This tech company about to report earnings still has 'ample upside,' longtime investor says

"I'm one of the few tech investors ... that have been around when those companies were great and they've been such dogs and some of them have very attractive dividend yields," Meeks said.

"The temptation is to get back in," he said. "But the problem is when you do that, you get into a company that is a yesteryear company that is not in sync with global technology trends and it usually just ends up being a value trap. So, today, a lot of folks have been asking me, 'Hey, let's get into Intel, down 11%,' and I say no way.

Disclosure: Meeks's Wireless Fund owns shares of Microsoft, Apple, Amazon, Facebook, Alphabet, Akamai Technologies, Activision Blizzard and Adobe. Meeks personally owns shares of Adobe, Activision Blizzard, Facebook and Amazon.

I trade in binary options and all instruments in the market. Your capital is safe with us.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Alternative energy stocks are on a tear and there's more upside ahead, says JPMorganNew for subscribers: Alternative energy stocks are on a tear and there's more upside ahead, says JPMorgan Check out CNBCPro today. Pro I buy that and Biden wants to sell another two trillion dollar plan to push for clean energy by mid 2030s Pro Why can’t the solar farms share space already sprawling, like parking lots and rooftops? Why take wild land? Jfc Pro Is JPMorgan shorting those stocks? Just asking
Källa: CNBC - 🏆 12. / 72 Läs mer »