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13 Best New Tech Stocks to Buy Now | Jobs Vox

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In this article, we will talk about the 13 best new technology stocks to buy right now. If you want to read about some new tech stocks, go straight to 5 Best New Tech Stocks to Buy Right Now

Investments in the technology sector, traditionally seen as one of the most growth-oriented areas of the market, have been nosedived in recent months by fears of a recession. According to Amazon.com, Inc. Popular growth stocks (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT) and Meta Platforms, Inc. (NASDAQ:FB) have all seen their stock prices fall by more than 20 percent this year. Investors wary of big tech but looking for a recovery should consider investing in newer tech names that offer similar growth potential at much cheaper prices.

New technology stocks can be safely viewed as companies exhibiting higher growth rates than the market average. Like growth stocks, these companies offer investors an opportunity to invest in companies whose earnings or net income are expected to grow faster than the market average. However, investments in new technology stocks can be more volatile compared to established stocks. Investors should remember that investing in new technologies increases the chances of profiting from rapid price appreciation. There are many new technology stocks that operate at different scales, from highly promising small businesses to industrial complexes. Some of the key metrics that investors should look at for these firms include sales, earnings and cash flow. These companies have high value and high value, in terms of profit, which makes them more expensive. In the year In 2022, given the macro slowdown that has plagued the stock market, there has been a shift away from new technology and toward value options.

However, the expected slowdown in third-quarter earnings may not be as strong as Wall Street expects. Recent data show 26% fewer CEOs used the word recession on conference calls in the third quarter compared to the second quarter. Additionally, in the third quarter of 2022, 69% of S&P 500 companies beat earnings estimates, while 71% beat consensus earnings estimates. Since 2000, growth stocks have outperformed their value counterparts. However, this equation has changed in the last few months.

Photo by Ruben Sukattendel on Unsplash

Investors interested in value stocks should remember that past performance does not predict future performance, and picking individual stocks can be a risky business. Many investors buy index mutual funds and exchange-traded funds, which combine hundreds or thousands of stocks into a single investment. Although these carry low levels of risk, they usually do not exceed the broader market. New technology stocks, on the other hand, are riskier but more rewarding bets.

Our method

Companies engaged in the technology sector and participating in the stock market in 2022 were selected for the list. Special emphasis is placed on describing each firm’s fundamental business fundamentals and analyst standards to provide some context for readers to make more informed investment choices. In the year Data from nearly 900 elite hedge funds tracked by Insider Monkey through the third quarter of 2022 was used to determine the number of hedge funds that held stakes in each firm.

The best new tech stocks to buy now

13. Ivanhoe Electric Inc. (NYSE:IE)

Number of Hedge Fund Holders: 11

Ivanhoe Electric Inc. (NYSE:IE) It operates as a mineral exploration and development company in the United States. On December 8, Ivanhoe Electric announced that Cordoba Mining Corporation and JCHX Mining Management Co., Ltd. C√≥rdoba’s flagship Alacran project in Colombia has announced that they have agreed on a strategic arrangement for joint development. Ivanhoe Electric owns a 63.27% interest in Cordoba.

In the year At the end of the third quarter of 2022, 11 hedge funds in Insider Monkey’s database held Ivanhoe Electric Inc. (NYSE:IE) held shares worth $71.5 million, compared to $54.4 million in the previous quarter.

According to Amazon.com, Inc. (NASDAQ: AMZN ), Microsoft Corporation (NASDAQ: MSFT ) and Meta Platforms, Inc. (NASDAQ: FB ), Ivanhoe Electric Inc. (NYSE:IE) is one of the best new technology stocks. According to the great investors to buy now.

12. Pagaya Technologies Ltd. (NASDAQ:PG)

Number of Hedge Fund Holders: 11

Pagaya Technologies Ltd. (NASDAQ:PGY) It operates as a financial technology company in Israel, the US and the Cayman Islands. In the year On November 10, Pagaya Technologies posted third quarter 2022 earnings, reporting a loss of $0.02 per share. Revenue for the period was $204 million, up 49.3 percent from the same period last year and beating market estimates by $26 million.

On October 12, Wedbush analyst David Chiaverini initiated Pagaya Technologies Ltd. (NASDAQ:PGY) stock to neutral rating and $2 price target coverage, citing liquidity as a key driver of the company’s growth.

In the year At the end of the third quarter of 2022, 11 hedge funds in Insider Monkey’s database held stakes in Pagaya Technologies Ltd. (NASDAQ: PGY ) worth $189.7 million, up from $127.8 million in the previous quarter.

11. Springbig Holdings, Inc. (NASDAQ:SBIG)

Number of Hedge Fund Holders: 12

Springbig Holdings, Inc. (NASDAQ:SBIG) It operates a software platform that provides customer loyalty and marketing automation solutions for cannabis retailers and brands in the United States and Canada. In the year On Aug. 26, Dec. 8, Springbig Holdings posted second-quarter 2022 earnings, reporting a loss of $0.14 a share, beating market estimates by $0.02. Revenue for the period was $6.6 million, an increase of 13.8 percent compared to the same period last year and missing market estimates by $0.4 million.

In the year At the end of 2022Q3, the 12 hedge funds in Insider Monkey’s database held $297,000 worth of holdings in Springbig Holdings, Inc. (NASDAQ:SBIG), earned $1 million compared to 16 in the previous quarter.

10. Alvotech (NASDAQ:Alvo)

Number of Hedge Fund Holders: 13

Alvotech (NASDAQ:ALVO) It develops and manufactures biosimilar medicines for patients worldwide. On December 7, Alvotech announced that STADA, a pharmaceutical company, and Alvotech Hakindra are launching a high-concentration, low-dose, citrate-free formulation of adalimumab in several European countries. Hukindra is similar to AbbVie’s drug Humira.

In the year At the end of the third quarter of 2022, 13 held shares in Alvotech (NASDAQ:ALVO) worth $115.6 million in Insider Monkey’s database.

9. Semantics, Inc. (NASDAQ:STIX)

Number of Hedge Fund Holders: 14

Semantics, Inc. (NASDAQ:STIX) Provides consulting, training and support for big data solutions, data science, enterprise search, machine learning and the Internet of Things. In the year On August 31, Semantics Inc. announced that it has acquired Zeta Health Analytics, a Brazilian health data analytics company, to expand its ability to serve healthcare customers with SaaS data solutions. Semantics expects the acquisition to complement the growth of the Semantics Data Platform.

In the year 14 hedge funds in Insider Monkey’s database held $2.5 million worth of shares in Semantics Inc. (NASDAQ: STIX ) at the end of 2022Q3.

8. Noggin, Inc. (NASDAQ:NOGN)

Number of Hedge Fund Holders: 15

Noggin, Inc. (NASDAQ:NOGN) As an e-commerce, technology platform provider in the apparel and accessory industry, it operates in the multi-channel retail, business-to-consumer and business-to-business domains. Some of the products it offers include website development, photography, content management, customer service, marketing, warehousing and fulfillment. The company is headquartered in California.

In the year At the end of the third quarter of 2022, 15 hedge funds in Insider Monkey’s database were held by Nogin, Inc. (NASDAQ:NOGN) held $1.7 million worth of shares.

7. Gogoro Inc. (NASDAQ:GGR)

Number of Hedge Fund Holders: 15

Gogoro Inc. (NASDAQ:GGR) It produces two-wheeled electric vehicles. On September 28, Gogoro signed a NT$10.7 billion five-year credit facility agreement, with a two-year extension option, with a group of ten syndicated banks. The facility consists of two term loans and a revolving facility used to pay off current outstanding loan facilities.

On November 11, Benchmark analyst Faune Jiang maintained a buy rating. Gogoro Inc. (NASDAQ:GGR) stock and He lowered his price target to $7 from $11, highlighting the company’s third quarter earnings report.

In the year At the end of the third quarter of 2022, 15 hedge funds in Insider Monkey’s database held $20.5 million worth of GoGoro Inc (NASDAQ: GGR ), up from $38.5 million in the previous quarter’s 14.

6. Polestar Automotive Holdings UK PLC (NASDAQ:PSNY)

Number of Hedge Fund Holders: 15

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) manufactures and sells premium electric vehicles. On October 12, Polestar Automotive Holding introduced the Polestar 3 electric performance SUV. The first all-electric five-passenger SUV will cost $84,000, but less expensive versions are expected to follow. This is the first car from the company to feature centralized computing with the NVadi DRIVE core computer.

On November 16, Citi analyst Itai Michael continued coverage of Polestar Automotive Holding UK PLC. ( NASDAQ:PSNY ) maintains a buy rating and a price target of $12.

In the year The 15 hedge funds in Insider Monkey’s database held $62.7 million worth of shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) at the end of 2022Q3, up from $91.9 million last quarter.

From Amazon.com, Inc. (NASDAQ: AMZN ), Microsoft Corporation (NASDAQ: MSFT ) and Meta Platforms, Inc. New tech stocks to buy now, according to top investors

Click to continue reading and check out the 5 best new tech stocks to buy right now.

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Disclosure. nothing else. 13 Best New Tech Stocks to Buy Now Originally published on Insider Monkey.

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