It's time to buy tech stocks again, and these 17 are your best bet, says Michael Brush
Even as the stock market hits new highs, there’s discernible negativity toward the technology sector. That sets up the classic “wall of worry” for these stocks to climb — which makes them a buy.
China’s use of monetary easing, tax cuts, and infrastructure spending appear to be kicking in. And the decision to delay Brexit has reduced the potential damage from a no-deal Brexit — at least until October. Besides, IPOs are way overrated. You don’t have to participate in every one right away. In fact, a good strategy is to do the opposite and avoid them all until they turn into “busted IPOs” which means they trade significantly below their debut prices. This happens to a lot of IPOs, so it is worth being patient.
Vandeventer cites the following companies as beneficiaries of these trends: ServiceNow NOW, -0.35% Shopify SHOP, -1.62% Workday WDAY, +0.09% Paycom Software PAYC, -1.04% Okta OKTA, +0.67% Twilio TWLO, +0.56% and Paylocity PCTY, -2.08% “It’s hard to argue these are undiscovered. But this is the best place in tech to be invested,” he says. All are among the 20 largest holdings in his fund.
True, there are legitimate concerns. Social media and search giants are getting attacked from the right and the left for free speech and privacy violations. Jeffrey Gundlach of DoubleLine Capital thinks the party is over at Facebook because regulators are on the scene. Hardly a day goes by without another article repeating the cliché that young people are fleeing Facebook.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
17 Sponges That People Actually Swear ByScrub a dub, dub on all the surfaces in your home!
Weiterlesen »
AMC says 17 of its theaters will remain open 72 hours straight for ‘Avengers: Endgame’Some AMC movie theaters will stay open for 72 hours straight this weekend to accommodate the expected demand for 'Avengers: Endgame.'
Weiterlesen »
Blast kills at least 17 in northwestern Syria – rescue workersCommenting on the explosion in Jisr al Shughur town of Idlib province, chief of the Syrian Observatory for Human Rights Rami Abdel Rahman says 'it is not known until now whether it was a car bomb, or the explosion of a car carrying explosives.'
Weiterlesen »
Analysis | The Trailer: What a 17-way race in North Carolina says about the GOPIn this edition: A special election on the North Carolina coast, Tim Ryan and the young not-Bidens, and why everyone is wrong about impeachment.
Weiterlesen »
Nintendo shares jump 17 percent after Tencent wins key China Switch sales approvalNintendo Co Ltd shares jumped 17 percent in morning Tokyo trade on Friday, a day...
Weiterlesen »
17 Celebs You Didn't Realize Became Moms At Young AgesSome were as young as 17 years old.
Weiterlesen »