Tech stocks Square (SQ), Microsoft (MSFT), and YouTube and Google parent Alphabet (GOOGL) are showing strength. In addition to securing a spot on IBD Leaderboard, they’ve also all earned a spot among the Most Trusted Technology Companies. PayPal (PYPL) also made both lists, although PYPL stock has run into selling pressure.
Amid increased government regulation and concern about cybersecurity attacks, these tech stocks garnered the most trust in a new survey from IBD/TIPP.
Leading Growth Stocks, Tech Stocks Near Buy Zones
Several Leaderboard stocks, such as Microsoft, Crocs (CROX) and GOOGL stock, are extended. Others are in or approaching new buy zones. Nvidia stock, Square, Snap and ServiceNow are among the top tech stocks fitting that bill.
Tesla stock continues to form a deep chart pattern.
For each stock on IBD Leaderboard, IBD market experts provide analysis of any buy points or warning signs, as well as a look at company’s fundamentals and back story.
Innovator IBD 50 ETF
The Innovator IBD 50 ETF from Innovator Capital Management tracks stocks on the IBD 50 list of leading growth stocks. As with other index ETFs, this allows you to essentially invest in the entire index in addition to or rather than buying individual stocks. Learn more about the Innovator IBD 50 ETF and Innovator funds.
Follow Matthew Galgani on Twitter at @IBD_MGalgani.
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