The year 2024 has started off strong for the stock market, with the S&P 500 index already up nearly 8% and reaching new highs. The good news is that the market could continue to rise due to a robust U.S. economy and decreasing inflation.
One area to watch is technology stocks, which could have a successful year driven by factors such as artificial intelligence (AI). The Nasdaq-100 Technology Sector index has surged by over 62% in the last year, making it challenging to find bargains in this sector. However, if you have $1,000 to invest after taking care of your financial responsibilities, saving, and paying off debt, consider using that money to purchase one share of each of these two tech companies that appear to be strong buys based on their long-term potential.
1. Twilio
Cloud communications specialist Twilio (NYSE: TWLO) may seem like an unexpected buy recommendation given its past underperformance in the stock market…
2024-03-16 11:00:00
Link from finance.yahoo.com
