Three Dow stocks could lead the next leg of the rally, traders say

Intel was the worst-performing Dow stock on Monday, falling 3%, as the entire tech sector came under pressure. Cisco also fell.

"Intel, which we feel has been really beat up and really not rightfully justified, is a great value opportunity for us, we feel, trading round 12 times forward [earnings], very, very healthy balance sheet and paying us almost 2.5% to wait," he told CNBC's " " on Monday. "We think that they're going to benefit as investors and traders look back towards technology stocks.""The same goes with Cisco. Cisco is trading very cheap on a forward basis and has a better balance sheet than Intel and pays us almost 3% to wait," said Tatro. "Just like we didn't chase them off when everybody was chasing them in February and March, we're buyers of the dip here in some of the technology and growth names.

TradingNation Hedge Funds are selling in preparation to StockMarket crash!

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Dow falls over 300 points early Tuesday as tech stocks get slammed amid renewed inflation fearsU.S. stock benchmarks opened solidly lower Tuesday, with inflation worries seen keeping pressure on previously highflying tech stocks. The Dow Jones... In light of the speculative euphoria investors have enjoyed since the start of the year, a selloff isn't a surprising event. lawsuits are a joke shorts are over-leveraged if we move the spread they blow up who wants poultry let's devour these vultures $SQBG target 🎯500
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »