3 Blue-Chip Tech Stocks to Buy Now

• Invest in these blue-chip tech shares right after earnings beats and bullish price designs that can not be beat.
• State-of-the-art Micro Equipment (AMD) is poised to crack out of a bear marketplace downtrend following earnings trifecta.
• Worldwide Enterprise Devices (IBM) quarterly final results reveal a company pivot is doing work and shares are ripe for getting.
• Moderna (MRNA) beat avenue sights handily and sports activities a terrific bottoming sample for buyers.

The sky might not be slipping, but there is dark cloud include after much more hanging above Wall Street. And possibility assets of all measurements, mission statements and which include impressive blue-chip tech stocks with new earnings beats, are acquiring strike Wednesday.

Fears of inflation feeding on into company earnings from Walmart’s (NYSE:WMT) and Target’s (NYSE:TGT) earnings misses and hawkish Fedspeak from chairman Jerome Powell have buyers revisiting the hazard-off trade led by the blue-chip tech inventory hefty Nasdaq 100 with losses of about 3.50% intraday.

Without putting the horse or fairly the bear in entrance of the carriage, given a crucial and bullish “rally attempt” stays in perform, let us appear at 3 blue-chip tech shares to obtain that are in strong position, each off and on their cost charts, for buyers.

Ticker	Company	Cost
AMD	Advanced Micro Equipment	$96.28
IBM	Int’l Business enterprise Equipment	$132.94
MRNA	Moderna	$137.71

Blue-Chip Tech Shares to Get: Advanced Micro Devices (AMD)

Source: Charts by TradingView

State-of-the-art Micro Products (NASDAQ:AMD) is the initial of our blue-chip tech shares to buy.

The best semi outfit shipped excellent quarterly results in in early May, which conveniently topped avenue financial gain estimates by 24% and gross sales forecasts by additional than 17.50%. What is extra, AMD stock’s management issued earlier mentioned-views revenue assistance reaffirming its growth runway.

These days shares of AMD had been down additional than 5% in sympathy with the broader marketplace. But this blue-chip tech stock seems nicely-positioned to acquire based on its weekly price tag chart.

Technically, the tech stock’s near 50% bear industry of the past six months has place jointly a bullish, above-normal quantity hammer candlestick this previous week. The sample was confirmed Monday as shares traded as a result of $96.57.

At the minute investors can invest in AMD in just 1% of the first obtain final decision cost. Blended with a favorable stochastics setup and keep of Fibonacci, development and Bollinger band guidance, buying this blue-chip tech stock as part of a fully-hedged and actively-managed collar makes feeling today.

Global Company Equipment (IBM)

Resource: Charts by TradingView

Intercontinental Enterprise Devices (NYSE:IBM) is the upcoming of our blue-chip tech stocks to put on the radar for a close by purchase.

It is been just in excess of a ten years of IBM inventory currently being in the doghouse with investors. In all fairness even though, the tenured Dow Jones Industrial has had a lot to prove in the experience of more recent tech and enhanced competition.

But this blue-chip’s restructuring into a hybrid cloud system is at last spending additional than just dividends, pardon the pun, for shareholders. In late April IBM inventory announced far better-than-forecast gain and income growth.

Right now, 10-moreover yrs of marginally unfavorable dividend-adjusted returns is a additional particular profit for cash flow investors and people trying to get potential cash gains. Technically, this blue-chip tech stock is attempting to split out of a prolonged and messy triple bottom pattern as the illustrated month-to-month price chart reveals.

Well, stochastics is confirming underlying power in the foundation for customers. And following various unsuccessful breakouts trying to apparent decade-aged resistance of $137.77, the upcoming try must show large for buyers.

Not only does this blue-chip tech stock provide an appealing yield of just less than 5% for shareholders, given the dimensions of IBM’s foundation, a rally to $200 in excess of the subsequent year to 18 months seems to be really approachable.

Blue-Chip Tech Stocks to Get: Moderna (MRNA)

Resource: Charts by TradingView

Moderna (NASDAQ:MRNA) is the last of our blue-chip tech stocks to get. And this lifesaving biotech is completely ready to set in the portfolio appropriate now.

Previously this month the Covid vaccine play declared a dazzling financial gain and sales beat on ginormous year-in excess of-calendar year earnings and revenue expansion. Moderna topped off the bullish effects with news its Period 3 pipeline, which incorporates its Covid booster, could see three respiratory industrial launches around the upcoming couple of decades starting this drop.

Technically, due to the fact creating a bear current market low in early March which shaved about 75% off MRNA inventory in excess of quite a few months, shares have fashioned a reduce-lower, double-base weekly sample centered on its Covid-connected 76% retracement stage.

With the formation possessing supplemental support from a bullishly diverging stochastics set up, a Fibonacci-primarily based two-move pattern and this blue-chip tech stock pulling back within its weekly hammer candlestick, a MRNA stock collar is a recommended invest in today to assist take care of ailing portfolios.

On the day of publication, Chris Tyler holds long positions (either instantly or indirectly) in Sophisticated Micro Products (AMD). The views expressed in this short article are those people of the author, matter to the InvestorPlace.com Publishing Suggestions.

Chris Tyler is a previous flooring-based mostly, derivatives marketplace maker on the American and Pacific exchanges. For additional sector insights and similar musings, adhere to Chris on Twitter @Options_CAT and StockTwits.