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The 5 Best (And 5 Worst) Tech Stocks to Buy Now

Tech has been red-hot in 2017, and many success stories will continue for months and years to come. But not every sector stock is gold.

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Worst Tech Stocks to Buy: Yelp (YELP)

Yelp Inc (NYSE:YELP) is a useful service with a pretty strong brand name. But these factors might not be enough given the competitive environment.

Alphabet Inc (NASDAQ:GOOGL) has been making a play for the review market, and Facebook is doing the same. There’s also IAC/InterActiveCorp (NASDAQ:IAC), which has agreed to purchase Angie’s List Inc (NASDAQ:ANGI) and crowd the space.

These companies are taking a toll on Yelp, which posted horrible results in its latest quarter. Revenues climbed 24% to miss expectations, the net income line was red and the company provided tepid guidance.

Expect the deceleration to continue. Full-year revenues are forecast to range from $850 million to $865 million, while Wall Street pros were looking for a much more robust $888.7 million.

Could Yelp be bought out? Maybe, but that’s a dicey wager. As seen by other troubled digital companies such as Groupon Inc (NASDAQ:GRPN), tech “bargains” can keep getting cheaper but fail to bring in a serious buyer.

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Article printed from InvestorPlace Media, http://investorplace.com/2017/07/the-5-best-and-5-worst-tech-stocks-to-buy-now/.

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