ZNGA - 3 Stay-at-Home Tech Stocks to Buy in July
The part of the economy that relies on in-person interaction is a wreck, but digital businesses are riding high. And for good reason. Shelter-in-place -- voluntary or ordered -- isn't over yet.
As the world still tries to manage the coronavirus pandemic while waiting for a viable treatment or vaccine to become available, businesses are adjusting to a new reality. Three technology stocks I think will do well now and on into the future are Zynga (NASDAQ: ZNGA), American Software (NASDAQ: AMSWA), and Limelight Networks (NASDAQ: LLNW).
Mobile gaming creator Zynga is a company I have followed for years but never quite gotten around to purchasing. Back in early April, I called the small company responsible for popular titles like Words With Friends, FarmVille, Zynga Poker, and CSR Racing a buy, but amid the market meltdown other stocks ultimately won out for my investment funds. Since then, Zynga shares are up over 40%. What can I say? You win some, you lose some.