The Info Tech sector of the S&P 500 (SP500) has been the best performing segment in 2024 as well as being the top performing segment over the past year when compared to each of the 10 other S&P sectors. Year to date, Info Tech is +31.5% while over a full one-year performance period, the sector is +44.6%.
As the Info Tech space garners a lot of attention, Seeking Alpha constructed a list of the top 10 tech stocks according to SA Quant Ratings.
For reference, SA’s Quant Ratings system grades stocks on various quantitative measures, such as valuation, growth, profitability, momentum, and revisions. The ratings run on a scale from one to five, with anything above a four representing a Buy.
Top 10 Tech Stocks According to SA Quant Ratings
No. 10: GoDaddy (GDDY): Quant Rating, 4.91.
No. 9: Immersion Corporation (IMMR): Quant Rating, 4.92.
No. 8: Impinj, Inc. (PI): Quant Rating, 4.92.
No. 7: AppLovin Corporation (APP): Quant Rating, 4.95.
No. 6: Inseego Corp. (INSG): Quant Rating, 4.95.
No. 5: Taiwan Semiconductor Manufacturing Company (TSM): Quant Rating, 4.96.
No. 4: Data Storage Corporation (DTST): Quant Rating, 4.97.
No. 3: Celestica Inc. (CLS): Quant Rating, 4.98.
No. 2: AudioEye (AEYE): Quant Rating, 4.98.
No. 1: Super Micro Computer (SMCI): Quant Rating, 4.98.
Year-to-date price action: GDDY +27.9%, IMMR +44.4%, PI +61.2%, APP +102.8%, INSG +297.2%, TSM +72.7%, DTST +118.7%, CLS +101.8%, AEYE +236.9%, and SMCI +223.6%.
