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While the will-it-or-won’t-it debate is likely to plunge the economy into recession dominates business news, investors may still want to look ahead with the latest technology to buy. . These businesses are responsible for some of the leading innovations of our time, contributing to sustainable demand.
Basically, technology is kept to buy profit from the natural progress of human society. After all, whether a recession happens or not, businesses will continue to strive for growth and excellence. In some ways, some technology games can be safer than you might first believe.
On the technology front, a number of leading consumer electronics companies experienced significant losses last year. While red ink has its downsides, in the long run, getting a polished technical game now can pay off big in the future. If you’re looking to cut through the clutter, below are some of the best companies out there.
ASML
ASML
$690.85
NVDA
Nvidia $214.86
Image of MSFT
Microsoft $261.92
The value of ISRG
Optional Surgery $259.72
YOU
Price $449.28
YEAR
Rockwell Automation $290.54
SMR
NuScale Power $10.88
ASML
Source: Ralf Liebhold / Shutterstock
Behind the many semiconductor-related technologies to buy, ASML (NASDAQ:ASML) is probably not a household name. However, this is a very important part of the new innovation. Specifically, the company makes extensive use of ultraviolet (EUV) lithography, a construction technology that prints designs on silicon metal. ASML tends to stand alone in this regard, making it irreplaceable.
To be fair, prospective investors currently don’t see much value in ASML shares. Per Gurufocus.com’s owner’s valuation of the fair market value (FMV), the business values itself at a premium. That said, the company has a stable website and strong performance.
For example, its three-year interest rate of 23.8% is better than about 80% of its peers. Below, ASML has a margin of 25.91%. This figure is above 87% of players in the market. Perhaps most importantly, Wall Street analysts view ASML as a bargain and a strong buy. With opinions among hedge funds pinging as the best, ASML easily represents one of today’s best buys.
Nvidia (NVDA)
Source: Michael Vi / Shutterstock.com
Although perhaps best known for its video games and blockchain-centric graphics processing units, Nvidia (NASDAQ:NVDA) flexes its muscles in several appropriate areas. One of them is based on driving. Through its research and development of advanced sensors and artificial intelligence and machine learning systems, Nvidia is gradually developing autonomous mobility.
According to Strategic Market Research, the global autonomous vehicle market will have a revenue of $25.14 billion in 2021. By 2030, analysts there predict that this segment will hit $196.97 billion, representing a compound annual growth rate (CAGR) of 25.7%. Gurufocus.com’s FMV calculation, rates NVDA as an affordable investment. In theory, the company’s Altman Z-Score of 17.09 indicates a high level of confidence in the stock. Also, Nvidia benefits from excellent cash flow and profitability.
Meanwhile, Wall Street analysts rate NVDA as a consistent buy. Even better, the hedge fund’s outlook is very positive, making it one of the best tech stocks you can buy.
Microsoft (MSFT)
Source: Asif Islam / Shutterstock.com
A steady hand in innovation, Microsoft (NASDAQ:Image of MSFT) is one of the most modern tools for shopping for almost anything. However, the software (and hardware) giant has been flexing its muscles recently. In particular, Microsoft made headlines for its deep business ventures OpenAIthe company that owns the chatbot website ChatGPT.
Fears arose because ChatGPT would disrupt businesses related to search engines, as well as anything related to online education. I am not mentioning names here but you can follow the mentioned link for more information. However, it’s possible that Microsoft could eventually become a major player in online search, making its competitors happy.
Another thing that is expanding MSFT’s position in all its concepts. With a strong balance sheet, consistent growth, and a very profitable business, Microsoft makes a compelling proposition among technology stocks to buy. Meanwhile, Wall Street analysts rate MSFT as a consensus buy. Also, sentiment among hedge funds tends to be very positive.
Intuitive Surgical (ISRG)
Source: Peshkova / Shutterstock
It is one of the most modern products you can buy in the health sector, Practical Surgery (NASDAQ:The value of ISRG) gained international fame for his da Vinci surgical technique. Providing more opportunities for better patient outcomes, Intuitive enables greater accuracy in clinical practice. Also, its minimally invasive approach could result in fewer hospital stays, which would cost money.
According to Grand View Research, the growth of the global robotic system market reached a value of $16.1 billion in 2021. Experts expect this segment to grow at a double-digit CAGR to reach an annual revenue of $76.4 billion. Given that ISRG’s stock has fallen 14% over the past year, the volatility may present a long-term downside risk.
Gurufocus.com’s FMV calculation, rates ISRG as the lowest. In theory, the company offers a value proposition. First, it has zero debt on its books, which makes it incredibly flexible. Second, it enjoys excellent performance statistics, such as double the growth of digital currency and profitable metrics that multiply the share.
It is not surprising that ISRG has a strong bond. And that’s because, over the long term, you won’t find many great stocks to buy.
Intuit (INTU)
Source: Shutterstock
At the highest level, the tax preparer, and accountant, Information (NASDAQ:YOU) doesn’t sound like one of the modern shopping trends. However, I’ve been shaking the table at INTU because of the impact it has on the gig economy.
In fact, people’s job expectations have changed due to remote work during the coronavirus pandemic. However, large enterprises began to recall their employees, and stopped the domestic experiment. Of course, worker bees won’t like that. Personally, I believe many will fall in line because the gig work life is random unless one has the skills.
However, many trade their suits and ties for any job they can find. However, gig workers (commonly known as independent contractors) must pay a “business” tax. In short, it’s more complicated than the taxes that employees pay. So, Intuit can help, and make it worth it. Also, a big bonus is that Wall Street analysts rate INTU as a strategic buy. You already know my opinion. It is easy to buy one of the most modern things you can buy.
Rockwell Automation (ROK)
Source: shutterstock.com/whiteMocca
From high-tech shopping to the easy-to-see, Rockwell Automation (NYSE:YEAR) deserves further consideration. As its name suggests, Rockwell specializes in mechanical engineering. Despite its high priority, the ROK has run into pitfalls over the past year. However, so far this year, the ROK has gained more than 8%.
It is quite possible that they can climb to the top of the charts. According to Grand View Research, the growth of the global industrial and control market reached a value of $172.26 billion. Experts there predict that the sector will grow at a 10.5% CAGR to generate sales of $ 377.25 billion by 2030. Naturally, Rockwell stands to be very profitable, making it one of the most modern shopping malls.
To be fair, it’s not the cheapest deal. However, investors should find encouragement from its positive pages and growth metrics. Also, Rockwell has a margin of 13.6%, which is better than most of its peers. Finally, the hedge fund’s view of ROK’s stock as positive, meaning you should keep it on your radar.
NuScale Power (SMR)
Source: T. Schneider / Shutterstock.com
Rounding out the list of modern products to buy is one of my favorite topics to discuss, The power of NuScale (NYSE:SMR). A nuclear power solutions provider, NuScale uses small scale reactors (SMRs). Although it is not a new innovation, NuScale pioneered commercialization in the U.S. Considering the energy challenges we are facing, SMR is going to increase significantly in the next few years.
Now, SMRs are compelling because they represent a permanent network of small nuclear weapons. The plan enables NuScale to build nuclear power plants closer to power sources. In addition, SMRs incorporate advanced security protocols, providing assurance to nearby residents.
As an ambitious company, NuScale is not happy with finances. That said, the company has no debt on its books, a lack of government business of course.
Although experts often have an optimistic view of SMR, at TipRanks, no Wall Street analyst has weighed in on the shares in the past three months. However, this could be good for those who prefer under-the-radar tech stocks to buy.
On the day of publication, Josh Enomoto did not have (directly or indirectly) any rights to the securities mentioned in this article. The opinions expressed in this article are those of the author, according to InvestorPlace.com Printing Instructions.
A former Sony Electronics business analyst, Josh Enomoto has helped win major contracts with Fortune Global 500 companies. Over the past several years, he has provided unique, valuable insights into the financial markets, as well as a variety of other industries including law, construction management, and healthcare.
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