The historic short squeeze at GameStop and other sharply shortened stocks dominated the financial headlines last week. The coordinated efforts, coordinated by the users of Reddit, resulted in GameStop stock up more than 1,600% since the start of the year.
Investors may be tempted to chase those incredible profits or hit other short squeeze goals like AMC Entertainment or Nokia, but many of these stocks have essentially grown into full-blown casinos.
Rather than gamble in the market, investors should stick with stocks that deliver reliable long-term returns. Here are three well-known tech stocks that might be just right for you: Palo Alto Networks (NYSE: PANW), Apple (NASDAQ: AAPL), and Pinterest (NYSE: PINS).
1. Palo Alto Networks
I recently selected Palo Alto as my top cybersecurity pick for 2021 for four reasons: it’s the leader in enterprise firewalls; It has a growing cloud-native security platform. it expands …