5 Tech Stocks for the Next Decade
â€œThe world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow.â€Â - Rupert Murdoch
From the novice dot com players facing the 2000 burst, to the big, established companies competing fiercely, the technology sector has definitely undergone tremendous change over the past decade. The pace of change cannot matter more in any other sector than technology where a product becomes obsolete overnight and another can change the very way people live. Constant innovation is the key to growth in such an industry. Here is a list of five stocks that seem to be more equipped than others to face this challenge in the coming decade.
Google Inc.Â (GOOG) – Google is a global technology leader focused on improving the ways people connect with information by enabling them to quickly and easily find, create, and organize information. Advertising revenue constitutesÂ around 97%Â of its total.
The company has shown an average sales and earnings growth rate of more than 20% over the last five years (~80% and 100% respectively over the past 10 years). The book value/share has also been growing at an average rate over 20% over the same period. The average five-year return on equity is also above 20%. Consistent performance in turbulent times proves the companyâ€™s commitment toward continuous innovation â€“ be it Project Gutenberg or Google (GOOG) Instant or Google Chrome, the list never ends.To continue reading, click here.