Top 5 Best Tech Stocks 2023 (To Buy Now)

Best Technology Stocks To Buy In 2023 (NASDAQ)

Hi, I’m Chris Winter and in this video, I’ll be talking about the best tech stocks to buy this 2023.

Arrow Electronics, Inc. globally provides products, services, and solutions to both industrial and commercial users of electronic components and enterprise.


In the last few years, the company has been seeing positive changes especially in terms of returns on capital.


Back in 2021, Arrow reported sales amounting to $34 billion along with the claim to develop technology solutions that will not only improve daily life, but business as well.


Furthermore, Arrow Electronics has not disappointed with their ROCE or return on capital employed growth.


This financial indicator is not used by many analysts, but it’s important because it shows the profitability and capital efficiency of a company.


When we look at Arrow Electronics, it has been able to keep its capital employed relatively flat over the last few years, but at the same time have their ROCE climbed to 84%.


This just shows that the business is generating higher returns from the same amount of capital which is great news as it shows that there are improvements in the company's efficiencies.


ARW is expected to reach its all time high by 2024 so I strongly suggest buying and holding stocks for it as early as now.

Next up is Ark Invest.


Yes, I hear it all the time how the bear market absolutely crushed this fund, but Cathie Wood is known to be one of the best contrarian investors of our time.


ARKK is an Exchange Traded Fund (ETF) which seeks long-term growth of innovative companies.


Cathie has been turned into a meme and Jim Cramer calls her crazy, but her fund has actually been up 98% since its inception in 2014.


Due to a previously predicted economic slowdown, it is expected that value stocks will struggle, while growth stocks are bound to rise.


Everything is cyclical in the market and sooner or later, growth and tech stocks will ride the impending bull run, the question is when.

Better be safe than sorry, because this stock has been down 65% in the past 12 months.


It’s bound to rebound and when it does, it could reach all time highs.


Now stick around until the end because while this company is well known, they’re a sure fire stock that’s going to do big things in the future.

Third one down on the list is a company predicted to have an epic comeback: AT&T.

Those who owned or even just looked into stocks are probably aware of the disaster of a decade the company has gone through.

T has admittedly made a wrong decision by previously swinging hard on entertainment, but they have since been trying to get back on track by returning to being a pure telecom company.

The company has also reduced its dividend to free up more cash flow to continue rebuilding its balance sheet.

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