S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Porter Stansberry exposes $100 billion hoax (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
Porter Stansberry exposes $100 billion hoax (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
AI Stock Caught Trading Under Secret Name (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Porter Stansberry exposes $100 billion hoax (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
Porter Stansberry exposes $100 billion hoax (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
AI Stock Caught Trading Under Secret Name (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Porter Stansberry exposes $100 billion hoax (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
Porter Stansberry exposes $100 billion hoax (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
AI Stock Caught Trading Under Secret Name (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Porter Stansberry exposes $100 billion hoax (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
Porter Stansberry exposes $100 billion hoax (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
AI Stock Caught Trading Under Secret Name (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift

Tech Stocks to Sink Your Teeth into in 2022

Tech Stocks to Sink Your Teeth into in 2022

The driven technology expansion has given us, well… You know. Artificial intelligence, voice assistants, software providers, navigation software, semiconductor producers and stuff we aren't even aware of… yet. 

Right now, tech stocks are getting hit due to the same old, same old: higher inflation, less liquidity in the markets, tighter monetary policy expectations from the Federal Reserve and a hike in bond yields. The bull run equals shaky ground in the sector and its pricey stocks don't help matters, either. 

Still, the initial economic troubles of the sector shouldn't curb enthusiasm for technology for the wide opportunities it can offer. This sector offers unlimited potential and tech represents some of the most exciting investing opportunities available. We've put together an overview of tech stocks and three excellent options for 2022 in this piece. Let's dive in. 

What Are Tech Stocks?

Sector-specific tech stocks represent publicly traded companies in the area of technology. The tech sector comprises businesses that sell goods and services in the following industries: 

  • Electronics: Electronics makes up manufacturers of accessories and parts used in electronic products, such as fixed resistors, plasma displays, fiber optic connectors, hybrid circuits, transformers and more.
  • Software: Software influences just about every digital avenue we pursue, from "the cloud," (servers on which different types of software run and that you can access on the internet) and software as a service (SaaS), a type of licensing model in which you access software on a subscription basis. Basically, software fits neatly into the tech stocks sector due to computer code and platforms that make those devices work.
  • Computers: You may think of computers immediately when you think of tech stocks, and while computers maintain their place in tech stocks, you may want to think beyond computers themselves. What other companies create computer parts and/or relate to computer technology? They may offer ample investment opportunities.
  • Artificial intelligence (AI): One example of thinking beyond the laptop sitting in front of you has to do with AI — when computers start to emulate the human brain. Investment opportunities lie in deep learning, in which AI is used to reproduce our ability to learn; and machine learning, which means machines learn without specific programming. Think Amazon's Alexa for the most popular example of AI.
  • Information technology: Information technology has to do with creating systems for storing, retrieving and sending information.

Some of the companies with the largest market capitalization in the world belong to the tech sector. Apple NASDAQ: AAPL, Microsoft NASDAQ: MSFT and Alphabet NASDAQ: GOOG (C shares) and Alphabet NASDAQ: GOOGL (A shares). 


Three Options for Tech Stocks in 2022

Let's take a look at some tech stock options for this year beyond the usual suspects of Apple NASDAQ: AAPL, Microsoft NASDAQ: MSFT, and Alphabet NASDAQ: GOOG, and Alphabet NASDAQ: GOOGL. We'll also throw in an ETF for good measure, just in case you're interested in diversifying your portfolio.

Oracle Corporation NYSE: ORCL

Oracle Corp., headquartered in Austin, Texas, provides products and services that address all aspects of corporate information technology environments. It has three business segments: cloud and license, which markets, sells and delivers applications, platform and infrastructure technologies; hardware, which provides hardware products and hardware-related software products; and services, which offers consulting, advanced support and education services. 

In Q2, Oracle's total revenue was up 6% to $10.4 billion and total cloud revenue (IaaS plus SaaS) was up 22% to $2.7 billion. Fusion ERP cloud revenue was up 35% and NetSuite ERP cloud revenue was up 29%. The company has a $246.1 billion market capitalization and a 39.20% return since the beginning of 2021, and its 12-month returns are up over 52%. 

Oracle continues to make waves in cloud computing through organic research and development and small acquisitions. Oracle's subscription-based model continues to garner attention in the public cloud market. Its strong balance sheet and tendencies to be a cash flow generator can result in dividends for shareholders.

Intel Corp. NASDAQ: INTC

Chipmaker Intel Corp. had a dusty 2021; new leadership may give it a shot in the arm. With its 7-nanometer chips and plans to spend $20 billion to build two new semiconductor fabs in Arizona, Intel Corp., headquartered in Santa Clara, California, can pull out new stops in 2022. 

Intel Corp. designs, manufactures and sells computer products and technologies on computer, networking, data storage and communications platforms. More specifically, it makes processors, chipsets, server products, Ethernet products and more. It focuses on emerging technologies like edge computing, 5G networks, cloud computing, AI, autonomous driving — you know, all the stuff you hear about for the future.

Intel Corp. shored up third-quarter GAAP revenue of $19.2 billion, up 5% year over year and non-GAAP revenue of $18.1 billion, up 5% year over year. Intel's Internet of Things (IoT) Group (IOTG) achieved record revenues, as did the Data Center Group (DCG) and Mobileye businesses. GAAP earnings-per-share (EPS) was $1.67; non-GAAP EPS was $1.71, which exceeded July reports by $0.61. 

Vanguard Information Technology ETF NYSEARCA: VGT

The Vanguard Information Technology ETF might be in your wheelhouse if you want a more diversified technology with a benchmark index that measures the investment return of stocks in the information technology sector. The ETF boasts a wide array of stocks of companies that serve the electronics and computer industries and which manufacture products based on the latest applied science. Technology hardware and storage make up the largest portions of the ETF, and analysts can see over a 12% upside for the ETF and its underlying holdings, including OneSpan Inc. NASDAQ: OSPN, BigCommerce Holdings Inc. NASDAQ: BIGC and JFrog Ltd. NASDAQ: FROG

Buy Tech Stocks for the New Year

It's easy to see the trouble tech stocks had in 2021 and feel a bit leery about the sector. However, it's important not to give up on the sector — it can offer a multitude of opportunities to stoke your portfolio.  

If you want to steer clear of FAANG stocks, you can. Make sure you investigate performance of all potentials from the top down. 

→ The perfect AI stock under $10 (From The Oxford Club) (Ad)

Should you invest $1,000 in Intel right now?

Before you consider Intel, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intel wasn't on the list.

While Intel currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Intel (INTC)
4.6671 of 5 stars
$43.47-2.4%1.15%111.46Hold$41.48
Oracle (ORCL)
4.9705 of 5 stars
$108.16-0.3%1.48%29.88Moderate Buy$127.00
Microsoft (MSFT)
4.8563 of 5 stars
$402.18-0.2%0.75%36.36Moderate Buy$411.06
Alphabet (GOOG)
3.7686 of 5 stars
$143.84+1.2%N/A24.80Buy$146.33
Apple (AAPL)
4.9131 of 5 stars
$182.32+0.4%0.53%28.40Moderate Buy$205.27
Compare These Stocks  Add These Stocks to My Watchlist 

Melissa Brock

About Melissa Brock

  • brockm1@central.edu

Associate Editor & Contributing Author

Dividend Stocks, Retirement

Experience

Melissa Brock has been an associate editor & contributing writer for MarketBeat since 2021.

While working in college admission, Melissa Brock pursued a freelance writing and editing career. She currently works as a full-time freelance writer and financial editor covering higher education, investing, personal finance, mortgages, college savings, insurance, and more. 

She developed her website, College Money Tips, to help families navigate the college journey. She connects with a wide-reaching audience through her site, through an upcoming digital course, and the myriad of publications for which she writes. Melissa graduated summa cum laude with a bachelor of arts in communication studies with minors in psychology and Spanish from Central College. She's a longtime member of the National Association of College Admission Counseling (NACAC).


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