Facebook Inc (NASDAQ:FB), eBay Inc (NASDAQ:EBAY) and Google Inc (NASDAQ:GOOGL) are the hottest tech stocks to buy, according to market experts.
Experts talked about hottest tech stocks to buy in a program on CNBC. Facebook Inc (NASDAQ:FB) remains the top choice of experts. An analyst said that around 20% of the world’s population uses Facebook daily and this user base is huge. The company will soon start monetizing its massive user base and this is why Facebook has a great potential. He said that Facebook Inc (NASDAQ:FB) must be bought on its current weakness.
Dan Nathan said that he will not buy Facebook because it has not impressed and user growth cannot be relied upon for now because of the uncertainty in the tech market. Nathan’s favorite stock is Google Inc (NASDAQ:GOOGL) because of its long term projects and growth.
Another expert said that Facebook Inc (NASDAQ:FB)’s EPS, user growth and margins make it a buy. It has made some key acquisitions which will make it a hot stock option in the coming days.
Pete Najarian said that although Google Inc (NASDAQ:GOOGL) has shown around 16% growth, but when we compare it to Facebook, the stock looks dwarfed. Najarian said that Facebook Inc (NASDAQ:FB) is a buy. Again, the user growth and popularity is the main reason behind his decision.
Najarian also said that eBay Inc (NASDAQ:EBAY) is a buy. He said that the stock will go upwards from $60 a share. He thinks that PayPal spinoff will not hurt eBay as the ecommerce is a growing marketplace and there are plenty of options. Dan Nathan said that eBay Inc (NASDAQ:EBAY) is not a buy rather it’s a very weak stock. Another expert agreed with Najarian said that eBay Inc (NASDAQ:EBAY) is a pretty decent stock to buy.