In the continuously increasing global tumult, volatility has had the stock market fluctuating from extreme bearishness to brief moments of bullishness. And although most of the time the direction is down, moving ahead with a game plan will pay off in the long run. Investors ought to stake claims in the current trends to maximize returns kn the future.
However, the investors should not only invest in usual suspects during investing in the world of smart devices but also in companies that offer solutions in the automotive or retail space. Here’s a list of five stocks that you can consider.
Cisco Systems :
It provides direct benefits from the surge of people working from home to abolish corona virus. Cisco has wisely built large scale networks that are highly available and secure. The customers are provided with better tools for managing network and to ensure its security.
Although the company recently cancelled its share buyback to preserve cash in hand, it is one of the best telecom sectors right now. Currently, the average price target on AT&T stock is of $42.10.
Nokia has always been a leading supplier of 5G networking solutions. The company made an announcement in March that it is collaborating with Intel (NASDAQ:INTC). Nokia will ship its 5G AirScale radio access solution variants with Intel’s Atom P5900 processor embedded in it.
The company has achieved cloud native CI/CD pipeline delivery for standalone 5G Core network of KDDI. This will further help the automatic deployment of new software and functions without disruption of the 5G core network.
NXP Semiconductor has beaten consensus estimates again in the fourth quarter. The company gained profit due to strong demand in mobile, automotive, and industrial IoT markets. Revenue topped $30 million, $2.3 billion above company guidance.