Technology stocks had a solid year in 2012 and are predicted to have an even better year in 2013. According to information from the S&P 500, the technology sector gained 13.12 % in 2012 and was ranked fourth among the 10 top S&P sectors.
A closer look at a list of 25 individual stocks the sparkled the top over the month of December 2012 showed that a number of technology and internet based companies were part of that list. This article will showcase the 3 hottest technology stocks that flared in 2012 and are worth investing in 2013.
Netflix
NFLX climbed 13.6% in the month of December. Although it’s eligible to enroll as consumer flexible stock, it is one whose business wouldn’t be in existence without the internet. Netflix is a divergence stock and one that investors tend to love. Of late these lovers have been on the winning side, even though Netflix has continued to wrestle with the likes of Amazon which has added more innovations such as; video streaming and braces to intensify rivalries with other big names.
Netflix stocks also took a leap in December amid rumors of a licensing deal with Disney, a 10% purchase by Carl Icahn a prominent activist investor and continued demand have added to rapid growth. So far Netflix which has become a household name over the last decade is continuing to grab more attention than its rivals.
Netflix stock takes a sharp
JDS Uniphase
JSDU is a familiar name associated with the likes of Akamai, and it has been around since the technology bubble took shape in the 90s. The ride has been volatile for this tech company with earnings slumping, but it is the optical products that this telecoms company offers that have helped increase cash flow and revenue. The company got an uplift in December 2012 when Troy Jensen an analyst increased the stock price from $12 to $16 a share. A stock share now goes for $14. JDSU is posed for more growth in 2013 as more customers continue to move towards improving their network infrastructures. The stock price soared 16.2% in December 2012.
Trade of the Day: JDS Uniphase
VeriSign
VRSN may not be a big name, but whenever someone registers a domain name with the .com suffix they collect a fee. In November 2012, the Commerce Department extended their contract in domain name registration for another 6 years, but a lack of share price increase had previously caused investors to dump the shares. In December, the company’s shares however bounced back and got a 14.7% increase. This led investors to think twice especially after the details of the contract. Stock price is predicted to increase in 2013 more especially after VRSN announced that they plan to increase the registration fee on “.net” addresses.
Note that a trend isn’t always your best friend. Some technology companies did out perform in 2012, but began 2013 on a very low note.