How to invest in tech and leave Facebook behind

The

part of the acronym refers to the first letters of the tickers of Facebook , Amazon , Apple , Netflix and Google owner Alphabet. Mark Lehmann, CEO of Citizens Financial-owned investment bank JMP Securities, adds Microsoft and Tesla to the mix to come up with the mountain nickname. But he thinks it may be time for investors to climb down from MT.

and consider other companies in the tech sector."There's been an overwhelming love affair with some of these stocks irrespective of where they've traded," Lehmann said.Why March is so volatile for stocksThe tech sector is bigger than these seven giants, and Lehmann noted it doesn't make sense to lump this group together — after all, they're very different from one another.

sSo what are some of the tech stocks that investors should be considering instead? Lehmann said JMP analysts are bullish on Venmo owner PayPal , noting that younger consumers are increasingly shunning cash."PayPal has the best payment system," he said."My kids will Venmo their friends 90 cents. It's a part of their life. They are not going to the bank.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe to crackdown on Big Tech with landmark digital rules agreementThe European Union will clamp down on Big Tech companies such as Facebook and Google thanks to landmark digital rules agreement aimed at regulating online 'gatekeepers' that was agreed to late Thursday.
Source: dcexaminer - 🏆 6. / 94 Read more »

From Rapper To Tech CoFounder: Lil Durk Is Disrupting NFT Fashion With New Company NXTG3NZKnown for his raw lyricism, successful mixtapes under his label Only The Family, and now his '7220' NXTG3NZ NFT digital sneaker, Lil Durk has expanded his business portfolio and legacy with his new digital wearables company NXTG3NZ. NFT Send me your best nft picture 😊 GenerationalWealth forbes lildurk7220 Dirk need his own fashion channel - the man got stuff
Source: Forbes - 🏆 394. / 53 Read more »

Toronto becoming the quietly booming tech townAs the tech industry continues to expand and communities all over the world compete for tech jobs outside Silicon Valley, many executives, investors and entrepreneurs are promoting warm climes such…
Source: denverpost - 🏆 13. / 72 Read more »