3 tech stocks you should own for the long term


Investing in technology stocks can be very lucrative. Take a look at those who were early investors in Constellation Software, Apple, Where Amazon. For this reason, many investors often look for technology stocks that could help them generate massive returns. One way to make it easier is to focus on companies that are riding massive trends. In this article, I will discuss three stocks that you should hold for the long term.

Start with one of the best Canadian growth stocks

Since its IPO, few stocks have been able to keep pace Shopify (TSX: SHOP) (NYSE: SHOP). In the 2020 TSX30 publication, a list of the 30 best performing stocks on the TSX Over the past three years, Shopify has taken the # 1 spot (+1,043%). In fact, his performance over that three-year period was so impressive that it was almost superior to the performance of second and third places combined. In the 2021 edition, the Shopify stock fell to second place, gaining 846% over the past three years.

The company is benefiting from a massive shift towards e-commerce. Due to the pandemic, e-commerce penetration has almost tripled year over year in Canada. Today, the e-commerce industry accounts for approximately 11% of all retail sales in Canada. This is still much lower than the penetration observed in other developed regions such as the United States and the United Kingdom. As ecommerce continues to grow, expect Shopify to grow along with it. In the last quarter, Shopify reportedly racked up more traffic than Amazon.

Don’t miss this excellent trading stock

Another company that is making a name for itself in the retail industry is Speed ​​of light (TSX: LSPD) (NYSE: LSPD). The company started out as a business that aimed to optimize point-of-sale systems for small and medium-sized retailers. Today Lightspeed offers many other products such as payment, loyalty and analytics solutions. These additional offerings have helped Lightspeed grow at breakneck speed.

In its latest quarterly presentation, Lightspeed said its first quarter revenue grew 220% year-over-year. Much of these gains are the result of the expansion of the company’s customer base. In the same presentation, Lightspeed announced that it has entered into a partnership with SpaceX. As agreed, Lightspeed will help operate SpaceX cafes and manage inventory, orders, and outlets at company headquarters. Lightspeed stock may already be up 79% year-to-date, but the company still has plenty of growth to come.

Take advantage of a remote economic environment

Due to the pandemic, many companies around the world have had to introduce or modernize distance training programs for employees. Luckily for Docebo (TSX: DCBO) (NASDAQ: DCBO), that’s exactly what she specializes in. The company provides businesses with a cloud-based, AI-powered e-learning platform. Thanks to its software, training managers can more easily assign, monitor and modify training programs.

Docebo stock was one of the TSX’s stars last year, gaining more than 650% after hitting its lowest point during the COVID-19 stock market crash. However, to start the year, Docebo stock was down 40%. Investors who have managed to stay focused on the long term have since been rewarded. Since hitting its lowest point this year, Docebo stock has gained over 112% and is trading near all-time highs. With a market cap of $ 3.5 billion, Docebo is the smallest company in this article and has an exceptional growth track ahead of it.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We are straight! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer, so we post sometimes articles that may not conform to recommendations, rankings or other content. .

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of the board of directors of The Motley Fool. Foolish contributor Jed Lloren owns shares of Apple, Docebo Inc., and Shopify. The Motley Fool owns stock and recommends Amazon, Apple, Constellation Software, Docebo Inc., Lightspeed POS Inc., and Shopify. The Motley Fool recommends the following options: long calls at $ 1,920 in January 2022 on Amazon, long calls in January 2023 at $ 1,140 on Shopify, long calls in March 2023 at $ 120 on Apple, short calls in January 2022 at 1 $ 940 on Amazon, short calls in January 2023 to $ 1,160 on Shopify and short March 2023 calls for $ 130 on Apple.


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