Top tech investor Paul Meeks says he'll likely buy the dip in stocks, as he doesn't expect a significant and long-lasting downturn, he told CNBC. Wall Street had a losing week last week. The tech-heavy Nasdaq Composite and S & P 500 slid about 2.9% and 2.3%, respectively, marking their worst weeks since March. The Dow finished the week about 1.1% lower.
Meeks added that he would also consider one small-cap tech stock that's "too cheap:" Harmonic , a video-streaming tech company. Apple and Amazon Meeks shared his thoughts on tech titans Apple and Amazon , which reported earnings last week. He's not bullish on Apple, saying that "there's really no growth story here." "It'll be important that the company convinces investors that growth will reaccelerate.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
'Black Swan' investor warns of epic debt bubble, major risks to stocksA 'Black Swan' investor warns of an epic debt bubble - and says stocks are overvalued and set to plunge
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »