The company recently released a survey that said executives are increasingly committed to video communications in order to link up professionals in different locations, in hopes of attracting top talent. Cisco Systems, Inc. (NASDAQ:CSCO) has already begun to develop business-quality video collaboration hardware and networking, and will certainly benefit from this demanding trend. The company is also working on putting innovative functions in automobiles to enhance the experience of owning and driving a vehicle. From drivers receiving real time traffic and navigation guidance, to manufacturers keeping vehicle software updated over-the-air, to automated and driver-less automobiles. The future vehicle will need to communicate with the outside world via seamless access to the internet over wireless networks, and Cisco Systems, Inc. (NASDAQ:CSCO) is positioning itself to capitalize on that.
With investors on the hunt for blue-chips with yield, Cisco Systems, Inc. (NASDAQ:CSCO) could become a hot destination soon.
Amazon.com, Inc. (NASDAQ:AMZN) is easily the priciest stock on the list, trading with a forward P/E ratio of 106.7. But that hasn’t slowed shares down one bit this year. Amazon.com, Inc. (NASDAQ:AMZN) is doing a lot of interesting things right now. It’s chipping away at big-box retailers such as Best Buy with its incredible online presence. It’s also attacking Apple with its e-reader, Kindle. In addition, the company is becoming a major player in the cloud space as a provider of web and cloud services.The company’s rising revenue shows that the company is growing its market share throughout the world and is in line with the long-term strategy of selling more digital content via its gadgets.
When you add it all together, Amazon is a top player in a number of major tech segments. Analysts are calling for earnings of $0.86 per share in 2013, which creates a lofty valuation. But if 2013 looks anything like 2012, then this tech mega-cap should be in good shape.
Foolish conclusion
Big technology has never looked stronger. The industry is sitting on record earnings, record margins and record cash. With investors looking for more stability in a market clouded with uncertainty, big technology looks well positioned for more gains for the remainder of 2013. The three companies mentioned herein are particularly set for a strong year ahead and every investor should keep an eye on them.
The article 3 Tech Stocks You Should Consider originally appeared on Fool.com and is written by Chris Johnson.
Chris Johnson has no position in any stocks mentioned. The Motley Fool recommends Amazon.com and Cisco Systems (NASDAQ:CSCO). The Motley Fool owns shares of Amazon.com and Oracle. Chris is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.
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