Buy the Dip in Tech Stocks - Wedbush

StreetInsider2021-09-21

Wedbush analyst Dan Ives reiterated his bullish stance on tech stocks and urged investors to take advantage of yesterday’s selloff to get on the long side. Ives sees China’s Evergrande as the latest "...

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Comments

Min_max
2021-09-22
Min_max
buy the dip guys! if u have spare cash
Alright
2021-09-21
Alright
Choose good stocks only! Not all stocks will rebound this time!
夜行星
2021-09-21
夜行星
Like pls
- Alright:
  DOne!
KeeBoonTong
2021-09-21
KeeBoonTong
Lalala
- KeeBoonTong:
  lalala
Fiona888
2021-09-21
Fiona888
Yes
- Fiona888:
  yes
ekwee75
2021-09-21
ekwee75
Like pls
- 杰森杰森OvO:
  ??

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Of course there was a clear massive pull forward in demand for cloud, e-commerce, cyber security, and facets of the technology ecosystem over the last 18 months during the pandemic with red flag risks out of China, HOWEVER we believe massive growth is still on the horizon with tech stocks and FAANG names underestimating this surge of demand for the next 2-3 years,” Ives said in a client note.\nNASDAQ Composite Index fell 2.19% yesterday after initially trading about 3% lower on the day. Yesterday’s low marks a 5-week low for the index that now trades roughly 5% off the all-time high. Ives has a 16000 year-end target for NASDAQ.\n“We believe relative to the outsized growth prospects ahead, this is not the time that we are throwing in the white towel on our tech bull thesis with some yelling fire in a crowded theater saying Evergrande is the start of a broader sell-off, but rather doubling down on this opportunity to own the secular winners in FAANG (Apple remains our favorite), cloud (MSFT, DOCU, MTTR, PEGA favorites), cyber security, and 5G looking ahead. Our favorite cyber security names in our coverage remain VRNS, ZS, TLS, SAIL, CYBR, TENB, PANW, and FTNT,” Ives added.\nGoing forward, the analyst expects the tech bull cycle to continue into 2022 as well as the 4th Industrial Revolution plays out. 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Not all stocks will rebound this time!","listText":"Choose good stocks only! Not all stocks will rebound this time!","text":"Choose good stocks only! Not all stocks will rebound this time!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869048829","repostId":2169351666,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":869085737,"gmtCreate":1632228958829,"gmtModify":1676530729105,"author":{"id":"3582285484477860","authorId":"3582285484477860","name":"夜行星","avatar":"https://static.tigerbbs.com/b30382b13e00165eba468359762783aa","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/869085737","repostId":2169351666,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5947079,"gmtCreate":1632231720960,"gmtModify":1663234213558,"authorId":4087278718158970,"author":{"id":4087278718158970,"authorId":4087278718158970,"name":"Alright","avatar":"https://static.tigerbbs.com/17b986a304be5031eab7c252ee5ea49f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":869085737,"type":1,"supId":0,"prevId":0,"content":"DOne!","text":"DOne!","html":"DOne!"}],"langContent":"EN"},{"id":869081759,"gmtCreate":1632228473871,"gmtModify":1676530729009,"author":{"id":"3578717603960999","authorId":"3578717603960999","name":"KeeBoonTong","avatar":"https://static.tigerbbs.com/815864515bc02d554ba00b04f5f46a1a","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1},"htmlText":"Lalala","listText":"Lalala","text":"Lalala","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/869081759","repostId":2169351666,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5946423,"gmtCreate":1632228489472,"gmtModify":1663234211052,"authorId":3578717603960999,"author":{"id":3578717603960999,"authorId":3578717603960999,"name":"KeeBoonTong","avatar":"https://static.tigerbbs.com/815864515bc02d554ba00b04f5f46a1a","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":869081759,"type":1,"supId":0,"prevId":0,"content":"lalala","text":"lalala","html":"lalala"}],"langContent":"EN"},{"id":869081883,"gmtCreate":1632228433442,"gmtModify":1676530728994,"author":{"id":"3581675432544786","authorId":"3581675432544786","name":"Fiona888","avatar":"https://static.tigerbbs.com/42688ec73bb74970876cdb05131f23f7","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/869081883","repostId":2169351666,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5946417,"gmtCreate":1632228442780,"gmtModify":1634790213084,"authorId":3581675432544786,"author":{"id":3581675432544786,"authorId":3581675432544786,"name":"Fiona888","avatar":"https://static.tigerbbs.com/42688ec73bb74970876cdb05131f23f7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":869081883,"type":1,"supId":0,"prevId":0,"content":"<u>yes</u>","text":"<u>yes</u>","html":"<u>yes</u>"}],"langContent":"EN"},{"id":869013196,"gmtCreate":1632227300915,"gmtModify":1676530728764,"author":{"id":"4089243155506890","authorId":"4089243155506890","name":"ekwee75","avatar":"https://static.tigerbbs.com/0153ac90bb3fdc15c51f6ceee1573987","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/869013196","repostId":2169351666,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5948449,"gmtCreate":1632236215494,"gmtModify":1663234223554,"authorId":4088596505254670,"author":{"id":4088596505254670,"authorId":4088596505254670,"name":"杰森杰森OvO","avatar":"https://static.tigerbbs.com/8dd96217e20c4a5496797a3224aba559","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":869013196,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":20,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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