Tech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says

cnbc2021-05-13

Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and ...

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Comments

kyawkh
2021-05-14
kyawkh
Gosh
SHANEYBOY
2021-05-14
SHANEYBOY
Nice
Breakthru
2021-05-13
Breakthru
Tech the way to go in long term
- ngchris:
  Agreed.
- xemrunx:
  At this rate, the correction will make people lose their money when they buy them on a high.
vincent1wwb
2021-05-13
vincent1wwb
oic
March_m
2021-05-13
March_m
It’s the future, but we got to be very patient with it
acumen
2021-05-13
acumen
Cool

Leave a comment

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I think we could easily do another 10%\" despite strong earnings and guidance from major tech companies, Meeks said.Meeks, who manages over $800 million in assets, added that tech's near-term future was \"very difficult to predict\" because investors are focused on how inflation and interest rates will impact the sector — not its own relatively healthy fundamentals.\"Don't give up on tech. It's always the most innovative companies on the planet Earth. It's always where you want to be,\" he said. \"They're going to have some great buying opportunities. But it's going to be a bit lower.\"In terms of where to invest, Meeks recently turned positive on a space he once deemed too speculative: cryptocurrencies.While he advised against investing in the cryptocoins themselves, derivative plays such asSquare,PayPalandCoinbasecould offer investors some upside, he said.\"I like those plays. 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1164484222","content_text":"Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and interest rates.\"The carnage that we've seen over the last couple of days unfortunately could only be the start of it,\" the portfolio manager at Independent Solutions Wealth Management said Wednesday on CNBC's\"Trading Nation.\"U.S. stock futuresappeared to rebound early on Thursday, with large-cap tech names turning theNasdaq Compositepositive for the week.\"We've already had a beating in the tech sector close to about 10%. I think we could easily do another 10%\" despite strong earnings and guidance from major tech companies, Meeks said.Meeks, who manages over $800 million in assets, added that tech's near-term future was \"very difficult to predict\" because investors are focused on how inflation and interest rates will impact the sector — not its own relatively healthy fundamentals.\"Don't give up on tech. It's always the most innovative companies on the planet Earth. It's always where you want to be,\" he said. \"They're going to have some great buying opportunities. But it's going to be a bit lower.\"In terms of where to invest, Meeks recently turned positive on a space he once deemed too speculative: cryptocurrencies.While he advised against investing in the cryptocoins themselves, derivative plays such asSquare,PayPalandCoinbasecould offer investors some upside, he said.\"I like those plays. And I do, long term, like the semiconductor trade,\" he said. \"Not short term, because it's highly volatile, but long term, I do likeMicronvery much andApplied Materials, which is a maker of semiconductor equipment.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198923224,"gmtCreate":1620919707768,"gmtModify":1704350546984,"author":{"id":"3577179932406984","authorId":"3577179932406984","name":"Breakthru","avatar":"https://community-static.tradeup.com/news/10a7a474b045a5fb536df577e9d95c5a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3577179932406984","idStr":"3577179932406984"},"htmlText":"Tech the way to go in long term","listText":"Tech the way to go in long term","text":"Tech the way to go in long term","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198923224","repostId":1164484222,"repostType":4,"repost":{"id":"1164484222","kind":"news","pubTimestamp":1620914209,"share":"https://ttm.financial/m/news/1164484222?lang=&edition=fundamental","pubTime":"2021-05-13 21:56","market":"us","language":"en","title":"Tech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says","url":"https://stock-news.laohu8.com/highlight/detail?id=1164484222","media":"cnbc","summary":"Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the la","content":"<div>\n<p>Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1164484222","content_text":"Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and interest rates.\"The carnage that we've seen over the last couple of days unfortunately could only be the start of it,\" the portfolio manager at Independent Solutions Wealth Management said Wednesday on CNBC's\"Trading Nation.\"U.S. stock futuresappeared to rebound early on Thursday, with large-cap tech names turning theNasdaq Compositepositive for the week.\"We've already had a beating in the tech sector close to about 10%. I think we could easily do another 10%\" despite strong earnings and guidance from major tech companies, Meeks said.Meeks, who manages over $800 million in assets, added that tech's near-term future was \"very difficult to predict\" because investors are focused on how inflation and interest rates will impact the sector — not its own relatively healthy fundamentals.\"Don't give up on tech. It's always the most innovative companies on the planet Earth. It's always where you want to be,\" he said. \"They're going to have some great buying opportunities. But it's going to be a bit lower.\"In terms of where to invest, Meeks recently turned positive on a space he once deemed too speculative: cryptocurrencies.While he advised against investing in the cryptocoins themselves, derivative plays such asSquare,PayPalandCoinbasecould offer investors some upside, he said.\"I like those plays. And I do, long term, like the semiconductor trade,\" he said. \"Not short term, because it's highly volatile, but long term, I do likeMicronvery much andApplied Materials, which is a maker of semiconductor equipment.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4323104,"gmtCreate":1620962917635,"gmtModify":1680788684291,"authorId":3572005609122539,"author":{"id":3572005609122539,"idStr":"3572005609122539","authorId":3572005609122539,"name":"ngchris","avatar":"https://static.tigerbbs.com/76fa13deb76ef9b61305ed927b5c3290","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198923224,"type":1,"supId":4318624,"prevId":0,"content":"Agreed.","text":"Agreed.","html":"Agreed."},{"id":4318624,"gmtCreate":1620942290178,"gmtModify":1680788613124,"authorId":3582226472907626,"author":{"id":3582226472907626,"idStr":"3582226472907626","authorId":3582226472907626,"name":"xemrunx","avatar":"https://static.tigerbbs.com/583e20a7b5e43659d8c6d8defff45140","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.06.10","exceedPercentage":"93.54%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198923224,"type":1,"supId":0,"prevId":0,"content":"At this rate, the correction will make people lose their money when they buy them on a high.","text":"At this rate, the correction will make people lose their money when they buy them on a high.","html":"At this rate, the correction will make people lose their money when they buy them on a high."}],"langContent":"EN"},{"id":198982301,"gmtCreate":1620918676503,"gmtModify":1704350524875,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3579320341894615","idStr":"3579320341894615"},"htmlText":"oic","listText":"oic","text":"oic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198982301","repostId":1164484222,"repostType":4,"repost":{"id":"1164484222","kind":"news","pubTimestamp":1620914209,"share":"https://ttm.financial/m/news/1164484222?lang=&edition=fundamental","pubTime":"2021-05-13 21:56","market":"us","language":"en","title":"Tech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says","url":"https://stock-news.laohu8.com/highlight/detail?id=1164484222","media":"cnbc","summary":"Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the la","content":"<div>\n<p>Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1164484222","content_text":"Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and interest rates.\"The carnage that we've seen over the last couple of days unfortunately could only be the start of it,\" the portfolio manager at Independent Solutions Wealth Management said Wednesday on CNBC's\"Trading Nation.\"U.S. stock futuresappeared to rebound early on Thursday, with large-cap tech names turning theNasdaq Compositepositive for the week.\"We've already had a beating in the tech sector close to about 10%. I think we could easily do another 10%\" despite strong earnings and guidance from major tech companies, Meeks said.Meeks, who manages over $800 million in assets, added that tech's near-term future was \"very difficult to predict\" because investors are focused on how inflation and interest rates will impact the sector — not its own relatively healthy fundamentals.\"Don't give up on tech. It's always the most innovative companies on the planet Earth. It's always where you want to be,\" he said. \"They're going to have some great buying opportunities. But it's going to be a bit lower.\"In terms of where to invest, Meeks recently turned positive on a space he once deemed too speculative: cryptocurrencies.While he advised against investing in the cryptocoins themselves, derivative plays such asSquare,PayPalandCoinbasecould offer investors some upside, he said.\"I like those plays. And I do, long term, like the semiconductor trade,\" he said. \"Not short term, because it's highly volatile, but long term, I do likeMicronvery much andApplied Materials, which is a maker of semiconductor equipment.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198997613,"gmtCreate":1620917146632,"gmtModify":1704350488313,"author":{"id":"3580437128970359","authorId":"3580437128970359","name":"March_m","avatar":"https://static.tigerbbs.com/c79c26d5f3dd57115bbcf794ff43dff2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3580437128970359","idStr":"3580437128970359"},"htmlText":"It’s the future, but we got to be very patient with it&nbsp;","listText":"It’s the future, but we got to be very patient with it&nbsp;","text":"It’s the future, but we got to be very patient with it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198997613","repostId":1164484222,"repostType":4,"repost":{"id":"1164484222","kind":"news","pubTimestamp":1620914209,"share":"https://ttm.financial/m/news/1164484222?lang=&edition=fundamental","pubTime":"2021-05-13 21:56","market":"us","language":"en","title":"Tech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says","url":"https://stock-news.laohu8.com/highlight/detail?id=1164484222","media":"cnbc","summary":"Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the la","content":"<div>\n<p>Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1164484222","content_text":"Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and interest rates.\"The carnage that we've seen over the last couple of days unfortunately could only be the start of it,\" the portfolio manager at Independent Solutions Wealth Management said Wednesday on CNBC's\"Trading Nation.\"U.S. stock futuresappeared to rebound early on Thursday, with large-cap tech names turning theNasdaq Compositepositive for the week.\"We've already had a beating in the tech sector close to about 10%. I think we could easily do another 10%\" despite strong earnings and guidance from major tech companies, Meeks said.Meeks, who manages over $800 million in assets, added that tech's near-term future was \"very difficult to predict\" because investors are focused on how inflation and interest rates will impact the sector — not its own relatively healthy fundamentals.\"Don't give up on tech. It's always the most innovative companies on the planet Earth. It's always where you want to be,\" he said. \"They're going to have some great buying opportunities. But it's going to be a bit lower.\"In terms of where to invest, Meeks recently turned positive on a space he once deemed too speculative: cryptocurrencies.While he advised against investing in the cryptocoins themselves, derivative plays such asSquare,PayPalandCoinbasecould offer investors some upside, he said.\"I like those plays. And I do, long term, like the semiconductor trade,\" he said. \"Not short term, because it's highly volatile, but long term, I do likeMicronvery much andApplied Materials, which is a maker of semiconductor equipment.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198991845,"gmtCreate":1620916869187,"gmtModify":1704350479079,"author":{"id":"3576311608929703","authorId":"3576311608929703","name":"acumen","avatar":"https://static.tigerbbs.com/dbd3b876266831d4b03d3feceb672c51","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576311608929703","idStr":"3576311608929703"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198991845","repostId":1164484222,"repostType":4,"repost":{"id":"1164484222","kind":"news","pubTimestamp":1620914209,"share":"https://ttm.financial/m/news/1164484222?lang=&edition=fundamental","pubTime":"2021-05-13 21:56","market":"us","language":"en","title":"Tech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says","url":"https://stock-news.laohu8.com/highlight/detail?id=1164484222","media":"cnbc","summary":"Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the la","content":"<div>\n<p>Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1164484222","content_text":"Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and interest rates.\"The carnage that we've seen over the last couple of days unfortunately could only be the start of it,\" the portfolio manager at Independent Solutions Wealth Management said Wednesday on CNBC's\"Trading Nation.\"U.S. stock futuresappeared to rebound early on Thursday, with large-cap tech names turning theNasdaq Compositepositive for the week.\"We've already had a beating in the tech sector close to about 10%. I think we could easily do another 10%\" despite strong earnings and guidance from major tech companies, Meeks said.Meeks, who manages over $800 million in assets, added that tech's near-term future was \"very difficult to predict\" because investors are focused on how inflation and interest rates will impact the sector — not its own relatively healthy fundamentals.\"Don't give up on tech. It's always the most innovative companies on the planet Earth. It's always where you want to be,\" he said. \"They're going to have some great buying opportunities. But it's going to be a bit lower.\"In terms of where to invest, Meeks recently turned positive on a space he once deemed too speculative: cryptocurrencies.While he advised against investing in the cryptocoins themselves, derivative plays such asSquare,PayPalandCoinbasecould offer investors some upside, he said.\"I like those plays. And I do, long term, like the semiconductor trade,\" he said. \"Not short term, because it's highly volatile, but long term, I do likeMicronvery much andApplied Materials, which is a maker of semiconductor equipment.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":45,"commentSize":25,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1164484222"}