The technology sector has been on a tear, as reflected by the 19.31 percent gain of the Technology Select Sector SPDR Fund (NYSEARCA:XLK) thus far this year. But putting aside funds for a moment let's take a look at individual stocks every investor should own.
Roku (NASDAQ:ROKU) is a direct play on the cord-cutting and TV streaming movement. It makes over-the-top (OTT) TV streaming devices that allow people to access apps such as Netflix (NASDAQ:NFLX) , Amazon (NASDAQ:AMZN) and Hulu. It also developed an operating system that accesses the same apps, and which comes pre-installed on many smart TVs.
Cypress Semiconductor (NASDAQ:CY) has been turning out semiconductor products for 35 years. Cypress has value as a result of merging with Spansion, a leader in automotive electronics. They also acquired the IoT portfolio from Broadcom (NASDAQ:AVGO). Those two things have given them a competitive advantage.
Talend (NASDAQ:TLND) is poised to capitalize on global data volume increases and the transition to hybrid IT architectures leveraging the cloud are positive trends expected to continue helping to drive expansion for the company.
Luxoft Holding (NYSE:LXFT) is a top pick for any investor looking for a small-cap enterprise technology stock in a transition mode that generates significant amounts of cash.
Intel (NASDAQ:INTC) is an old tech company that is gaining favor on the Street because of it's pivot toward higher-growth markets in the technology space.
Arista Networks (NYSE:ANET) is bringing networking into the age of the cloud, which can bring huge efficiency and scale benefits to legacy networking environments.
The Priceline Group (PCLN) launched its business in 1998 and has since expanded to include other strong travel-related brands. Priceline Groups portfolio of companies include Agoda.com, Booking.com, Open Table Rentalcars.com, and Kayak.
Quarterhill (NASDAQ:QTRH) , has become a company that was once refered to by another analyst as a one-trick patent troll pony to an enterprise that is now involved in the Internet of Things. Quarterhill trades on both the Nasdaq and the Toronto exchange.
Tech Data (NASDAQ:TECD) is a wholesale distributor that supplies hundreds of thousands of technology products, such as printer equipment, mobile devices, virtualization software and data-center servers.
Twitter (NYSE:TWTR) completed a major restructuring in 2017, and the results so far appear to be optimistic. With management moving to monetize its massive user base which has been the companies biggest issue.The microblogging company recently said advertisers have shown "significant interest" in it's live streams and Twitter has partnered with high-profile media players like Buzzfeed and Bloomberg to create premium video offerings.
The heightened focus on delivering unique content, coupled with the introduction of longer, 280-character tweets, has resulted in higher engagement.
Every investor should benefit by buying and holding onto these companies. They are some of the leaders in the field not just because Marc Lubaszka says so but because these stocks are on just about every money managers radar.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.