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The Best Technology Stocks for 2016

The technology sector is home to many of the most dynamic growth companies around, and investing in top-quality tech names can be remarkably profitable for investors. Even better, sector leaders such as Apple , Alphabet , and Priceline look well positioned to continue delivering substantial gains in 2016 and beyond.

Apple

Apple is entering a crucial period in 2016. Wall Street analysts are expecting a big slowdown in growth next year, and Apple stock is priced at cheap levels due to these unassuming forecasts. If Apple proves that it can do better than expected, investors in the company should be handsomely rewarded over the coming year.

IMAGE SOURCE: PRICELINE.

Even under challenging conditions, Priceline delivered a big increase of 29% in gross travel bookings on a constant currency basis during the third quarter. The company's accommodation business booked 116 million room nights in the quarter, an increase of 22% from the same quarter last year. Based on data for the third quarter, Priceline's Booking.com has over 380,000 properties in its platform, an anual increase of 38%.

Priceline stock is trading at a forward price-to-earnings ratio around 18, roughly in line with the average company in the S&P 500. This sounds like a decent price to pay for a high-growth company leading the online travel revolution.

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The article The Best Technology Stocks for 2016 originally appeared on Fool.com.

Andrés Cardenal owns shares of Alphabet (A shares), Alphabet (C shares), Apple, and Priceline Group. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Apple, and Priceline Group. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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