If there’s been one constant through this economic mess, it’s that tech stocks have ruled the stock market roost.
At least until a couple of days ago when the Nasdaq started to drop.
The reason for the decline isn’t completely clear. Some attribute it to California implementing new lockdown measures as the coronavirus spreads.
Others believe fresh tensions between the U.S. and China have something to do with it.
But the bottom line is that we just don’t know why tech stocks have retreated slightly.
It doesn’t mean it’s a bad time to buy tech stocks.
In this episode of The Bull & The Bear, host Matthew Clark talks with Money & Markets Chief Investment Strategist Adam O’Dell and contributor Charles Sizemore about three tech sector stocks.
The S&P 500 Information Tech Sector SPDR ETF (NYSEARCA: XLK) — an exchange-traded fund tracking some of the biggest technology-related stocks — is still up 13% in the last six months. In fact, it’s one of only four S&P 500 indexes trading in the green since February.
They’ll examine what each of these three companies do and how they’ve performed recently.
What’s even better is you’ll get insight on what you should do with these three companies — if you are thinking about buying or already have them in your portfolio.
Remember, depending on what your investment strategy is, not every company in a high-performing sector is worth investing in.
That’s why we do the work for you by looking that these specific stocks and give our analysis on each one.