
Monday’s craziness aside, these tech stocks are deep values any way you slice it
Monday’s market carnage was the best thing to happen to investors all year. At long last, quality tech stocks went on sale — however briefly — and maybe even bottomed out, making names like Apple (AAPL), Facebook (FB) and Netflix (NFLX) the most appealing they’ve been in months.
Goodness knows investors needed this sale. It’s been a disappointing year in general for stocks, as the U.S. equity benchmark S&P 500 was up only about 2% for the year-to-date before China’s Black Monday tore through global markets.
If investors have any hope of outperforming during such circumstances, they need to overweight some of the biggest names in the market — and the cheaper they can get in, the better. Since the Nasdaq sold off harder than the other major indices over the past few days, tech stocks are standing out as buys on the dip.
After all, to get better prices on great tech stocks, you have to strike on days when the market is panicking. Besides, whether the selloff continues for a few sessions or turns into a bear market, odds are greatly in your favor that the best tech stocks will be much higher in, say, three years than they are today……
That goes double for some of the biggest, most-promising and most popular tech stocks.
From the most valuable company on the planet to the biggest social network to a momentum darling, Monday’s action proved that AAPL, FB and NFLX are stocks to buy when the going gets tough.
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