Here's why investors should be looking at old tech stalwarts right now, says this money manager

MarketWatch2021-04-06

Enthusiasm over bullish jobs data appears to have faded a bit, with stock futures slipping and investors hunting for the next catalyst to send this market higher. And in step with what we’ve seen this...

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Comments

GMJ
2021-04-06
GMJ
Interesting insights
imsomeonelse
2021-04-06
imsomeonelse
Makes sense
Vianaiviv
2021-04-06
Vianaiviv
Ooh
MNCoffee
2021-04-06
MNCoffee
Interesting
- MNCoffee:
  Fascinating
- dtjj16:
  Nice
- MNCoffee:
  Holding AAPL
- MNCoffee:
  Thanks
- dtjj16:
  holding deez nuts

Leave a comment

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And in step with what we’ve seen this...</p>\n\n<a href=\"https://www.marketwatch.com/story/heres-why-investors-should-be-looking-at-old-tech-stalwarts-right-now-says-this-money-manager-11617707447?mod=home-page\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://www.marketwatch.com/story/heres-why-investors-should-be-looking-at-old-tech-stalwarts-right-now-says-this-money-manager-11617707447?mod=home-page","article_id":"2125879172","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2125879172","pubTimestamp":1617709383,"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"Enthusiasm over bullish jobs data appears to have faded a bit, with stock futures slipping and inves","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite","MSFT":"微软",".SPX":"S&P 500 Index","AAPL":"苹果","NFLX":"奈飞",".DJI":"道琼斯","AMZN":"亚马逊"},"translate_title":"这位基金经理说：“这就是为什么投资者现在应该把目光投向老牌科技公司的原因","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"AAPL":0.9,"AMZN":0.9,"FB":0.9,"MSFT":0.9,"NFLX":0.9},"content_text":"Enthusiasm over bullish jobs data appears to have faded a bit, with stock futures slipping and investors hunting for the next catalyst to send this market higher. And in step with what we’ve seen this year, technology is set to lead the way south.\nThe Bahnsen Group’s chief investment officer, David Bahnsen, believes markets are midway through a tech pullback, not headed for a “sudden and shocking 30%, 40%, 50% drop, but that we get to a point, empirically and demonstratively so, that requires repricing.”\nIn our call of the day, Bahnsen tells MarketWatch that investors could be blind to valuation risks for certain high-profile stocks, as price/earnings ratios haven’t corrected to anything “normal or reasonable.”\nHe pulls up a bit of history as guide to what can happen.\nMicrosoft took 16 years to make new highs and Cisco isn’t even close to its all-time high set in 1999. “Intel is basically right around where it was in 1999, and yet all three companies crushed it for the last 20 years, grew earnings double digit per year for 20 years,” he said. “If the stock prices didn’t move, that can only happen for one reason. 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He owns Procter & Gamble ,Kimberly-Clark and Pepsi,three names that haven’t made new highs yet continue to grow both top and bottom lines, he said.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":343658423,"gmtCreate":1617715604962,"gmtModify":1704702135220,"author":{"id":"3572410425439543","authorId":"3572410425439543","name":"GMJ","avatar":"https://static.tigerbbs.com/d01f478c3a55fff76ad0c296637f8ea1","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Interesting insights","listText":"Interesting insights","text":"Interesting 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AAPL","text":"Holding AAPL","html":"Holding AAPL"},{"id":3970883,"gmtCreate":1617714798228,"gmtModify":1680783062061,"authorId":3578437374431441,"author":{"id":3578437374431441,"authorId":3578437374431441,"name":"MNCoffee","avatar":"https://static.tigerbbs.com/1574b98e81022d53dfe703d67f405d4e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":343613902,"type":1,"supId":3970615,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"},{"id":3970838,"gmtCreate":1617714462005,"gmtModify":1680783059608,"authorId":3573592434925239,"author":{"id":3573592434925239,"authorId":3573592434925239,"name":"dtjj16","avatar":"https://static.tigerbbs.com/31031db86cbe360fe2192b1109400932","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":343613902,"type":1,"supId":3970615,"prevId":0,"content":"holding deez nuts","text":"holding deez nuts","html":"holding deez 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