In this article, we discuss 10 technology stocks to buy now according to Dan Loeb.
Dan Loeb founded Third Point in 1995, which is a New York-based hedge fund with a history of investing in failing companies and turning their fortunes around. Dan Loeb is famous for his aggressive activist campaigns against companies like Yahoo, Sotheby’s, and Sony over the years. 25.56% of the securities in Loeb’s $14.3 billion portfolio are concentrated in the technology sector, which reflects the investor’s keen interest in the space.
Dan Loeb is bullish on “old tech” names in 2022, citing that he sees an untapped value of $1 trillion in Amazon.com, Inc. (NASDAQ:AMZN), which can be realized by the solid ecommerce and Amazon Web Services mix maintained by the tech giant. He sees value in tech stocks after the huge market selloff, and expects these big companies to outperform in this year.
Amazon.com, Inc. (NASDAQ:AMZN) is the biggest technology holding in Dan Loeb’s portfolio, and he went on record in February 2022 – acknowledging the company’s disclosures to shareholders that clearly mention initiatives like latest share repurchases and clear financial statements. He believes the company’s new CEO Andy Jassy can take Amazon.com, Inc. (NASDAQ:AMZN) to the next level by his focused management regime and keeping shareholders in the loop.
Some of the most notable technology stocks in Dan Loeb’s Third Point portfolio include Alphabet Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN), among others discussed in detail ahead.
Dan Loeb of Third Point
Our Methodology
We used Dan Loeb’s Third Point portfolio for the fourth quarter of 2021 for this analysis, selecting the billionaire’s top 10 technology picks for the period.
Technology Stocks to Buy Now According to Dan Loeb
10. Alight, Inc. (NYSE:ALIT)
Third Point’s Stake Value: $90,502,000
Percentage of Third Point’s 13F Portfolio: 0.63%
Number of Hedge Fund Holders: 39
Alight, Inc. (NYSE:ALIT) provides cloud-based business and human capital solutions, aiming for a high-performance company culture. The company also offers cloud optimization services to platforms like Workday, SAP SuccessFactors, Oracle, and Cornerstone OnDemand.
Dan Loeb’s Third Point owns 8.3 million shares of Alight, Inc. (NYSE:ALIT) as of Q4 2021, worth $90.5 million, representing 0.63% of the hedge fund’s total 13F holdings. Third Point acquired a position in Alight, Inc. (NYSE:ALIT) in Q3 2021, but slashed its stake by 51% in the December quarter.
On March 16, Alight, Inc. (NYSE:ALIT)’s director, Richard N Massey, purchased 50,000 common shares priced at $18.92 each, worth approximately $450,000. The stock rose 6.9% following the disclosure.
Stephens analyst Scott Schoenhaus on February 7 initiated coverage of Alight, Inc. (NYSE:ALIT) with an Overweight rating and a $15 price target. He sees Alight, Inc. (NYSE:ALIT) as “uniquely and strategically positioned”, and the current valuation offers an attractive entry point for investors looking for “a high-quality, under-followed company”, the analyst noted.
According to Insider Monkey’s fourth quarter database, 39 hedge funds held bullish positions in Alight, Inc. (NYSE:ALIT), with combined stakes exceeding $1 billion. Bob Peck and Andy Raab’s FPR Partners is the leading shareholder of the company, with more than 24 million shares worth approximately $261 million.
In addition to Alphabet Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN), Alight, Inc. (NYSE:ALIT) is a notable tech stock to buy now according to Dan Loeb.
9. Coupa Software Incorporated (NASDAQ:COUP)
Third Point’s Stake Value: $102,732,000
Percentage of Third Point’s 13F Portfolio: 0.71%
Number of Hedge Fund Holders: 59
Coupa Software Incorporated (NASDAQ:COUP) is a California-based company that offers an on-demand business spend management platform, helping companies maximize profits, optimize supply chains, and maintain liquidity. Dan Loeb, as of Q4 2021, held 650,000 Coupa Software Incorporated (NASDAQ:COUP) shares, worth $102.7 million, representing 0.71% of his total 13F portfolio.
Coupa Software Incorporated (NASDAQ:COUP) reported its Q4 financial results on March 14, posting earnings per share of $0.19, beating consensus estimates by $0.14. The $193.30 million revenue increased 18.19% year-over-year, topping market predictions by $7.11 million.
On April 6, Evercore ISI analyst Peter Levine upgraded Coupa Software Incorporated (NASDAQ:COUP) to Outperform from In Line, lifting the price target to $140 from $75. The long-term risk/reward on the stock at current levels is “attractive” due to Coupa Software Incorporated (NASDAQ:COUP)’s growth opportunity, even though he may be a “bit early” on this long call, the analyst told investors in a research note. The company’s sales cycles are returning to pre-pandemic levels, and its pipelines are at a record high.
Among the hedge funds tracked by Insider Monkey, 59 funds were bullish on Coupa Software Incorporated (NASDAQ:COUP) at the end of the fourth quarter of 2021, compared to 52 funds in the preceding quarter. Andreas Halvorsen’s Viking Global is the largest stakeholder of the company, with more than 4 million shares worth $658.75 million.
Here is what ClearBridge Investments has to say about Coupa Software Incorporated (NASDAQ:COUP) in its Q2 2021 investor letter:
“Within IT, we added positions in Coupa Software, a leader in the fast growing Business Spend Management market with opportunity to double its total addressable market by harnessing B2B payments with its Coupa Pay product; and AppLovin, a leading mobile gaming advertising network in a unique position to utilize its ad expertise to grow its own mobile game business at low user acquisition costs.”
8. Zendesk, Inc. (NYSE:ZEN)
Third Point’s Stake Value: $136,036,000
Percentage of Third Point’s 13F Portfolio: 0.94%
Number of Hedge Fund Holders: 57
Zendesk, Inc. (NYSE:ZEN) was founded in 2007 and is headquartered in San Francisco, California. Zendesk, Inc. (NYSE:ZEN) is a software development company that offers SaaS solutions to businesses around the world. Dan Loeb’s Third Point held 1.30 million shares of the company in the fourth quarter of 2021, worth $136 million, accounting for 0.94% of the total 13F portfolio.
In 2021, Zendesk, Inc. (NYSE:ZEN) reported a full-year revenue of $1.3 billion, compared to a revenue of $1.02 billion in the prior year. Zendesk, Inc. (NYSE:ZEN)’s net loss for the year in 2021 increased to $223.6 million from $218.2 million in 2020.
On February 14, Wolfe Research analyst Alex Zukin downgraded Zendesk, Inc. (NYSE:ZEN) to Peer Perform from Outperform. Zendesk, Inc. (NYSE:ZEN)’s fourth quarter results exceeded expectations by low margins and the company did not raise its 2022 outlook, the analyst told investors. He cited the 2022 guidance for lower growth, contracting margins, and execution uncertainty for the downgrade.
According to Insider Monkey’s Q4 database, 57 hedge funds placed long calls on Zendesk, Inc. (NYSE:ZEN), with collective stakes amounting to $2.5 billion, compared to 53 funds in the earlier quarter, holding stakes in Zendesk, Inc. (NYSE:ZEN) worth $1.5 billion. Barry Rosenstein’s JANA Partners held the biggest position in the company, with 2.3 million shares valued at approximately $249 million.
Here is what Carillon Tower Advisers has to say about Zendesk, Inc. (NYSE:ZEN) in its Q3 2021 investor letter:
“Zendesk provides customer support software solutions. After successfully navigating the early stages of the pandemic in 2020, the firm has seen its stock cool off on the threat of increased competition from low-cost alternatives. We do not believe that the competitive dynamics have been altered. In fact, the company’s annual revenue growth rate has accelerated in 2021 from the second half of 2020. The shares also currently trade at a deep discount to other cloud-based software vendors.”
7. Dell Technologies Inc. (NYSE:DELL)
Third Point’s Stake Value: $202,212,000
Percentage of Third Point’s 13F Portfolio: 1.41%
Number of Hedge Fund Holders: 62
Dell Technologies Inc. (NYSE:DELL) is an American multinational technology company that specializes in computer hardware and software, cloud computing, data storage, information security, and consulting. In the fourth quarter of 2021, Dan Loeb’s Third Point held 3.60 million shares of Dell Technologies Inc. (NYSE:DELL), worth $202.2 million, representing 1.41% of the hedge fund’s total 13F portfolio.
On February 24, Dell Technologies Inc. (NYSE:DELL) declared a quarterly dividend of $0.33 per share. The dividend is payable on April 29, to shareholders of record on April 15. Dell Technologies Inc. (NYSE:DELL)’s dividend yield on April 15 stood at 2.81%. The company plans to increase its annual cash dividends to $1.32 per share for fiscal 2023.
Goldman Sachs analyst Rod Hall downgraded Dell Technologies Inc. (NYSE:DELL) on April 1 to Neutral from Buy, lowering the price target to $61 from $68. He also removed Dell Technologies Inc. (NYSE:DELL) from Goldman’s Americas Convictions List. While the analyst sees the shares as inexpensive compared to competitors, he believes increasing fundamental headwinds are “hindering this value unlock”.
Among the hedge funds tracked by Insider Monkey at the end of December 2021, 62 funds were long Dell Technologies Inc. (NYSE:DELL), compared to 60 funds in the prior quarter. The total stakes owned in the fourth quarter amounted to $2.8 billion. Paul Singer’s Elliott Management is the largest position holder in the company, with 9.4 million shares worth $532.70 million.
Here is what Third Point Management has to say about Dell Technologies Inc. (NYSE:DELL) in its Q3 2021 investor letter:
“Michael Dell has created substantial value for shareholders since re-listing the company several years ago. Earlier this year, Dell Technologies announced that it would be spinning its $50 billion stake in VMWare, which we believe will unlock the underappreciated value of the Dell server and PC businesses. Dell’s best attribute has been strong free cash flow generation, which the company has used to de-lever and create significant latent value for equity holders. Looking ahead, we believe this core Dell business, which still trades at a discount to its hardware peer group, should instead command a premium multiple thanks to its leading market share, profitability, and impressive execution. There are few large cap companies which possess a nearly 10% FCF yield, 2.5% dividend yield and 1.5x leverage ratio; Dell is one of them.”
6. Expedia Group, Inc. (NASDAQ:EXPE)
Third Point’s Stake Value: $236,266,000
Percentage of Third Point’s 13F Portfolio: 1.64%
Number of Hedge Fund Holders: 82
Expedia Group, Inc. (NASDAQ:EXPE) is an American online travel company with localized websites for booking vacation accommodations across the world. Dan Loeb’s Third Point owned 1.30 million shares of Expedia Group, Inc. (NASDAQ:EXPE) in the fourth quarter of 2021, worth $236.2 million, representing 1.64% of the total 13F holdings.
Expedia Group, Inc. (NASDAQ:EXPE)’s 2021 revenue came in at $8.5 billion, compared to $5.1 billion in the prior year. The company’s net income in 2021 stood at $12 million, a solid recovery from the net loss of $2.6 billion in 2020.
On April 7, Argus analyst John Staszak reiterated a Buy recommendation on Expedia Group, Inc. (NASDAQ:EXPE) but lowered the firm’s price target on the shares to $220 from $240. The analyst contended that the company’s Q4 bookings rose and Expedia Group, Inc. (NASDAQ:EXPE) seems to be on track to report above average earnings growth in 2022. The analyst’s long-term Buy rating represents projections for ongoing growth post-pandemic in airline tickets, hotel bookings, and other travel services.
According to Insider Monkey’s Q4 data, Expedia Group, Inc. (NASDAQ:EXPE) was found in the public stock portfolios of 82 hedge funds, compared to 78 funds in the earlier quarter. The hedge funds in the fourth quarter owned combined stakes of $7.4 billion. Daniel Sundheim’s D1 Capital Partners is the biggest shareholder of Expedia Group, Inc. (NASDAQ:EXPE), with a position worth $2.2 billion.
Just like Alphabet Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN), Expedia Group, Inc. (NASDAQ:EXPE) is catching the interest of elite investors.
Here is what Heartland Mid Cap Value Fund has to say about Expedia Group, Inc. (NASDAQ:EXPE) in its Q4 2021 investor letter:
“The run-up in equity prices over the past year and a half has narrowed the pool of attractively valued businesses. Economically sensitive areas of the market, in particular, have seen valuations stretched—but the impact of investor exuberance is evident in share prices of companies throughout the broader market. In our view, the elevated valuations commanded by many stocks have heightened risks and dampened upside potential.
In response to this backdrop, we continue to focus on finding and owning companies that are poised to succeed against a variety of backdrops or those that are priced at significant discounts to peers regardless of the sector or industry. Recent addition Expedia Group, Inc. (EXPE) is an example of the type of business we’ve found attractive.”
5. Microsoft Corporation (NASDAQ:MSFT)
Third Point’s Stake Value: $538,112,000
Percentage of Third Point’s 13F Portfolio: 3.75%
Number of Hedge Fund Holders: 262
Microsoft Corporation (NASDAQ:MSFT) is one of the biggest American tech firms, and Dan Loeb’s Third Point owns 1.6 million shares of the company as of Q4 2021. The billionaire’s stake is worth more than $538 million and represents 3.75% of his fund’s total 13F holdings.
Microsoft Corporation (NASDAQ:MSFT) declared on March 15 a $0.62 per share quarterly dividend, in line with previous. The dividend will be distributed on June 9, to shareholders of record on May 19.
On April 11, UBS analyst Karl Keirstead reiterated a Buy rating on Microsoft Corporation (NASDAQ:MSFT) but he believes that Office 365 usage is likely to decelerate due to high penetration and the pandemic/work-from-home benefit starting to fade. The stock traded lower after the analyst published his rating.
According to Insider Monkey’s Q4 database, 262 hedge funds held long positions in Microsoft Corporation (NASDAQ:MSFT), compared to 250 funds in the prior quarter. Fisher Asset Management is the leading Microsoft Corporation (NASDAQ:MSFT) stakeholder, with 26.8 million shares worth over $9 billion.
Here is what Baron Opportunity Fund has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q4 2021 investor letter:
“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter, following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft’s results continued to be strong across the board, with total revenue growing 20% in constant currency, beating Street estimates by 3%; an acceleration in Commercial Cloud revenue to 34% constant-currency growth; operating margins expanding to just under 45%; earnings growth of 23%; and free cash flow growth of 30%. We believe the company is positioned to deliver 13% to 15% organic growth over the next three years, underpinned by total addressable market expansion and continued market share gains across its disruptive cloud product portfolio.”
4. Upstart Holdings, Inc. (NASDAQ:UPST)
Third Point’s Stake Value: $605,200,000
Percentage of Third Point’s 13F Portfolio: 4.22%
Number of Hedge Fund Holders: 20
Upstart Holdings, Inc. (NASDAQ:UPST) is a California-based company that runs a cloud lending platform, powered via artificial intelligence. Dan Loeb’s Third Point held 4 million Upstart Holdings, Inc. (NASDAQ:UPST) shares in the December quarter, worth $605.2 million, representing 4.22% of the total 13F securities.
Upstart Holdings, Inc. (NASDAQ:UPST)’s Q4 earnings came in on February 15. The company posted an EPS of $0.89, beating analysts’ consensus estimates by $0.38. Revenue for the period jumped 251.57% from the prior-year quarter to $304.85 million, surpassing market predictions by $42 million.
FBN Securities analyst Shebly Seyrafi initiated coverage of Upstart Holdings, Inc. (NASDAQ:UPST) on April 12 with an Outperform rating and a $150 price target. While Upstart Holdings, Inc. (NASDAQ:UPST) revenues are mainly generated by the personal loan market, the company entered the auto loan market in 2020 and the analyst projects the sector to account for 3% of fee revenue in 2022 and 6% in 2023. Upstart Holdings, Inc. (NASDAQ:UPST) can also expand into the smaller dollar loan market, installment loans to business owners, and the home mortgage market, noted the analyst, who expects “very strong growth in year two of entry into each of these markets”.
According to Insider Monkey’s Q4 data, Upstart Holdings, Inc. (NASDAQ:UPST) was found in the public 13F portfolios of 20 hedge funds, compared to 23 funds in the third quarter. D E Shaw is a significant stakeholder of the company, owning 1.7 million shares worth approximately $261 million.
Here is what Vulcan Value Partners Large Cap Fund has to say about Upstart Holdings, Inc. (NASDAQ:UPST) in its Q4 2021 investor letter:
“Upstart Holdings Inc. was another material detractor during the quarter. Upstart is an artificial intelligence (AI) and cloud-based lending platform. Upstart uses over 1600 variables in its AI models. Its lending platform delivers lower default rates, higher approval rates, lower rates for consumers, and higher returns on investment for its bank and institutional clients. As former owners of FICO, we believe Upstart has the potential to be the FICO of the 21st century. Recent stock price volatility has given us an opportunity to follow our investment discipline. During the third quarter of 2021, Upstart’s stock price increased significantly, and we materially reduced our position in the company. Following its most recent earnings release, our value increased but Upstart’s stock price began to decline significantly. With a significantly improved price to value ratio, we added to our position in Upstart. We simply took advantage of stock price volatility to manage risk in the portfolio and improve our returns and our prospective returns.”
3. Alphabet Inc. (NASDAQ:GOOG)
Third Point’s Stake Value: $614,172,000
Percentage of Third Point’s 13F Portfolio: 4.28%
Number of Hedge Fund Holders: 158
Dan Loeb’s Third Point first invested in Alphabet Inc. (NASDAQ:GOOG) back in Q1 2016 and held the stake until the first quarter of 2018. The hedge fund disposed of the Alphabet Inc. (NASDAQ:GOOG) position in Q2 2018, before purchasing shares of the company again in Q4 2020. As of the fourth quarter of 2021, Third Point holds 212,000 Alphabet Inc. (NASDAQ:GOOG) shares, worth over $614 million. It remains one of the top technology stocks to buy now according to Dan Loeb.
On March 16, Alphabet Inc. (NASDAQ:GOOG)’s disclosed its acquisition of Raxium, a startup that builds small light emitting diodes for displays utilized in augmented and mixed reality devices. This acquisition is Alphabet Inc. (NASDAQ:GOOG)’s play into the AR and VR space, following the footsteps of competitors such as Apple, Meta Platforms, and Snap.
Tigress Financial analyst Ivan Feinseth on March 18 lifted the firm’s price target on Alphabet Inc. (NASDAQ:GOOG) to $3,670 from $3,540 and reiterated a Strong Buy rating on the shares, citing the company’s “extremely strong” Q4 results and its continuous investment in the Artificial Intelligence division.
Insider Monkey’s Q4 data suggests that Alphabet Inc. (NASDAQ:GOOG) shares were held by 158 elite hedge funds, compared to 156 funds in the earlier quarter. Chris Hohn’s TCI Fund Management is the biggest Alphabet Inc. (NASDAQ:GOOG) shareholder, with a position worth $8.5 billion.
Here is what Vulcan Value Partners has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q4 2021 investor letter:
“In contrast, we made a different kind of mistake about a decade ago. Google, now Alphabet, performed very well for us while we owned it. The company kept outperforming our assumptions and we kept lowering them to be conservative. “Trees do not grow to the sky.” The stock kept going up and our value grew but did not keep pace with the stock. It hit our estimate of fair value and we sold it with a nice gain, patting ourselves on the back. We kept following the company and what they actually did over the next several years was roughly double the assumptions we used to value it. Therefore, our value was too conservative, and we sold it too cheaply, missing many years of compounding. Fortunately, we experienced some volatility several years ago that allowed us to purchase Alphabet (Google) again with a margin of safety.”
2. Intuit Inc. (NASDAQ:INTU)
Third Point’s Stake Value: $739,703,000
Percentage of Third Point’s 13F Portfolio: 5.16%
Number of Hedge Fund Holders: 82
Intuit Inc. (NASDAQ:INTU) is a global technology company that offers financial software platforms such as TurboTax, QuickBooks, Mint, Credit Karma, and Mailchimp. Dan Loeb owns 1.15 million Intuit Inc. (NASDAQ:INTU) shares as per the 13F filings from Q4 2021. The billionaire’s stake is valued at $739.7 million, representing 5.16% of the total portfolio.
On March 3, Intuit (NASDAQ:INTU) declared a quarterly dividend of $0.68 per share. The dividend is payable on April 18, to shareholders of the company as of the close of business on April 11.
Stifel analyst Brad Reback on March 21 maintained a Buy rating on Intuit (NASDAQ:INTU) but lowered the firm’s price target on the stock to $580 from $600. The analyst slashed the price objective for a “vast majority” of the 70 software companies his firm covers to account for greater headwinds around new business activity originating from the prevalent Ukraine war, increasing supply chain challenges, and the growing impact of significantly soaring energy prices on consumer spending.
According to the hedge funds tracked by Insider Monkey in the fourth quarter of 2021, 82 funds were bullish on Intuit (NASDAQ:INTU), up from 64 funds in the earlier quarter. Terry Smith’s Fundsmith LLP is the biggest stakeholder of the company, with 3.7 million shares worth $2.40 billion.
Here is what Baron FinTech Fund has to say about Intuit Inc. (NASDAQ:INTU) in its Q4 2021 investor letter:
“Intuit Inc. is the leading provider of accounting and tax preparation software. Shares increased after the company reported quarterly results that beat Street estimates, with 22% revenue growth in the Small Business segment and record-high revenue from Credit Karma. The company closed the acquisition of MailChimp, which expands its product offering and is accretive to EPS. Management increased full-year guidance to reflect better organic growth and the contribution from MailChimp. We continue to own the stock due to Intuit’s strong competitive position and numerous growth opportunities. We have several investments in software companies that help businesses manage their financial processes and operations. Intuit Inc. provides accounting and payroll solutions for small businesses as well as tax preparation software for consumers and tax professionals.”
1. Amazon.com, Inc. (NASDAQ:AMZN)
Third Point’s Stake Value: $783,570,000
Percentage of Third Point’s 13F Portfolio: 5.46%
Number of Hedge Fund Holders: 279
Jeff Bezos’ Amazon.com, Inc. (NASDAQ:AMZN) is a multinational tech giant that specializes in e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon.com, Inc. (NASDAQ:AMZN) is one of the top technology stocks to buy according to Dan Loeb’s Third Point, and the fund owns a $783.5 million stake in the company, representing 5.46% of the total 13F portfolio.
Amazon.com, Inc. (NASDAQ:AMZN)’s revenue for 2021 stood at $469.8 billion, a growth of 21.70% as compared to 2020, when revenue for the year came in at $386 billion. Amazon.com, Inc. (NASDAQ:AMZN)’s 2021 net income was $33.3 billion, an increase from the 2020 net income of $21.3 billion.
On March 25, Evercore ISI analyst Mark Mahaney kept an Outperform rating and a $4,300 price target on Amazon.com, Inc. (NASDAQ:AMZN) shares and he also “modestly” lifted his FY23 and FY24 estimates above the Street view for Amazon.com, Inc. (NASDAQ:AMZN), calling it his number one mega cap internet long idea.
Elite hedge funds are piling into Amazon.com, Inc. (NASDAQ:AMZN). Among the hedge funds tracked by Insider Monkey, 279 funds were bullish on Amazon.com, Inc. (NASDAQ:AMZN) in Q4 2021, up from 242 funds in the earlier quarter. Boykin Curry’s Eagle Capital Management is a significant stakeholder of the company, with 677,828 shares worth $2.26 billion.
Here is what Mercator International Opportunity Fund has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q4 2021 investor letter:
“Transformative technologies often generate euphoria. People are excited by the big new thing that is changing the world. We saw this pattern with the boom of westward canal transportation at the dawn of the nineteenth century. Railway stocks similarly attracted large numbers of eager investors a few decades later. Then came the electrification of America, the telephone, and the automobile industry, to name just a few transformative technologies.
The initial euphoric phase always ends with a reality check. Valuations come back to earth. At the end of the cycle, only a few companies remain standing. A shakeout has a way of clarifying the field of opportunities.
For example, readers may recall that when the internet bubble burst two decades ago, Amazon.com, Inc. (NASDAQ:AMZN) stock suffered greatly but pet.com was gone. For those investors who had stayed on the sidelines, this was an excellent time to buy Amazon. The company’s business model had shown its merits and competition was rapidly shrinking. The stock price was now also much more attractive.”
You can also take a look at 10 Software Stocks to Buy Now According to Jim Davidson’s Silver Lake Partners and 10 Consumer Technology Stocks to Invest In According to Ken Fisher’s Fisher Asset Management.
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Disclosure: None. 10 Technology Stocks to Buy Now According to Dan Loeb is originally published on Insider Monkey.
