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Diversify your Big Tech holdings into these other stocks with similar traits, recommends Barclays

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Stock Markets,Chipotle Mexican Grill Inc,Oracle Corp

While Big Tech valuations look reasonable to Barclays, the firm said they're 'not the only game in town' and suggested investors diversify their portfolios.

In an effort to navigate a market that remains highly concentrated under Big Tech's dominance, but also ripe for stock pickers, Barclays has dozens of stocks that share similar characteristics to the tech heavyweights. Equities slumped in April following five straight months of gains. The S & P 500 shed 4.2% for the month, its worst monthly performance since September.

4% this quarter, fueled by the company's big earnings beat , better-than-expected revenue and same-store sales growth from the first quarter as traffic to its restaurants increased during the period. Enthused by the quarterly print, which was released on April 24, UBS analyst Dennis Geiger boosted his price target by $100 to $3,500.

 

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