The Technology Authority

3 Technology Stocks You Can Buy and Hold for the Next Decade

Let’s be honest. A lot of people say their positions in flashy technology companies are meant to be long-term holdings, but they’re really just an effort to make a quick buck. And that’s OK. Any profitable trade is technically a good trade. If you can get in and out at the right time, so be it.

Thing is, there are plenty of tech names that are more than just flash-in-the-pan prospects, and are better suited for holding periods measured in years rather than weeks.

Here’s a closer look at three such technology companies. Not only will they be just as

Read More

Best Growth Stocks To Buy Now? 4 Software Stocks To Watch

4 Top Software Stocks To Watch This Upcoming Week

We live in a world where software is the driving force in powering our increasing dependence on technology and digitalization. As a result, investors would turn to software stocks when looking for long-term gains in the stock market. It is a given that software companies would constantly be improving their offerings to keep up with the latest tech. Hence, there would be more than sufficient news from the sector to keep investors interested moving forward. After all, the sector comprises some of the largest companies in the world.

Major companies

Read More

3 Top Software-as-a-Service Stocks to Buy in June

This past spring has not been kind to software-as-a-service (SaaS) stocks. After an epic rise during the first year of the pandemic, many of them have taken steep double-digit-percentage hits as of late. The problem isn’t with cloud-based businesses themselves, but rather general investor rotation into companies that could benefit from “economic reopening” as consumer behavior starts to normalize again.

The cloud is a secular growth trend, though, and many SaaS stocks are now on sale. Three that look like especially good buys in June are Palo Alto Networks (NYSE:PANW), Anaplan (NYSE:PLAN), and PubMatic (NASDAQ:PUBM).

Palo Alto

Read More

Stocks Drop as Technology Shares Retreat

U.S. stocks fell Thursday as fresh weekly data showed a continued recovery in the labor market and traders kept a close eye on any potential policy shifts from the Federal Reserve.

The S&P 500 fell 15.27 points, or 0.4%, to 4192.85, while the Dow Jones Industrial Average slipped 23.34 points, or 0.1%, to 34577.04. The Nasdaq Composite lost 141.82 points, or 1%, to 13614.51, dragged down by the tech stocks that propelled the market higher during the pandemic.

Investors have been watching the economic recovery—and signs of a corresponding jump in inflation—and gauging how it will affect the Federal Reserve’s

Read More

Technology, high-growth stocks could lose out from Biden’s capital gains tax plan | The Mighty 790 KFGO

By David Randall, Lewis Krauskopf and Stephen Culp

NEW YORK (Reuters) – Wall Street is skeptical President Joe Biden’s expected proposal to hike capital gains taxes could pass the Senate, but investors see risks that tax-motivated selling could still weigh on technology and other sectors that skyrocketed during the pandemic.

Biden’s proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, and nearly doubling taxes on capital gains to 39.6% for people earning more than $1 million, according to sources familiar with the plan.

While any tax increase will likely be lower than Biden’s initial proposal

Read More

UiPath IPO to raise nearly $1.5 billion as cloud stocks retreat

UiPath co-founder and CEO Daniel Dines


UiPath’s New York Stock Exchange debut scheduled for Wednesday will mark one of the biggest software IPOs in U.S. history and will be the most hyped first trade for cloud investors since Snowflake went public in September.

But the company, whose software helps businesses automate office tasks, has to contend with escalating investor concern over frothy valuations and a market rotation away from high-growth tech.

In recent years, cloud has been a can’t-miss bet. From Zoom’s skyrocketing popularity after its 2019 IPO and Shopify’s growth in e-commerce, to surging demand for cloud security

Read More