Three Tech Stocks For Growth Investors To Buy Now

By their very nature, growth investors are primarily focused on finding companies whose earnings and revenue are expected grow at a rate that outpaces the market. This investment strategy comes with its fair share of risks, but it also brings the exciting possibility of outsized returns—an end goal that every investor desires.

Over the past several years, Wall Street’s most exciting growth stocks have emerged from the technology sector. From industry innovators like Amazon (AMZN - Free Report) and Netflix (NFLX - Free Report) to exciting foreign stocks such as Alibaba (BABA - Free Report), tech-focused growth investors have been rewarded with massive profits recently.

Strong earnings and impressive sales imply that the technology sector’s hot streak could continue throughout 2018—despite recent market-wide volatility. That means that growth investors searching for the next great market-beating stock might want to keep their focus on tech companies.

Luckily, we can pair the proven Zacks Rank with our innovative Style Scores system, which includes a “Growth” category, to find strong growth tech stocks. Investors should note that our Growth category values earnings and sales growth, as well as improvements to a company’s financial statements—including strong cash flows and great return on equity.

With all of this said, check out these three tech stocks for growth investors to consider now:

1. Momo Inc. (MOMO - Free Report)

Momo provides a free social search and instant messaging mobile app in China. The platform is location and interest-based, so users can meet and expand their relationships primarily based on these ideas. Users also build profiles and interact with one another on message and topic boards.

Momo competes directly with the much larger WeChat, which is owned by Tencent (TCEHY - Free Report). However, it still has plenty of space to grow its core business, and the company is looking to expand into other areas. Recently, Momo acquired Tantan, China’s top dating application.

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Disclosure: contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

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