The Nasdaq 100 is a stock market index comprised of the largest non-financial companies listed on the Nasdaq stock exchange. Often referred to as an index of the 100 largest technology companies in America, it tends to outperform other stock market indexes such as the Dow Jones Industrial Average and S&P 500, owing to its concentration in the largest and most profitable tech stocks.
PayPal Holdings (PYPL)
Shares of PayPal Holdings (NASDAQ: PYPL) recently experienced an 11% dip after the company issued weak forward guidance. Despite reporting better-than-expected fourth-quarter financial results, the company’s stock was affected by the disappointing guidance. The stock is now down 28% over the last 12 months and is trading at just 14 times future earnings estimates, which is remarkably low for a tech stock of its size.
The Trade Desk (TTD)
Shares of The Trade Desk (NASDAQ: TTD) also experienced a 25% fall after the company’s last earnings report. The advertising technology firm’s revenue guidance fell short of Wall Street estimates. However, a rebound in online ads is expected, potentially leading to a share price recovery when the company reports its Q4 2023 results.
Texas Instruments (TXN)
For a microchip and semiconductor stock, Texas Instruments (NASDAQ: TXN) has seen a tough year, with a nearly 10% decline in the last 12 months. Despite this, the shares are currently trading at 22 times future earnings estimates, which is considerably low for a chip stock. Furthermore, the company pays a quarterly dividend of $1.30 per share, giving the stock a strong yield of 3.25%.