of cybercrimes.  It has retained 98% of its clients.  During the fiscal first quarter of the year, 64% of the company’s clients purchased at least 4 cloud module subscriptions.

Stifel recently upgraded the company and gave a “buy” rating,  as well as a new price target with a 25% potential increase. The company isn’t showing signs of slowing down anytime soon due to its consistently rapid growth, which could lead to an upside for its shares. With cyber-security solutions experiencing more demand than ever, CRWD shares have a huge chance of continuing to climb in the long run, making it attractive for investors in July.

67% of all retail investor accounts lose money when trading CFDs with this provider.

Shares of technology companies are often a leading indicator of a country’s stock market and economy. The pandemic has increased the demand for tech shares all over again.  With many tech companies rising up to the occasion and tackling the challenges head-on, the pandemic has netted many positive results for the tech industry as a whole. Choose a stock that is trading at a reasonable valuation after considering its growth prospects. Paying a premium for stock makes sense if you think that earnings from a particular share will grow exponentially in the coming years. However, your investment will fail if your initial evaluation of the company’s growth prospects is wrong.