As we get closer to 5G technology becoming a reality, it’s smart to look at the top 5G stocks to watch.
Now, a lot of people may think 5G is a simple upgrade to the existing 4G cellphone technology. But it’s more than that. Much more…
At the risk of sounding cliché, when the technology is fully rolled out … it will be disruptive.
How disruptive? Well, the speeds that will be available could enable new uses for computer applications … And that could mean a dawn of new industries.
And if all goes as planned, the switch from 3G to 4G won’t compare to the 5G upgrade. It’s kind of like going from riding horses to driving cars.
5G technology promises to be a big growth driver for tech. It could change the way we interact with computers on a day-to-day basis.
Autonomous vehicles can communicate with other vehicles in real time. That can mean exchanging information such as road conditions or sudden movements better to ensure safety.
5G could also push the continued growth of the Internet of Things and smart devices. We could connect to more devices, including many mechanical and digital machines.
All these connections can give people and organizations faster access to data. And that could change everything from the way we manufacture products … secure our homes and possessions … and even how we provide medical care.
Basically, it stands to be a BIG deal.
So, what stocks are worth watching as 5G becomes a reality?
Today, we’ll look at the major 5G players and which 5G stocks to watch. (Want hot stock picks to start your week? Sign up for my no-cost weekly watchlist here!)
Ready? Let’s go!
Table of Contents
- 1 What Are 5G Stocks?
- 2 Top 5G Stocks to Watch in 2020
- 2.1 1. Inseego Corp. (NASDAQ: INSG)
- 2.2 2. Nokia Corporation (NYSE: NOK)
- 2.3 3. Ericsson (NASDAQ: ERIC)
- 2.4 4. Qualcomm Incorporated (NASDAQ: QCOM)
- 2.5 5. Atomera Incorporated (NASDAQ: ATOM)
- 2.6 6. Apple Inc. (NASDAQ: AAPL)
- 2.7 7. Alphabet Inc. (NASDAQ: GOOG)
- 2.8 8. Xilinx Inc. (NASDAQ: XLNX)
- 2.9 9. American Tower Corporation (NYSE: AMT)
- 2.10 10. SBA Communications Corporation (NASDAQ: SBAC)
- 3 What’s the Number-One 5G Stock?
- 4 Who Is the Leader in 5G Technology?
- 5 Who Are the Big Players in 5G?
- 6 How Can I Trade 5G Stocks Now?
- 7 Which Stocks Could Benefit the Most From 5G?
- 8 5G Stocks: The Wrap
- 9 One Platform. One System. Every Tool
What Are 5G Stocks?
The rollout for 5G won’t happen all at once. It’s gonna take some time.
Estimates are that we’re on track to roll out extensively throughout the end of 2020 and into 2021 … And we probably won’t see the full speeds for at least three years.
5G stocks are any stocks that could get a boost as companies deploy 5G wireless networks.
Let’s take a look at 5G stocks worth watching in 2020. Keep in mind, these are stocks to watch, not trade recommendations. Use this list as inspiration for building your own watchlist.
Top 5G Stocks to Watch in 2020
Here’s the list of 5G stocks to watch in no particular order…
1. Inseego Corp. (NASDAQ: INSG)
Inseego had already made a name for itself with 2G, 3G, and 4G solutions.
Now it wants to carry that brand momentum to support 5G advancement. The company plans to do so through 5G hardware products such as fixed wireless routers, modems, gateways, and mobile hotspots.
2. Nokia Corporation (NYSE: NOK)
Nokia has made costly mistakes in its 5G run by choosing the wrong computer chip for its hardware products … But it’s still considered a key player of the 5G smart-device market.
Already, its 7705 SAR-Hmc wireless service aggregation router has been certified for use with FirstNet. Its use will support communication with first responders around the country.
It’s been grinding up for the past five months and nearing 52-week highs.
3. Ericsson (NASDAQ: ERIC)
Ericsson is a telecom equipment maker based out of Sweden.
It’s been around the communications game a while. Recently, it’s been on a 5G winning streak, completing its 100th commercial contract for 5G installations.
It’s also partnered with UNICEF to help map school connectivity in 35 different countries by the end of 2023.
ERIC is also approaching 10-year highs, so it’s on our watchlist.
4. Qualcomm Incorporated (NASDAQ: QCOM)
QCOM recently joined forces with ERIC to increase the benefits of 5G technology.
Together, the companies have made headway in efforts to develop a stand-alone core 5G network for worldwide use.
QCOM’s goal is to leverage its products and partnerships to be the leader in 5G mobile connectivity and the chipset market.
QCOM had a recent breakout above $100 and is at 20-year highs.
5. Atomera Incorporated (NASDAQ: ATOM)
ATOM is a semiconductor company that will provide its technology for mobile 5G markets.
It recently experienced a breakout over $12 and is at all-time highs.
I’d definitely keep this on a 5G watchlist.
6. Apple Inc. (NASDAQ: AAPL)
It recently became the first U.S. company with a $2 trillion market cap … and it hit all-time highs.
And now that it’s executed a 4-to-1 stock split, its lower stock price should attract more buyers.
This month, it’s supposed to release its 5G iPhone. As innovative as Apple is, it’s sure to leverage 5G technology.
7. Alphabet Inc. (NASDAQ: GOOG)
Another big-time innovator that’s taking advantage of 5G technology is GOOG.
Earlier this year, Alphabet’s Google announced it was partnering with AT&T to deliver 5G services to business customers.
Initially, the plan is to go after retail, manufacturing, and transportation markets … But it could expand into other areas.
Both companies are currently testing products that AT&T will offer its 5G customers through Google Cloud.
GOOG also recently announced that its first 5G-enabled phones will be available this fall.
8. Xilinx Inc. (NASDAQ: XLNX)
Xilinx Inc. makes chips for devices in the communications, data processing, industrial, and automotive markets.
The company is banking that its technology will help solve capacity, connectivity, and performance challenges as 5G continues to roll out.
Earlier this year, XLNX announced that it’s teaming up with Samsung for worldwide 5G commercial deployments.
XLNX recently had a breakout past $104 and is hovering near 52-week highs.
9. American Tower Corporation (NYSE: AMT)
AMT is a real estate investment trust (REIT) that owns and operates roughly 180,000 cell towers throughout the world … That makes them one of the most important players for 5G deployment.
Large wireless providers such as AT&T, T-Mobile, and Verizon make up 88% of AMT’s client base.
AMT leadership seems optimistic about the opportunities 5G technology can provide for the company, including more build-outs.
AMT recently had a breakout past $270 and is hovering near 20-year highs.
10. SBA Communications Corporation (NASDAQ: SBAC)
SBAC owns and operates over 30,000 cell towers. And, similar to AMT, it lists AT&T, T-Mobile, and Verizon as its top customers.
Also like AMT … its infrastructure assets position the company for lots of opportunities with the 5G build-out.
SBAC is hovering at 20-year highs.
What’s the Number-One 5G Stock?
Remember … just because a stock is on a watchlist, doesn’t mean it’s the ‘best’ stock.
You still have to wait for the right stock patterns for your trading strategy and build a plan to trade it.
The number-one 5G stock is the one that fits your particular setup … and works with your trade plan.
Don’t get tricked by gurus who tell you certain stocks are fail-proof! There are always risks when you trade a stock.
Who Is the Leader in 5G Technology?
5G technology is still in its infancy, so it’s too early to tell who the leader is just yet.
A lot of companies have joined the “gold rush” to be the first to strike riches.
It’s probably gonna take a few years before it’s fully deployed … and a lot could happen in that time.
And even when it is fully deployed … there could be entirely new 5G solutions that change the game even more. It’s an exciting time!
Who Are the Big Players in 5G?
Anyone on the top 10 list could be a big player in 5G.
The reason these companies made it on this list is that they’re all in a great position. I think if these companies are smart, they can take advantage of opportunities. That can be great news for prepared traders. Watch the big players … and watch for sympathy plays.
How Can I Trade 5G Stocks Now?
Trading 5G stocks is just like trading any other stock. You’ll need a computer and an internet connection to get started.
Remember … don’t trade a stock just because you think it’ll go up. Make sure to have a trading plan.
Which Stocks Could Benefit the Most From 5G?
5G technology will be deployed in stages … And different companies will likely benefit in each of those stages.
Right now, companies that are involved with rolling out 5G could benefit the most. And when 5G is at a point where customers are using it, companies that create the applications and hardware should benefit.
Part of what’s exciting about 5G is that we don’t know what new innovations — or companies — will come out of it.
5G Stocks: The Wrap
That’s our list for the top 10 5G stocks to watch in 2020! It includes the companies we think will be heavy hitters in this growing sector.
Remember … it’s only the beginning. There’s so much potential for 5G and its rollout to affect so many other markets.
These stocks are a good starting point if you’re interested in this sector.
As always, stocks on watchlists are just ideas that can lead to good trades. It’s up to you to prepare and make sure a stock is actually worth trading.
If you’re interested in joining a community of like-minded people who are working to become smarter traders, we’d like to invite you to join our SteadyTrade Team. Every trading day we have two live webinars where you’ll get hands-on guidance to better understand the market.
What 5G stocks are on your watchlist? Which companies do you think will benefit from 5G? Comment below — we love to hear from our readers!