Summary: The U.S. economy is expected to receive a fiscal boost with a proposed $70 billion tax deal currently being negotiated in Congress. While this deal faces challenges in a divided Congress, it could potentially stimulate consumer spending. This article highlights three quantum computing stocks that investors should consider as innovation continues to thrive.
Honeywell International Inc (HON)
Honeywell International Inc (NASDAQ:HON) is an American conglomerate corporation with operations in technologies, aerospace, building automation, and performance materials. With a valuation of $201.10, HON is financially thriving. It boasts impressive metrics such as an EBIT Margin that is 111.08% higher than the sector median, significantly higher Cash From Operations, and Working Capital Growth (YoY) that is well above the sector average. Additionally, HON recently signed a deal with NXP to build next-gen automation with AI, further demonstrating its commitment to cutting-edge technology. With its strong financials and partnership deal, HON receives a “Buy” rating for investors interested in diversifying their portfolio with a quantum computing stock.
Alphabet Incorporated (GOOGL)
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational tech company and the parent company of Google, Nest, YouTube, Waze, and Fitbit, among others. GOOGL’s stock has seen a YTD increase of 1.15% and is covered by 50 analysts who predict a median-high price forecast with significant increases. Alphabet’s market cap and revenue have also experienced significant growth in the past year, with the company expanding its Google Cloud to various locations and recently releasing a foldable phone. Thanks to its expansion, innovation, and rising financials, GOOGL receives a “Buy” rating for investors looking for potential growth.
Splunk Inc (SPLK)
Splunk Inc (NASDAQ:SPLK) is an American software company that produces an operating system for data analysis, search, and monitoring. Valued at $152.72, SPLK has shown improvement in various financial metrics, including remarkable revenue growth and gross profit margin. Splunk’s new edge processor is expected to revolutionize the industry by simplifying data transfer and allowing additional details to be added to the saved data. With its strong financials and positive outlook, SPLK receives a “Buy” rating for investors interested in investing in quantum computing.
In conclusion, the U.S. economy’s potential fiscal boost and the thriving innovation sector make quantum computing stocks an attractive option for investors. Honeywell International Inc, Alphabet Incorporated, and Splunk Inc exhibit strong financials and are actively involved in cutting-edge technologies, making them worth considering for investment in the future.