Looking for a new flame this weekend? Growing tech stocks have a lot to offer in an investment relationship. The world is going digital, so there’s no shortage of growth in the decade ahead, and technology is highly profitable, too. Three Fool.com contributors think PayPal Holdings (NASDAQ: PYPL), Universal Display (NASDAQ: OLED), and Microchip Technology (NASDAQ: MCHP) are worth your attention right now.
Nicholas Rossolillo (PayPal Holdings): Digital payments aren’t new, but PayPal has done a ton of work to make them more mobile and touchless. Since the digital wallet company was spun off from former parent eBay back in 2015, shares are up over 670% as the app has become a modern household name.
But PayPal’s run is far from over. The fintech company sits at an increasingly important intersection of banking and technology. In a world that has been pushed further down the digital road, flexible options to send money and make purchases is a must for consumers and businesses alike. PayPal and its subsidiaries (mobile money movement app Venmo chief among them) are providing the needed tools, enabling e-commerce, touchless payments in stores, flexible payment terms (its interest-free “Pay in 4” buy now pay later option), and a growing ecosystem of related services.