Business & Investment

Forget Apple and Tesla: Two Canadian Tech Stocks You Want to Buy Instead

North American tech stocks were hit in late February and early March. Soaring bond yields NASDAQ.. AppleBoasting a $ 2 trillion market capitalization of Monster, its share price fell 5% in 2021 at the time of trading on the afternoon of April 1. TeslaThe number of monster runs that have been summarized since the latter half of 2019 has decreased by 8.5% since the beginning of the year. Both tech stocks are up three-digit percentage points from the previous year. Today I would like to see two Canadian tech stocks I’m sticking to against these US giants. Let’s dive.

This tech stock is ready to grow against the backdrop of this explosive industry

In mid-March, I saw a stock that could Make a fortune For TFSA investors. Lightspeed POS (TSX: LSPD)(NYSE: LSPD) Is a Montreal-based company that provides point-of-sale and e-commerce software. Investors need to be familiar with the explosive potential of this sector, represented by high-tech stocks such as: Shopify.. Lightspeed’s share has so far dropped by 5.2% in 2021. Inventory has increased by more than 400% from the previous year.

The company achieved good results in the third quarter of 2021. Revenue increased 79% from the previous year to $ 57.6 million. In March, Lightspeed announced the acquisition of Vend Limited. Vend is a cloud-based retail management software company. The acquisition will strengthen Lightspeed’s customer base in more than 20,000 locations around the world. In addition, we will strengthen our foothold in the Asia-Pacific region.

The tech stock temporarily fell into a technically oversold territory in early March. It’s back to a neutral level, but I’m still bullish on this exciting tech stock and start April.

How Kinaxis broke out in 2020

Kinaxis (TSX: KXS) Is an Ottawa-based company that provides cloud-based subscription software for supply chain operations around the world.It succeeded in securing contracts with top companies like Ford, Toyota Motor, Unilever, Other. With the power of companies like Kinaxis, Canada has emerged as a world leader in this area.It proved Elasticity When the pandemic first occurred in early 2020. The tech stock has so far fallen 15% in 2021. Stocks are still up 46% year-on-year.

Total revenue for the fourth quarter of 2020 was $ 54.9 million, down 2% from the previous year. Meanwhile, gross profit and adjusted EBITDA decreased by 16% and 66%, respectively. Still, the company reported revenue growth of 17% for the full year, with gross profit up 12% to $ 154 million.

Kinaxis faced COVID-related booking delays throughout 2020. These were sacrificed in the fourth quarter and are expected to continue this year. However, Leadership expects the improved business environment to continue to drive growth towards the middle of the last decade. Kinaxis’ year-end sales pipeline increased 40% from 2019. This is a tech stock that Canadians should consider buying in a plunge in early April.

Speaking of e-commerce stocks to rob. .. ..

This little TSX strain could be the next Shopify

One of the lesser-known Canadian IPOs has doubled in value in a few months, and renowned Canadian stock picker Iain Butler sees potential billionaire makers awaiting. I’m …
He thinks this fast-growing company looks a lot like Shopify, so before Iain’s officially recommended stock three years ago surged 1,211%!
Iain and his team have published a detailed report on this small TSX stock. Find out how to access NEXT Shopify today!

Click here for instructions.


This article represents the opinion of a writer who may disagree with the “official” recommendation position of the Motley Fool Premium Services or Advisors. We are Motley! Asking investment treatises, even our own, can help you think critically about your investment and make decisions to be smarter, happier, and richer. As a result, we may publish articles that may not match recommendations, rankings, or other content.

Stupid contributor Ambrose O’Callahan There are no positions in any of the listed stocks. David Gardner I own shares in Apple and Tesla. Tom Gardner I own a stake in Shopify and Tesla. Motley Fool owns and recommends shares in Apple, Shopify, Shopify, and Tesla. Motley Fool owns a stake in Lightspeed POS Inc. Motley Fool recommends KINAXIS INC and recommends the following options: A short $ 130 call for Apple in March 2023 and a long $ 120 call for Apple in March 2023.

Forget Apple and Tesla: Two Canadian Tech Stocks You Want to Buy Instead

https://www.fool.ca/2021/04/05/forget-apple-and-tesla-2-canadian-tech-stocks-id-buy-instead/ Forget Apple and Tesla: Two Canadian Tech Stocks You Want to Buy Instead

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