Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains takes a look at three large-cap technology stocks that investors might want to consider buying for December.
The Dow, S&P 500, and Nasdaq all slipped Monday, on the first trading day of December, after President Trump said he would restore tariffs on steel and aluminum imports from Brazil and Argentina. On top of that, the Institute for Supply Management’s manufacturing index fell to 48.1 in November.
Despite the downturn to start the month, investors should remember that November marked the stock market’s strongest performance since June. Meanwhile, the U.S. holiday season shopping appears strong and third quarter GDP growth was revised upward recently.
With this in mind, we highlighted three stocks from the broader tech industry that investors might want to consider buying for December. The episode begins with why Adobe Systems (ADBE - Free Report) stock appears strong after its shares have already blown away its peer group in recent years, which includes Salesforce (CRM - Free Report) and other giants.
Next, we dive into Garmin (GRMN - Free Report) and why the firm famous for its in-car GPS devices and fitness trackers that compete against the likes of Fitbit (FIT - Free Report) appears so solid as it expands its higher-end businesses such as aviation.
The episode then closes with a look at Microsoft (MSFT - Free Report) , which is one of only two public companies with a market cap over $1 trillion—alongside Apple (AAPL - Free Report) . The stock and the company are ready to continue to expand as the historic tech firm competes alongside Amazon (AMZN - Free Report) in cloud computing.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>