HomeMost PopularTech StocksTake Advantage of the Bull Market with these 3 Explosive Tech Stocks!

Take Advantage of the Bull Market with these 3 Explosive Tech Stocks!

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Todayโ€™s episode of Full Court Finance at Zacks explores the market rally that has the bulls seemingly sitting in the driverโ€™s seat heading into the final weeks of 2023. The episode then explores three top-ranked Zacks technology-centric stocksโ€”Vertiv (VRT), LegalZoom (LZ), and Pinterest (PINS)โ€”that investors might want to buy now for both near-term and long-term upside as we close out November and 2023.

Market Momentum and Opportunity

Wall Street took a much-deserved break from its white-hot rally during the back half of last week. The relativity sideways sessions after the huge post-CPI surge should be viewed as a positive for the bulls since it showcased that there is not much appetite to sell and take profits even after that huge rebound off the late October lows.

The bulls are seemingly in full control heading into Thanksgiving, with the S&P 500 and the Nasdaq solidly above their 50-day and 200-day moving averages. The bears, many of which have been flushed out of their positions, donโ€™t want to get caught on the wrong side of a potential rally that could possibly see the benchmark slowly climb back up toward its all-time highs in the coming months.

Now that more big money is comfortable calling for the start of rate cuts in the back half of 2024, the inflows into stocks could continue. Even if the U.S. falls into a recession (and one will occur at some point), Wall Street cares more about lower interest rates and aggregate earnings growthโ€”currently driven by tech.

LegalZoom.com, Inc. (LZ)

LegalZoomโ€™s core digital-focused business provides its customers with various products and services across legal, tax, compliance, and more. Legal Zoom also aims to help people get their businesses off the ground, offering services to start LLCs, corporations, nonprofits, and beyond.

The firm provides legal help for wills and trusts, real estate, divorce, and more. More recently, Legal Zoom rolled out small business accounting software called LZ Books.

Pinterest, Inc. (PINS)

Pinterest shares soared after it topped estimates in late October and provided upbeat guidance once again to help it grab a Zacks Rank #1 (Strong Buy). Pinterest remains a hit with advertisers, small businesses, and others because paid content and ads fit effortlessly into the platform.

The company refers to itself as a โ€œvisual discovery engineโ€ where users come to find and share ideas for everything from clothing and date nights to vacations and home remodels.

Vertiv Holdings Co (VRT)

Vertivโ€™s portfolio of power, cooling, and IT infrastructure solutions operate behind the scenes to keep its clientsโ€™ various technology running smoothly. Vertiv is crucially benefitting from the broader AI investment cycle, with countless companies and entire industries spending to boost their computing capacity. Vertiv posted a strong beat and raise quarter on October 25, ending the period with a record-high $5 billion backlog.

Are in doubt about where to invest? Give these companies a chance and secure your future. Whether it is LegalZoomโ€™s legal services or Vertivโ€™s powerful IT solutions, you are bound to benefit!

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