Dump these 5 tech stocks in 5 high-profile sectors

With four months and one very important earnings season behind us, the bulls in the U.S. stock market continues to run rampant — and the tech sector is at the head of the herd.

But when it comes to where you put your money, there are some tech stocks that should simply be avoided at all costs right now. Here are five of them, in five high-profile subsectors of tech. Investors cannot confuse the promise of broad food-delivery trends with an investment case for Grubhub stock. Even after “good” earnings it has yet to revisit the $70 mark where it traded as recently as March, so there’s little reason to hang on and hope it will get better from here.

Some investors are cheered by new CEO Bob Swan as he makes “hard choices,” but lowering expectations and exiting struggling businesses is not a long-term plan. The bottom line is that Activision needs to reverse the decline in its legacy products and continue to innovate. But sadly, fewer staffers on key franchises and lingering brand tarnish around February’s layoffs seem likely to prevent that.

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.

SEC: 'Primary strategist' in $27 million 'lucrative market manipulation' case plans to settleFlorida businessman Barry Honig plans to settle charges in what the SEC called 'classic pump-and-dump schemes,' according to a motion filed Friday.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Major pullback could strike tech stocks, and it won't spare Apple, investor Paul Meeks warnsPaul Meeks, who ran the world's biggest tech fund for Merrill Lynch during the dot-com boom and subsequent collapse, believes tech valuations are stretched. TradingNation StephLandsman
La source: CNBC - 🏆 12. / 72 Lire la suite »