Historic tech sell-off is a 'generational buying opportunity' for the 'right' stocks, says analyst Dan Ives

The tech-sell off is not the second dot-com bubble — it's a "buying opportunity" for the right stocks, according to Wedbush Securities' Dan Ives. "We view this historic sell-off as more of a generational buying opportunity for the right tech names/ winners in 2023 and 2024 rather than a time to throw in the towel on the tech sector with a piling on effect we are seeing take place on the Street today," Ives wrote in a note on Friday.

The analyst believes valuations for high quality growth stocks are "very compelling" for investors with a time horizon out 2 to 3 years or longer — especially as venture capital firms, private equity and family offices are poised to commit more than $1 trillion to the technology sector. Companies in macro-cloud computing, cybersecurity, electric vehicles and 5G smartphones would benefit from the next iteration of a tech growth cycle, Ives said.

Bitcoin is not a stock. But it’s the right investment.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Crypto-associated stocks hammered as COIN and HOOD drop to record lowsThe stock price of listed BTC mining companies and other businesses with exposure to cryptocurrency are dropping to yearly lows as the crypto market continues to sell-off.
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »

Goldman names the Chinese tech stocks it says will weather the supply chain crisisMainland China has been battling its worst Covid outbreak since the initial phase of the pandemic in 2020. Goldman Sachs says these are the tech stocks to buy. Yeah like didi and ant and the hundred others about to go offline. They will weather the crisis with your money, just not you 🙈
La source: CNBC - 🏆 12. / 72 Lire la suite »

Crypto market is crashing. Bitcoin falls below $27,000Bitcoin and other cryptocurrencies continue their slump into this week. Fears of more volatility continue as millions are wiped off in a day. when you buy thin air at gold price.....
La source: IntEngineering - 🏆 287. / 63 Lire la suite »