3 tech bargains I’d snap up for a Stocks and Shares ISA

Christopher Ruane shares a trio of tech stocks to buy now for his Stocks and Shares ISA. He thinks they offer long-term growth potential.

| More on:
pensive bearded business man sitting on chair looking out of the window

Image source: Getty Images

The past few months have been nervous ones in the tech stocks market. Not only have we seen some big falls already, I think many investors expect further declines. But I approach the markets with the mindset of a long-term investor. I therefore think the market movements have given me some attractive buying opportunities for my Stocks and Shares ISA.

Here are three shares I would consider buying for my ISA at their current prices.

Inflation Is Coming

Inflation is out of control, and people are running scared. But right now there’s one thing we believe Investors should avoid doing at all costs… and that’s doing nothing. That’s why we’ve put together a special report that uncovers 3 of our top UK and US share ideas to try and best hedge against inflation… and better still, we’re giving it away completely FREE today!

Click here to claim your copy now!

Alphabet

The parent company of GoogleAlphabet (NASDAQ: GOOG) — touches billions of lives countless times a day. Its services are wired into many people’s daily routines.

Not only do I think that means it will not disappear any time soon, it makes me hopeful about future growth prospects for the company. Its technology and user understanding, along with the installed customer base, give it commercial advantages a competitor would find difficult to match. That gives Alphabet strong pricing power. Indeed last year, its earnings soared to a record high $76bn.

But over the past year, Alphabet shares have moved up just 1%. I do think there are risks here – when tech companies reach the size of Alphabet they often attract the attention of regulators. That can hurt profits. But the tech powerhouse is a moneymaking machine. I used to own its shares in my ISA and would consider buying them again at the current price.

Amazon

Another share I would consider adding to my Stocks and Shares ISA is digital retail and data giant Amazon (NASDAQ: AMZN). The company’s shares have seen a 28% slide in the past year.

Amazon is a leading tech share, so if sector stocks fall further it would not surprise me to see Amazon among them. But stepping back from the market noise to a long-term perspective, I think the industry leader’s advantages over competitors are set to keep growing.

It has a huge customer base, including over 200m members of its Prime service. It is also an expert both in logistics and data management. Those attributes should help it be solidly profitable in years to come, I reckon.

Growing local competition in a variety of markets could force Amazon into lower profit margins. But the business model is proven and I expect the company to thrive in the coming decade. I would consider adding Amazon to my Stocks and Shares ISA today.

Netflix

I have bought Netflix for my own ISA and would consider adding more. Like Amazon, the shares have fallen in the past 12 months – in Netflix’s case by 60%.

But the business has some advantages — from its large existing user base to a unique library of content it has created. While growing competition could hurt both revenues and profits in coming years, I think the company has the ability to thrive as long as it can give viewers what they want. And at a price that seems like decent value in a worsening economic environment.

Loading up my Stocks and Shares ISA

A Stocks and Shares ISA is often about buying and holding shares as a way of trying to accumulate wealth over the long-term. That is why I am using what I think are attractive prices for some great tech stocks to build my own ISA.

6 shares that we think could be the biggest winners of the stock market crash

The hotshot analysts at The Motley Fool UK’s flagship share-tipping service Share Advisor have just unveiled what they think could be the six best buys for investors right now.

And while timing isn't everything, the average return of their previous stock picks shows that it could pay to get in early on their best ideas – particularly in this current climate!

What’s more, all six ‘Best Buys Now’ are available to access right now, in just a few clicks.

All you need is an email address to get started

Christopher Ruane owns shares in Netflix. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. The Motley Fool UK has recommended Alphabet (A shares), Alphabet (C shares), and Amazon. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Should you invest the value of your investment may rise or fall and your Capital is at Risk. Before investing your individual circumstances should be considered, so you should consider taking independent financial advice.

More on Investing Articles

Young brown woman delighted with what she sees on her screen
Investing Articles

3 easy actions that could boost my stock market returns

The UK stock market is going through a sticky patch so this Fool is looking for ways to improve his…

Read more »

Hispanic man using laptop in home office and drinking coffee
Investing Articles

Boohoo shares: time for me to admit defeat?

This Fool is nursing heavy losses from his Boohoo Group (LON: BOO) shares. Should he sell up and move on?

Read more »

Smiling young man sitting in cafe and checking messages, with his laptop in front of him.
Investing Articles

6% dividend yields! 2 cheap UK shares to buy in July

Harshil Patel considers two cheap UK shares paying fairly high dividends. He'd consider them for his Stocks and Shares ISA.

Read more »

Social media and digital online concept, woman using smartphone
Investing Articles

Will Lloyds shares recover in 2022?

Lloyds shares have struggled this year and the looming recession won't help. But I'd still buy them today.

Read more »

Two hands holding champagne glasses toasting each other with Paris in the background
Investing Articles

Can the stock market make me rich even now?

Here are three ways I'm coping with the stock market's recent bout of weakness and aiming to build wealth in…

Read more »

Cogs turning against each other
Investing Articles

3 top investment trusts to buy right now

Investment trusts offer a wide range of options for investors. And in troubled times, they provide some safety through diversification…

Read more »

pensive bearded business man sitting on chair looking out of the window
Investing Articles

Why hasn’t the FTSE 100 crashed in 2022?

The catastrophic events of 2022 have left investors around the globe fearing the worst for stock markets. And some have…

Read more »

Trader on video call from his home office
Investing Articles

2 inflation-resistant FTSE 100 stocks to buy today

Soaring inflation could dent my returns if I don't take care. Here are two top inflation-resistant FTSE 100 stocks I'd…

Read more »