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2 'Strong Buy' Tech Stocks for the Second Half of 2021

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Today’s episode of Full Court Finance at Zacks dives into the market’s strong run to end the second quarter. The episode then explores why investors might want to consider adding two Zacks Rank #1 (Strong Buy) stocks, Zoom Video (ZM - Free Report) and ServiceNow (NOW - Free Report) , as long-term buys for the second half of 2021 and beyond.

The market surged to new highs to end the second quarter and begin Q3 at fresh records. The S&P 500 jumped to its seventh consecutive record last Friday, for its longest streak since the late 1990s. The Nasdaq also jumped to highs and Dow hit its first closing records since early May, before the long July Fourth weekend.

The positivity to end the week came on the back of a strong June jobs report. The data created what some on Wall Street are calling a Goldilocks scenario for the Fed since unemployment edged slightly higher, up to 5.9% last month from 5.8%, as more people look for work.

Wall Street has driven stocks to highs amid the low volume summer months. The market has pulled back on inflation worries, at least for now. In fact, the yield on the 10-year U.S. Treasury note slipped from 1.75% in late March down to 1.37% on Tuesday morning.

The ability to look beyond rising prices amid the booming U.S. economy could mean Wall Street understands that TINA investing won’t end anytime soon no matter when the Fed starts to raise rates. The market records, which has big tech from Microsoft (MSFT - Free Report) to Adobe (ADBE - Free Report) back at new highs is supported by U.S. economic expansion and the constantly improving S&P 500 earnings picture (also read: Durable Earnings Growth Expected).

Given this backdrop, investors might want to consider adding strong stocks for the second half of 2021 that could become solid long-term additions to many portfolios. Today, we look at why #1 (Strong Buy) ranked Zoom Video and ServiceNow might be worth buying as they regain momentum.

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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

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