The tech sector is relatively mixed today. However, there are several opportunities for growth; especially with some of the big guys that are declining today. Here are a few opportunities in tech that I’ve been able to dig up…
Facebook Stock Is Down, But Not For Long
Facebook Inc (NASDAQ: FB)
Facebook has been an incredibly fun stock to watch recently. As the stock continues to gain, FB’s market capitalization is nearing $245 billion; making it one of the top 10 largest companies in the world. Now, the big question is, can it continue to grow? In my opinion, we’ve only seen the beginning. When we talk about Facebook, we’re talking about a social network that’s outgrown its sector. After all, Facebook is no longer a social network; it’s in a category of its own. The company has ingrained itself in the day to day life of the average consumer; and continues to focus on ways to earn more profit from doing so. In the long run, I’m expecting to see more big gains from FB. Considering the fact that the stock is slightly down today, there’s a big opportunity for those that want to get in on the gains!
BlackBerry Stock Is Headed For Big Reversal
BlackBerry Ltd (NASDAQ: BBRY)
BlackBerry hasn’t had the best time in the market recently. After more than a month of climbing, the value of the stock saw a reversal on May 11th; starting a downtrend that has lasted to this day. However, I think that there’s another reversal just around the corner; and this time it’s moving in the positive direction. BBRY recently announced that they are planning to buy back 12 million shares. The goal here is to help dial down dilution in the shares thanks to the employee stock plans. As a result, the stock will most likely increase as supply dwindles and demand rises. So, keep a close eye here; when the uptrend starts, it’s likely to continue for some time!
Ambarella Stock Starts To Rebound…Get Ready For Big Gains
Ambarella Inc (NASDAQ: AMBA)
Last week, a firm known for short-selling, Citron Research released a report on AMBA that sent the stock tanking; stating that the stock was “ridiculous” and insinuating major downside risk. However, Ambarella stock is recovering today as Jim Cramer weighs in with a much more positive opinion. In a recent announcement, Cramer stated that the video-capture chip maker is one of only a handful of companies with accelerating revenue growth and that the stock deserves a premium valuation considering the fact that it is expected to see a 55% growth in revenue in 2016. Today, investors seem to be siding with Cramer; sending AMBA on uptrends that I don’t think are going to stop any time soon. So, keep your eye out for dips because they are likely to prove to be great buying ops.
MeetMe Stock Climbs On Increased Guidance
MeetMe Inc (NASDAQ: MEET)
MeetMe, the emerging social network is up in the market today after announcing that it expects to report higher revenue than previously estimated in the second quarter. The guidance before insinuated revenue to come in at between $9 million and $9.5 million for the quarter. However, new guidance raises the expectations to between $10.5 and $10.7 million; and investors are loving the news. Considering the new guidance, this stock is likely to see gains for some time. So, watch for dips as they will likely be great buying opportunities.
Do You Know Of Any Others?
Do you know of any other stocks in tech that are presenting opportunities? If so, let us know in the comments below!