May 20, 2025 (Baystreet.ca via COMTEX) --
Now that the S&P 500 (SPY) is up in 2025, investors have several technology stocks to consider. To diversify, investors may consider companies in the parcel shipping market while avoiding energy positions.
Uber (UBER) closed at a new high on May 16. The company demonstrated flagship products at its yearly GO-GET event. It is launching Route Share, a new option that offers riders cheap rates.
In the food delivery segment, Uber Eats will offer Savings Slider. Users may save money on groceries by enabling proactive price comparisons and substitutions.
Investors may double down on the artificial intelligence and magnificent seven names. Microsoft (MSFT), Meta Platforms (META), and Amazon (AMZN) are the most appealing picks. Round out the holdings by considering Oracle (ORCL), Broadcom (AVGO), Qualcomm (QCOM), and Block (XYZ).
Block is a speculative idea. The stock faces resistance in the $60 range, after trading as low as $44.27 recently. In the first quarter, Block posted weak Cash App Card spend data. Looking ahead, it is forecasting softness due to the macroeconomic environment.
In the shipping sector, FedEx (FDX) and UPS are compelling buys. The government cut tariffs on Chinese imports for 90 days. In the energy sector, be wary of EQT after the stock's recent highs. Antero Resources (AR) trades near the peak in the $40 range. Consider booking profits in case AR stock pulls back.
COMTEX_465645358/2559/2025-05-20T04:57:21
