Investor warns it's 'looking a lot like the tech bubble' and names 3 cheap stocks to buy outside it

The S & P 500 is "supported" by just seven mega-cap tech stocks right now — and it's starting to look a lot like the 1990s tech bubble, one analyst told CNBC on Wednesday. "The S & P 500 [is being] supported by a few expensive mega cap techs," said Eric Lynch, managing director of Scharf Investments.

Two of them are Asian stocks: Chinese search engine giant Baidu and Japanese conglomerate Sony . He said Baidu is "so darn cheap" and will benefit from China's reopening and the artificial intelligence trend.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

S&P 500 Futures snap two-day winning streak as US Treasury bond yields portray market fearsS&P 500 Futures snap two-day winning streak as US Treasury bond yields portray market fears – by anilpanchal7 SP500 Futures YieldCurve Fed Recession
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »

Argentina vows to battle black market peso slide towards 500 per dollarArgentina's Economy Minister Sergio Massa pledged on Tuesday to unleash 'all tools' to counter a dangerous slide in the peso currency, which has plumbed near 500 pesos per dollar in popular black markets amid wider economic fears.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »