Tech stocks are outperforming in the new year, but some of the names leading the market right now pose some of the biggest risks for investors, according to Ritholtz Wealth Management CEO Josh Brown. "The actual leadership is profitless Nasdaq junk, right, and that I think is where your biggest risk still is, despite the big move," he told CNBC's "Halftime Report" on Tuesday, calling many of the current market leaders "garbage" stocks.
"You've got all sorts of algorithmic programs out there operating …. They're just making trades based on something that was working up until last week, stopped working ... and now they go the other way." Given this backdrop, many areas of technology appear vulnerable including some areas of biotech and communications services, but not all industries are created equal, said Shannon Saccocia, chief investment officer at SVB Private.
He who misses out on small cap stocks always calls them junk
Boycott Tesla
He recommended profit less $TOST on air to viewers in the past couple weeks - you know we pay to this nonsense, right?
WOW guys dshdhada dasdsa
$CVNA and $ROOT are garbage
Not the aholes naked shorting them Think again
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