Check out the top 10 ASX stocks in Q4 2022

2022 has seen global economies raise interest rates in response to inflation caused by low rates and stimulus measures during the Covid-19 pandemic.

Inflation often lowers demand for equities as interest rates become more attractive elsewhere. This can cause panicked investors to divest from publicly traded tech companies, subsequently driving down the price of many tech stocks.

For example, US tech giants listed on the NASDAQ 100 Technology Sector Index, such as Apple, Microsoft and Alphabet, saw declines in value in the first three weeks of the year.

A tech stock refers to any company operating in the technology sector – a space encompassing everything from e-commerce, semiconductors, social media and even cloud computing.

Australian tech stocks, like their international counterparts, also saw a share price slide that continued into early 2022, hitting an eight-month low on January 24 this year.

However, tech stocks are known to be resilient and are likely to improve their performance as market sentiment improves as investors acclimate to rising inflation and rising interest rates. .

Some may see the drop in tech stocks as a chance to buy while the stock price is low in the hope that they will appreciate over time. Note that past performance does not guarantee future results. So if you want to buy these stocks, it is wise to do a thorough technical and fundamental analysis and make sure your position matches your investment plan.

  1. To block
  2. WiseTech Global
  3. computer sharing
  4. Xero
  5. Altium
  6. NEXTDC
  7. Technology One
  8. Liaison group
  9. Irene
  10. Dickerdata

1. Block: $57.48 billion

Block is a global fintech company that was launched in 2009 by Twitter co-founder and former CEO Jack Dorsey.

The company owns several payment brands that target small businesses and consumers, including Square, Cash App and Australia’s BNPL Afterpay platform. Other key brands include decentralized finance platform TBD, music streamlining service Tidal and web hosting service Weebly.

In January 2022, the company completed its $39 billion acquisition of Afterpay, giving it access to 3.6 million active customers in the United States, 3.1 million in Australia and New Zealand, and 600,000 in UK.

2. WiseTech Global: $18.85 billion

WiseTech Global is a logistics software company whose flagship product, CargoWise One, serves as a platform for automating and analyzing supply chain operations.

More than 18,000 logistics organizations in 170 countries use WiseTech’s software, including 24 of the world’s top 25 freight providers and 41 of the world’s top 50 third-party logistics providers.

3. Computer sharing: $14.55 billion

Melbourne-based Computershare is a share registry company that facilitates the transfer of ownership of securities. It was founded in 1978 and is one of Australia’s oldest IT companies.

In addition to share registration services, Computershare assists companies with employee stock ownership plans, stakeholder communications, fund services and corporate governance.

4. Xero: $12.63 billion

Software developer Xero provides cloud-based accounting tools for small business owners and accountants. One of the main selling points of Xero products is the automation of the many accounting and bookkeeping tasks that small businesses have to perform on a regular basis.

Xero has integrated them with more than 1,000 third-party applications to improve the functionality of its software. The company says its products currently have over 3 million subscribers in Australia, New Zealand and the UK.

5. Altium: $4.7 billion

According to Altium, it is currently the world’s leading supplier of printed circuit board (PCB) software after 35 years of research and design work.

75% of the company’s revenue comes from subscriptions, while its revenue comes from a variety of regional sources, including the Americas (55%), Europe (31%), emerging markets (10%) and Asia ( 5%).

6. NEXTDC: $4.5 billion

Data center company NEXTDC markets itself as a customer-centric digital infrastructure provider. The company has nine data centers across Australia and offers over 730 specialized ICT clouds, networks and services in conjunction with its partner ecosystem.

NEXTDC claims to provide its services to some of the world’s leading cloud platforms. The technology company recently won the 2022 Australian Data Center Services Company of the Year award from global consultancy Frost & Sullivan.

7. First technology: $3.64 billion

Technology One’s Software-as-a-Service (SaaS) platform focuses on the financial software needs of businesses and government departments. Major customers include regional governments, universities and museums located throughout Australia and the UK.

The company claims to be one of Australia’s first technology start-ups and launched its first software product, FinanceOne, in 1991. It operates one of Australia’s largest software R&D centers, with a team of over 400 developers.

8. Link Group: $2.15 billion

Founded in 2005 in New Zealand, Link Group provides recordkeeping technology and information solutions to the global financial industry. The company operates across the globe including Australia, India, South Africa, UK and Europe.

Link says it is the largest service provider in Australia’s superannuation administration industry, serving the fourth largest pool of pension funds in the world. It also provides its services to the corporate market, fund managers and the banking industry.

9. Iress: $2.13 billion

Fintech company Iress produces software for the financial services industry, covering areas such as financial advice, trade and market data, investment management and pensions.

The company operates in Asia Pacific, UK, Europe, North America and Africa. According to Iress, more than 10,000 companies and more than 500,000 people use its software.

10. Dicker Data: $1.8 billion

Founded in 1978, Dicker Data is a long-time veteran of the Australian information technology industry with over four decades of experience.

The company is a distributor of hardware, software and cloud services and has an exclusive partner base of over 6,000 resellers. Dicker’s product portfolio encompasses a wide variety of global Tier 1 brands, including Cisco, Citrix, Dell Technologies, Hewlett and Packard Enterprise, HP, Lenovo and Microsoft.

Here’s how to buy, sell, and trade these top 10 promising ASX-listed tech companies:

How to buy and invest in tech stocks

With us, traders and investors can buy any of the top 10 tech stocks, using our stock trading platform by following four steps:

  1. Open a stock trading account or log in

  1. Fund your stock trading account

  1. Open the platform to the stock trading account, go to the “Finder” panel, enter and search for your favorite tech stock

  1. Click on the transaction ticket, where the “in exchange” option will appear. “In exchange” means interacting directly with the relevant exchange

How to trade tech stocks with CFDs

For those who prefer to use leveraged derivatives like CFDs, you can use our market-leading platform to capitalize on long (“buy”) and short (“sell”) price movements.

Trading tech stocks with CFDs with us can be done in a few steps:

  1. Open a CFD trading account or login

  1. Find the tech stock you want to go short or long on

  1. Click “sell” or “buy” in the transaction ticket

  1. Choose your post size

  1. Confirm exchange

Features of tech stock trading with CFDs

  • Leverage: These derivatives allow investors to gain exposure to a relatively large position in a particular asset, with a reduced initial outlay. The use of leverage can, however, be a double-edged sword for those who do not implement proper risk management strategies, because while it maximizes the potential gains reaped from a trade, it can also amplify the losses.

  • Flexibility: This differs from outright buying an asset. CFD trading gives you the opportunity to speculate on the upward or downward price movements of an underlying asset. This means that when trading, you can easily enter short positions if you believe an asset is overvalued and its value will decline.

  • Hedging: A hedge is an investment or transaction to reduce your current risk exposure. This potentially offsets one or more other positions you currently have open. You can implement hedging strategies when trading with us

Although CFD trading has its advantages, you should also be aware that CFD trading involves significant risks, as leverage magnifies profits or losses. You do not own or have any interest in the underlying asset. You have to ask yourself if you understand how CFDs work and if you can afford to take the high risk of losing your money.

Please consider the Margin Trading Product Disclosure (PDS) Statement, Risk Disclosure Notice and Target Market Determination before entering into a CFD transaction with us.

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