Top Tech Stocks for 2013 on Wall Street Magnate

March 06, 2014

The hottest category of stocks traded on Wall Street Magnate in 2013 was by far tech stocks. Members traded tech stocks to such a degree that nearly every day at least three of the top ten most heavily traded stocks on the site were tech stocks. Let’s take a look at the top five most heavily traded tech stocks traded on Wall Street Magnate in 2013:

#5 Yahoo! – Yahoo’s market capitalization increased in value by $17.3 billion in 2013 and its stakes in Yahoo Japan and Alibaba (the Chinese search engine) appreciated considerably. The company also raised $1.3 billion of convertible debt at attractive rates in 2013 and further strengthened its balance sheet by generating $786 million in free cash flow while realizing $304 million in Japanese Yen hedges.

#4 Microsoft – Microsoft finished 2013 with its stock up over 40%. Although PC sales dipped, Microsoft’s earnings stayed afloat. Moreover, while Windows 8 may not have initially made a huge splash, subsequent releases have improved the earlier problems somewhat, raising expectations. Additionally, there is consensus that the company was undervalued before, and its offerings for businesses are growing quickly, with new segments of Microsoft’s software hitting important revenue benchmarks.

#3 – Amazon finished 2013 with its stock up 62%. Over the last five years, Amazon’s stock has risen nearly 700%. Amazon ended 2013 with a market capitalization of approximately $184 billion despite failing to turn a profit, as the company chose to reinvest its large revenues back into fulfillment centers and data centers. Overall, investors appeared pleased with the company’s efforts in 2013 to expand its grocery delivery service, develop original TV programming, and create flying delivery drones to shuttle packages directly to people’s homes.

#2 Apple – Apple finished 2013 with its stock down nearly 30%, although the stock has remained a favorite among Wall Street Magnate members. Apple has been through far worse downturns, however, including when the stock fell 77% in just three months in late 2000. Apple has always rebounded, and a number of analysts still believe the stock will again experience a strong rally in 2014. Especially following the record-setting opening weekend for the iPhone 5s and 5c, there is reason for optimism on the horizon.

#1 Google – Google finished 2013 with its stock up 60%, following earnings and revenue that far exceeded expectations. Increased revenue from Google's ability to better target ads on both desktop and mobile was a key factor in Google’s 2013 success. Additionally, YouTube, which is owned by Google, is seen as well poised to benefit from an expected shift in advertising dollars away from traditional television. Google's supremacy as the search engine of choice and its established advertising business continue to give it an advantage over competitors in 2014.

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