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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Ever since$Amazon.com(AMZN)$ announced a giant 20 for 1 stock split, I have been eyeing to buy it. For me it is a golden opportunity to jump in on the bandwagon to own a share of the King of ECommerce!
Amazon is a phenomenal conglomerate with its fingers in many pies. It is on cloud computing, advertising. video streaming, health care and drugs prescription services and even EV through its 20% ownership in Rivian.
It is also planning a massive 10 Billion share buy back too. With so many growth drivers and a wide moat, I can envision a future of exponential growth ahead. Amazon's fundamentals are solid with a great balance sheet and growing profits!
Amazon, here I come!🚀🚀🚀🌛🌛🌛💰💰💰
@MillionaireTiger Is it time to buy Some Tech stocks?
@TigerStars
$微软(MSFT)$：每个公司都需要使用他们的产品。
$亚马逊(AMZN)$：里面的东西-云。友好的，没有电脑
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.
S&；P Technology的热图显示了另一个“绿色领域”。然而，该板块今年迄今仍下跌约13%，因此绝对存在买入机会。我将开始关注行业中市值最大的三只股票（见下图，最大的矩形），因为它们更稳定，资金更充足，$苹果(AAPL)$ $微软(MSFT)$ $英伟达(NVDA)$
这三家公司在最近一个季度公布的收益都大大超出了预期，并提供了强有力的前瞻性指导。一些人希望通过收购来投资新的增长领域，如MSFT$动视暴雪(ATVI)$
因此，我现在会慢慢地在较低的价格上积累这3种股票的较大头寸，当市场再次看涨时，我会更好地从上涨的价格中获利。
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