U.S. stocks seem to be getting traction again, and risk indicators are in favor of stocks moving higher. We will share some incredibly valuable insights about intermarket dynamics, which readers can expect throughout this week.
In this article, however, we will pick out 3 investment opportunities when it comes to U.S. stocks. Uncoincidentally, the 3 stocks we picked out are all technology stocks.
First, Intuit (INTU) is a tech stock with a $25B market cap. The stock has traded between $85 and $105 for 18 months now. As the stock market seems to be gaining traction again, this tech stock is ready for a huge breakout.
Adobe (ADBE) is a well-known software provider, but a less known fact is that the company moved to the cloud with all its software services over the last 3 years. In doing so, the profitability of the company has strongly improved, and turnover went higher as well. There is still much room for growth, so it’s a must have stock if stock markets would continue their uptrend.
Last but not least, Equinix (EQIX), provider of data storage and infrastructure for the coming Big Data era, experienced a consolidation/downtrend in 2014, as the company reported losses, but has done great since then. Even during the highly volatile period early this year Equinix remained in a healthy uptrend. There is still sufficient growth potential, although the stock seems somehow overbought at this point.
Comments
Log in or sign up to join the conversation.