Forget Big Tech — stocks like these have the biggest upside potential in a volatile market, investor says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

American Electric Power Company Inc News

Gilead Sciences Inc,General Mills Inc,Business News

Investors may soon face a major correction in tech after last week's market volatility, says The Bahnsen Group's founder, who shares where to invest instead.

Investors may soon face a major correction in tech after last week's market volatility, according to David Bahnsen, founder of The Bahnsen Group. "A big tech stock reckoning and correction is inevitable," the chief investment officer told CNBC's " Street Signs Asia " on Tuesday. Calling the euphoria around Big Tech stocks this year "absurd," he said that such excessive investor sentiment and "overdone" momentum "always ends the same.

"There are always other spots of the market that might be doing very well but it's what we believe in as an area where you can protect yourself from the downside by having higher quality," said Bahnsen. "Avoid some of the value traps, avoid some of the speculation and euphoria that can get ahead of itself and focus on cash flow, and the free cash flow that gets returned to shareholders via growing dividends.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

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.

Stock market today: World stocks fall as investors are underwhelmed by Big Tech earningsWorld stocks are lower as the earnings reporting season ramps up for big companies.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: World stocks fall as investors are underwhelmed by Big Tech earningsWorld stocks are lower as the earnings reporting season ramps up for big companies.
Source: wjxt4 - 🏆 246. / 63 Read more »

Investors Rotate Out of Big Tech Right Before Earnings - Sign of What's to Come?Stocks Analysis by Christine Short covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, Walt Disney Company. Read Christine Short's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »