4 Top Tech Stocks on the Robinhood 100 to Buy in December

4 Top Tech Stocks on the Robinhood 100 to Buy in December

Posted On November 27, 2020 3:47 pm

The Robinhood app is one of the most preferred investment platforms for millennials. And the Robinhood 100 list is the go-to place for investors to get a sense of what stocks millennials are most interested in.

Technology sector stocks have really been one of the most sought-after sectors since the start of the pandemic. The way we live our lives has changed significantly and technology has played an important role in helping us stay functional. Cloud Computing, e-commerce, and gaming companies have significantly benefited and are best positioned to gain going into 2021.

The Robinhood 100 list features many large cap technology stocks that are fundamentally sound. Four such stocks are Sony Corporation (SNE), Alphabet, Inc. (GOOGL), Microsoft Corporation (MSFT), and NVIDIA Corporation (NVDA). These tech bellwethers are constantly innovating to meet changing market demands.

Sony Corporation (SNE)

SNE is a global leader that designs, manufactures, and sells a vast portfolio of electronic equipment, instruments, and devices for consumer, professional and industrial markets. It is also synonymous with game consoles and software.

According to new estimates from VGChartz, SNE has already sold 2.1 million to 2.5 million units of the PlayStation 5 within two days of its launch on November 12th. An estimated 1.3 million to 1.6 million units were sold in North America, Australia, and Japan.

During the quarter that ended September 2020, SNE’s sales dropped 0.4% year-over-year to JPY 2.1 billion. Meanwhile, EPS surged 146.5% year-over-year to JPY 374.34. The company’s operating income for the quarter climbed 14% year-over-year to JPY 38.8 billion driven by significant gains in the Game & Network, Electronics Products & Solutions, and Music segments.

Analysts estimate revenue for the quarter ending December 2020 to increase 8.7% year-over-year. Meanwhile, EPS is likely to grow at the rate of 5.2% per annum for the next five years.

SNE closed at a price of $93.23 in Wednesday’s trading session, gaining 33.5% year-to-date. The stock is trading quite close to its 52-week high of $93.50. During the past six years, SNE has gained 43.6%.

How does SNE stack up for the POWR Ratings?

A for Trade Grade

A for Peer Grade

A for Buy & Hold Grade

A for Overall POWR Rating

The stock is also ranked #1 out of 21 stocks in the Entertainment – Media Producers industry.

Alphabet, Inc. (GOOGL)

GOOGL remains one of the most sought-after consumer tech stocks, especially in the digital advertising space. Along with Facebook (FB), it commands nearly 70% of the digital advertising market in the United States. As a search engine, it controls over 90% of the global market. Besides the core search engine, GOOGL also has a lot of other businesses under its umbrella. YouTube, Google Play, and its Smart Home speakers have become a lot more relevant amid the pandemic.

GOOGL’s revenue during the third quarter…

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