Credits: Unsplash
By: Aquib Nawab
Finance
The January effect has boosted stock markets, with the S&P 500 hitting all-time highs. Tech stocks continue to rally in January 2024. We present three tech stocks with Strong Buy ratings from analysts for your consideration.
Credits: Unsplash
Advanced Micro Devices (AMD) is a big tech company. They make computer chips. Right now, they have a chip called MI300X, which is really important for things like artificial intelligence. Many people think it's better than a competitor's chip called H100.
Credits: Unsplash
Experts who study stocks have given AMD a Strong Buy rating. This means they believe AMD's stock will go up a lot in the next year or so. In the last month, 13 experts have said good things about AMD's stock.
Credits: Fool
T-Mobile is a big cell phone company. They have the fastest network for a new technology called 5G. This is important because more people are using data on their phones, and that makes T-Mobile a winner.
Credits: T-mobile
Experts say you should buy T-Mobile's stock. They expect the company's profits to grow by 21% in the next year. That's a good sign. Over the next five years, they think profits could go up by 68%.
Credits: Office Lovin
Right now, T-Mobile's stock is not very expensive. It costs 23.4 times its earnings, which is lower than usual. It's a good deal compared to the last five years when it was more expensive.
Credits: Wired
Bel Fuse is a company that has been around for a long time. They make things that help electronics work. They have three parts of their business: power, connectivity, and magnets.
Credits: Unsplash
Bel Fuse thinks more companies will need their products in 2024. This includes businesses in aerospace, defense, and trains. They also expect more demand in areas like artificial intelligence and electric vehicles.
Credits: Unsplash
In the last year, Bel Fuse made more money than the year before. Their profit margin is also getting better. In 2019, they made about 22.9 cents for every dollar they earned. Last year, it was 32.5 cents. This is good for investors.
Credits: Unsplash