These tech stocks can shield your portfolio if a recession hits, trader says

"I kind of wrote this one off. I dumped it from my portfolio," he said of Intel, shares of which are down more than 1% year to date. "But we really seem to be holding the $46 mark here in Intel. So, 44 to 46 is support. Risk is very clearly defined. I think if the overall market would stabilize ... I might put [Intel] back in my portfolio.""Again, risk is very clearly defined here," he said. "It's been a very range-bound stock. But ...

Quint Tatro, managing director of advisory firm Joule Financial, wasn't sold on the idea of an imminent recession. "We're not in the recession camp, so we are actually looking at opportunities that are trading lower because many people are in that camp," he said in the same "Trading Nation" interview Thursday.

TradingNation you think you are safe?

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Three stocks to buy with the Fed split on rates, traders sayAs the Fed's path becomes murkier, two traders have some ideas on where to put money to work. Who is sponsoring Steve Leishmans Jackson Hole wardrobe?
Source: CNBC - 🏆 12. / 72 Read more »

Two housing stocks could be building toward a breakout, traders sayHome construction stocks have been hitting the nail on the head over the past month, and two of them could be on their way to a bigger breakout. TradingNation DRHorton has climbed over 45% this year and equilarinc notes that CEO David V. Auld was awarded $14,738,672 in 2018, indicative of a 43% increase in pay from his 2017 salary. $DHI execpay corpgov
Source: CNBC - 🏆 12. / 72 Read more »