If there’s been one constant through this pandemic-induced economic mess, it’s that tech has 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’s implementation of 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 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 tech-related stocks — is still up 13% over the last six months. In fact, it’s one of only four S&P 500 indexes trading in the green since February.
They examine what each of these three companies does and how they’ve performed recently.
Even better, you’ll get insight into what you should do with these three companies if you’re 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 at these specific stocks, giving our expert analysis on each one.
The Bull & The Bear
Led by O’Dell and a team of finance journalists, traders and experts, Money & Markets gives you the information you need to protect your nest egg, grow your wealth and safeguard your financial well-being.
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Pro tip: Money & Markets’ Chief Investment Strategist Adam O’Dell has found a little-known gold investment that can give you up to nine times more profit than buying gold coins, exchange-traded funds or bullion. Check it out here.