There were few places for investors to hide in this year's bloodbath, but those exposed to the tech-heavy Nasdaq Composite index undoubtedly had a much better ride. After a long bear market, these innovative tech stocks are poised to shoot higher in 2023. In this article, we take a look at 15 best NASDAQ stocks to buy now. If you want to see more best NASDAQ stocks to buy, go directly to 5 of the top picks.
The S&P 500 and Nasdaq Composite rose Friday, but still posted a weekly loss as recession fears continue to batter investor sentiment. Wall Street's main indexes ended weaker on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data and increasing coronavirus cases. Wall Street ended lower at the beginning of a holiday-shortened week on Tuesday, as rising U.S. Treasury yields pressured interest rate-sensitive stocks and the market digested fresh economic data.
investors are deliberating whether a Santa Claus rally will appear and lift a market weighed down by recession fears. All eyes will be on the Nasdaq 100, which is composed of the 100 largest non-financial stocks listed on the Nasdaq exchange. The index is heavily focused on technology, but also includes some of the largest companies in other industries, including Microsoft, Apple and Amazon.
Nasdaq Inc. undefined said late Friday it's adding CoStar Group Inc. undefined, Rivian Automotive Inc. undefined, Warner Bros. undefined and GlobalFoundries Inc. undefined to the Nasdaq 100 index. The additions will become effective after the close of the market on Dec. 19. Tesla rival Rivian and GlobalFoundries lead Dec. 19 additions to the Nasdaq 100 index. Apple chipmaker Skyworks and two China names will also join the index.
CoStar Group Inc. undefined, is a leading provider of commercial real estate information, analytics, and online marketplaces. The company’s proprietary database of commercial real estate information covers more than 110 markets in the United States and Europe and contains more than 20 billion square feet of space.
Rivian Automotive Inc. undefined, designs, builds, and sells electric vehicles and related services. The company’s products include R1T, an electric pickup truck; R1S, an electric SUV; and Adventure Network, a subscription-based online platform that provides customers with access to electric vehicles and related services.
Warner Bros. undefined, is a media and entertainment company that produces, distributes, and licenses films, television programs, games, and other content. The company’s products include films, television shows, video games, digital content, and music. It also provides digital distribution services, such as in-game advertising, digital marketing, and subscription-based streaming services.
GlobalFoundries Inc. undefined, is a semiconductor manufacturing company that designs, develops, and manufactures integrated circuits and other semiconductor products. The company’s products include microprocessors, memory chips, graphics processors, embedded processors, and other chipsets. It also provides design, packaging, and assembly services.
Apple chipmaker Skyworks Solutions Inc. undefined, is a manufacturer and supplier of analog and mixed signal semiconductor solutions for mobile, automotive, enterprise, and industrial markets. The company’s products include radio frequency (RF) power amplifiers, power management integrated circuits, and other components.
China’s Baidu Inc. undefined, is an internet search company that provides search engine services, online marketing services, and other related services. The company also offers mobile services, such as mobile search, maps, and app stores; and cloud and artificial intelligence services, including autonomous driving, natural language processing, and image recognition.
JD.com Inc. undefined, is an e-commerce company that provides online and offline retail and other services in China. The company operates an online retail platform that provides a wide range of consumer products, including apparel, home appliances, consumer electronics, and food and beverage products.
IQIYI Inc. undefined, is an internet television company that provides streaming services in China. The company operates an online video platform that provides a range of television programs, movies, variety shows, and other content. It also provides online advertising services and game services.
Ctrip.com International Ltd. undefined, is an online travel agency that provides travel services in China. The company’s services include hotel reservations, flight tickets, car rental services, and other travel-related services. It also provides corporate travel services and vacation packages.
Alibaba Group Holding Ltd. undefined, is an e-commerce, retail, and technology company that provides a range of services and products. The company operates Taobao, an online shopping platform; Tmall, an online retail platform; and AliExpress, an online marketplace. It also provides cloud computing and digital media and entertainment services.
