Wedbush Securities managing director Dan Ives advised investors on Friday to stick with technology stocks despite the potential valuation crunch that could happen as the Federal Reserve raises interest rates.
Brian Stewart for Seeking Alpha:
“This is not the time to throw in the white towel on tech,” he told CNBC on Friday.
Calling the current era “a fourth industrial revolution,” Ives backed such stocks as CyberArk Software, Palo Alto Networks, Zscaler, NVIDIA, and Apple.
“This is an opportunity, not the start of a downtrend for tech,” he said… Ives suggested investors “double down on their winners.”
Looking at some of the stocks mentioned by Ives, NVIDIA has done by far the best in 2021, more than doubling over the course of the year. Zscaler and Palo Alto Networks have both risen nearly 50%. Apple lags behind its smaller rivals, although it has rallied about 30% for 2021. The main laggard in the group is CyberArk Software, which is basically flat on the year.
MacDailyNews Take: Take the AAPL discounts where and when you can get them!
Interns, you know what time it is! Please perform your sacred duty and Tap That Keg!™
Prost!
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MacDailyNews giving people excellent information. Especially If you are young, be wise by thinking long term. Buying Apple stock is likely one of the smartest financial decisions you can make. Buy it, tuck it away, add to it when money is available.
While there are no sure things, Companies like Microsoft and Apple and Google and Amazon are as close as you get to certainty despite the nature of stocks to go down sometimes. Shorter term the stock market can always throw a downturn at you. Play the long game. These companies have the essential platforms and products, they are perennial profit makers, R&D and staff to probe for new products, they have brand loyalty, the ability to finance new markets and (very importantly) to play the corporate long game.
Hit the ground running at 18, make a deal with your parents on rent, work save invest, go to Junior college for general Ed classes (no loans), the clock starts ticking at 18, and good luck with the non union gig economy.