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Stock impact report

3 Top Warren Buffett Tech Stocks to Buy Right Now [The Motley Fool]

StoneCo Ltd. - Class A Common Share (STNE) 
Company Research Source: The Motley Fool
Warren Buffett has cultivated a reputation for being somewhat averse to tech stocks asBerkshire Hathawaytechnology stocksWith that in mind, we asked three Motley Fool contributors to profile a Buffett-backed tech stock that's worth buying right now. Read on to see why they think thatStoneCo(NASDAQ:STNEAmazonNASDAQ:AMZNAppleNASDAQ:AAPLImage source: Getty Images.One of Berkshire's hottest stocksKeith Noonan(StoneCo):Adoption for payment-processing services in Brazil remains low compared to the U.S., Europe, and much of Asia, but there's big room for growth in the category as Brazilians increasingly rely on card- and mobile-based payments instead of cash for everyday transactions. The company also looks poised to benefit from the growth of online retail in Brazil and other Latin American countries.A 09 report fromJ.P. MorganStone managed to add 6,000 new merchant clients in the third quarter, and adjusted total payment volume conducted through the company's platform soared 8% compared to Show less Read more
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