Is It Time To Buy Some Tech Stocks? Which stock would you buy with large positions?
The Market of Stocks gave us a glimmer of hope today.⭐
All major indexes closed green. The $S&P 500(.SPX)$ recovered 2.14%, the $NASDAQ(.IXIC)$ climbed 2.92% and the $DJIA(.DJI)$ jumped 1.82%.
Especially the Nasdaq, entered in bear-mode yesterday, gave a surprise today. Look at the heat map, it is a green sea.
How bad is this current selloff (mostly technology stocks)?
Going back 20 years, this is the WORST quarter for a equally waited portfolio of The Nasdaq 100 and bonds:
This chart indicates that buying tech stocks when they get this bad, has been rewarding.
While these wild swings can be unnerving, especially for newer investors, history has conclusively shown that buying during these dips is a smart move for long-term investors. That's because every notable decline in the stock market is eventually erased by a bull market rally.
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Is It Time To Buy Some Tech Stocks? Which stock would you buy with large positions?
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从那以后$亚马逊(AMZN)$ 巨人宣布20换1的股票拆分，我一直虎视眈眈地想买它。对我来说，这是一个黄金机会，加入这股潮流，拥有一份电子商务之王！
亚马逊是一个非凡的企业集团，在许多馅饼上都有自己的手指。它是关于云计算，广告。视频流媒体、医疗保健和药物处方服务，甚至通过其在Rivian 20%的所有权获得电动汽车。
它还计划大规模回购100亿股股票。有了这么多的增长动力和广阔的护城河，我可以想象未来的指数增长。亚马逊的基本面是坚实的，有一个伟大的资产负债表和不断增长的利润！
亚马逊，我来了！🚀🚀🚀🌛🌛🌛💰💰💰
@MillionaireTiger 是时候买一些科技股了吗？
@TigerStars
$Microsoft(MSFT)$ : every company needs to use their products.
$Amazon.com(AMZN)$ : the in thing - cloud.enivornmental friendly, no pc
People can don't drive (eg. Tesla), can don't do shopping or gaming (eg. Sea) or can don't do social media (eg. Facebook).
But end of the day, they still need handphones.
It is time to buy some to hold for long.
For me, I'll be buying $Tesla Motors(TSLA)$ , $Sea Ltd(SE)$ and $HP Inc(HPQ)$ .
One of the top sectors fuelling price recovery of S&P500 has been positive performance of Tech, not surprising with its 29.17% weight in the index. However, not all Tech stocks recovered evenly. One way to determine which to buy is with Technicals. Shortlisting top 10 and reviewing daily charts, top 6, Broadcom $Broadcom(AVGO)$ has more optimal setup; price is well above 200MA, has consolidated and just breaking clear of both 20 and 50 MA. If rise continue, there’s potential 10-11% upside in near term (see screenshot)
AVGO record earnings and solid forecast in most recent quarter report also gave another data point to buy larger position in this compared to other top Tech stocks currently.
Heat map of S&P Technology showed another ‘field of green’ on 17 Mar 22. However, sector is still down around -13% year to date, so there is definitely buying opportunity. I would start looking at three largest market cap stock in sector (see pic below, largest rectangles) as they are more stable and well financed, $Apple(AAPL)$ $Microsoft(MSFT)$ $NVIDIA Corp(NVDA)$
All three in most recent quarter reported earnings that handsomely beaten expectations and gave strong forward guidance. Some looking to invest in new growth areas e.g. MSFT by acquiring $Activision Blizzard(ATVI)$
So I would slowly accumulate larger positions of these 3 ticker at lower price now, and be better positioned to gain from rising prices when Markets turn bullish again.
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