Business & Investment

Forget Apple Stocks: Two Top TSX5G Stocks to Buy in 2021

Apple (NASDAQ: AAPL) It’s one of the most rewarding stocks in the last decade. It was trading up 81% in 2020 and up 8% in January. The company’s efforts to make the product nearly perfect have made it one of the most valuable brands in the world.

Apple’s success

Over the last decade, Apple stock has delivered a solid positive return of 1,070%. The company is believed to have been very successful not only by tech enthusiasts, but also by the world’s largest investors such as Warren Buffett.That’s why Apple is the largest stake in Buffett’s investment firm Berkshire Hathaway.. Currently, Berkshire Hathaway owns approximately 944.3 million shares of Apple.

Apple will announce its latest quarterly financial results on Wednesday. Analysts expect the company to report adjusted earnings of $ 1.41 per share in the first quarter of fiscal year 2021. It’s about 13% higher than the $ 1.25 profit in the first quarter of fiscal year 2020.

The American tech giant is already betting on 5G technology as the recently released iPhone 12 (the first smartphone to support 5G). The widespread availability of 5G technology could help Apple continue to dominate the North American smartphone market.

But Apple isn’t the only one making big bets on 5G technology. Here are two great Canadian stocks you can buy to benefit from the 5G Revolution. These stocks could even outpace Apple stocks in the medium term.

Telus

Telus (TSX: T)(NYSE: TU) Vancouver-based telecommunications giant. Over the next few years, most Canadians will use 5G mobile technology. That’s why Telus is betting high on it. The company currently derives more than half of its revenue from wireless network segments. The adaptation of 5G technology could further increase revenue from this segment.

The recent trend in Telus’ finance is strong. Despite COVID-19 related challenges, we continued to report positive sales growth in the first three quarters of 2020. Revenues in 2020 are expected to decline due to pandemic-related headwinds, but analysts expect revenue growth of around 21% in 2021.

Telus shares ended in 2020 with mixed notes without major changes.Nevertheless, its recent Increased investment With stable growth from the 5G infrastructure and the wired segment, we will be able to outperform the broader market in 2021.

Sierra wireless

Sierra wireless (TSX: SW)(NASDAQ: SWIR) Another great TSX If you want to benefit from the upcoming 5G boom, keep in stock. The company manufactures wireless communication devices such as machine-to-machine modules and gateways.

Over the last decade, the company’s inventory has skyrocketed as 4G communications technology has become mainstream. As 5G technology becomes mainstream, Sierra Wireless shares are expected to rise even further.Last October, the company Presentation Its AirLink MG90 5G platform availability is the world’s first multi-network 5G vehicle router.

As the demand for electric and self-driving cars grows, the demand for 5G network devices for automobiles can skyrocket in the coming years. So now I think the stock is a great buy.


David Gardner It owns shares in Apple and Sierra Wireless. Motley Fool owns and recommends shares in Apple and Berkshire Hathaway, Inc. Motley Fool recommends TELUS CORPORATION and recommends the following options: a $ 225 call at the short Berkshire Hathaway (B Share) in March 2021 and 200 at the short Berkshire Hathaway (B Share) in January 2023. A dollar call, and a $ 200 call at the long Berkshire Hathaway in January 2023 (B Share). Stupid contributor Jitendra Parashar There are no positions in any of the listed stocks.

Forget Apple Stocks: Two Top TSX5G Stocks to Buy in 2021

https://www.fool.ca/2021/01/27/forget-apple-stock-2-top-tsx-5g-stocks-to-buy-in-2021/ Forget Apple Stocks: Two Top TSX5G Stocks to Buy in 2021

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