Technology

Stifel Has 6 Mega Cap Tech Stocks to Buy for Rest of 2017

Facebook

The huge social media leader has continued to post gigantic numbers, and it is the top pick in internet media for 2017 at Merrill Lynch. Facebook Inc. (NASDAQ: FB) operates as a mobile application and website that enables people to connect, share, discover and communicate each other on mobile devices and personal computers worldwide.

Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application.

Stifel has set its price target at $200. The consensus target is $194.64, and shares closed on Monday at $169.47.

Netflix

This Wall Street darling and FANG constituent could offer solid upside. Netflix Inc. (NASDAQ: NFLX) is the world’s leading internet television network, with more than 70 million members in over 190 countries enjoying more than 125 million hours of TV shows and movies per day, including original series, documentaries and feature films. Members can watch as much as they want, anytime, anywhere, on nearly any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.

Netflix is available on virtually any device with an internet connection, including personal computers, tablets, smartphones, smart TVs and game consoles, and it automatically provides the best possible streaming quality based on available bandwidth. Many titles, including Netflix original series and films, are available in high-definition with Dolby Digital Plus 5.1 surround sound and some in Ultra HD 4K. Advanced recommendation technologies with up to five user profiles help members discover entertainment they’ll love.

Consumers continue to abandon cable and satellite programming, and millennials are helping to lead the charge in the cord-cutting. JPMorgan feels the company likely will add more members this year than it did in 2016. The firm also notes the company’s strong original content line up, which includes “Narcos,” “Stranger Things,” “The Crown” and many others as a huge positive driving subscriber growth.

The Stifel price target is $200. The posted consensus target is $188, and shares closed Monday at $177.01.

Priceline

This internet travel leader gapped down big in August and is offering a much better price point. Priceline Group Inc. (NASDAQ: PCLN) is an online travel business offering price disclosed and opaque airline tickets, hotel rooms, rental cars, vacation packages and cruises. The company generates over 85% of gross profit from its international brands. Priceline operates Priceline.com, Booking.com, Kayak.com, Agoda.com, Rentalcars.com and OpenTable.

Trading at a reasonable 21 times fiscal year 2018 earnings estimates, the travel giant is seen by many as an “open-ended” growth story. Many on Wall Street continue to see comparisons easing for international bookings and margins will improve in the rest of the year and into 2017.

The Stifel price objective of $2,100 compares with a $2,100.69 consensus price target and the most recent close at $1,857.57.

Six mega cap technology behemoths that all have a dominant share of business in their particular tech silos. While expensive, they all have the ability to drive revenue growth, which can send the shares even higher.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.