Insights

2 ASX tech shares that might be buys in November 2021

Redbubble is one of the ASX tech shares that could be contenders for November 2021.
The post 2 ASX tech shares that might be buys in November 2021 appeared first on The Motley Fool Australia. –

November 2021 looks like a month that could be a good time to looking for ASX tech share opportunities.

The share market continues to move up and down and this can create opportunities for investors to find growing businesses.

Technology businesses in-particular have the ability to achieve higher margins because of the typically intangible nature of what they do.

These two ASX tech shares might be quality ideas:

Redbubble Ltd (ASX: RBL)

Redbubble says it owns and operates the leading global online marketplaces, Redbubble.com and TeePublic.com, powered by independent artists. The company sells products with “uncommon designs” on products like apparel, stationery, housewares, bags, wall art and so on. Artists get to profit from their designs and the products sold.

After a very strong FY21 (and lots of mask sales), the company is seeing a decline in marketplace revenue, which was down 28% to $106 million in the first quarter of FY22. Excluding masks and on a paid basis, marketplace revenue was down 6%. The month of September only saw a decline of 2%.

It’s expecting FY22 marketplace revenue to be slightly above FY21’s marketplace revenue when excluding mask sales.

In the second half of FY22, the ASX tech share is expecting a steady return to year on year growth rates consistent with meeting its medium-term aspirations.

The business said that it remains confident and excited about the medium to longer-term opportunity to grow strongly its online marketplaces for consumers and extend Redbubble’s global market leadership as the largest platform for independent artists.

The Redbubble share price fell around 10% over the last month. It’s currently rated as a buy by Morgan Stanley with a price target of $6.50.

Betashares Nasdaq 100 ETF (ASX: NDQ)

This ASX tech share is an exchange-traded fund (ETF) that gives investors the ability to indirectly invest in many of the world’s biggest technology businesses.

The ETF has sizeable positions in businesses like Apple, Microsoft, Amazon, Tesla, Nvidia, Alphabet, Facebook/Meta, Adobe and Netflix.

Many of these businesses are world leaders at what they do, or have completely developed their own category. For example, Google is the dominant leader in ‘search’ and online video. Netflix is an extremely powerful force in streaming TV shows and movies. Tesla is a global leader in electric cars and batteries.

Owning this ETF gives investors the ability to benefit from how these tech companies are changing the world and introducing new products or services.

But there are numerous other tech-focused businesses within this portfolio. There are actually 100 positions in total in the portfolio. Other tech-enabled companies include PayPal, Cisco Systems, Broadcom, Intuit, Texas Instruments, Advanced Micro Devices, Honeywell, Qualcomm, Intuitive Surgical, Booking and so on.

As a group of businesses, the ETF’s portfolio has seen net returns of almost 25% per annum over the last three years. Since inception in May 2015, Betashares Nasdaq 100 ETF has produced an average return per annum of 22.4%.

It has an annual management fee cost of 0.48%, which is relatively low compared to what an active internationally-focused fund manager may charge.

The post 2 ASX tech shares that might be buys in November 2021 appeared first on The Motley Fool Australia.

Should you invest $1,000 in Redbubble right now?

Before you consider Redbubble, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Redbubble wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Why Bubs, Dalrymple Bay, IAG, and Redbubble shares are dropping

These are the 10 most shorted ASX shares

2 ETFs worth considering for a diversified ASX share portfolio today

2 top ETFs that might be buys in November 2021

2 top ASX growth shares that could be buys

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia owns shares of and has recommended BETANASDAQ ETF UNITS. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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