A technical green light suggests Big Tech could retake market leadership, trader says (via TradingNation)
, president of Strategic Wealth Partners, is still bullish on tech, though says a pullback does make sense.
"We've been overweight tech for a while [but] a lot of these high-flying tech stocks have needed a breather. I mean, the thing is up 8% year to date, up over 30% off its low," Tepper said during the same segment. "You've got China tensions which are flaring up, so mean reversion is normal and healthy. But I think people need to keep this breather in perspective.
Tepper said he is using pullbacks to add to positions. In particular, he likes stocks in cloud computing, virtual desktop software and work-from-home technology.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill Ackman: Coronavirus 'hugely beneficial' for Amazon, big tech - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Dental practices consider using UV light tech to safely reopenAs more businesses reopen amid the coronavirus pandemic, dental practices are considering enhanced measures to clean their facilities and equipment, as well as protect their patients and staff.
Read more »
Must Read: Gucci Says Goodbye to Fashion Week, The Tech Behind Social-Distance ShoppingPlus, will LVMH and Kering continue to dominate the luxury sector post-pandemic?
Read more »
S&P 500 Turns Negative As Tech Shares SlideThe stock market continued to rally today as optimism about a successful reopening of the economy and a potential coronavirus vaccine continues to build on Wall Street by skleb1234
Read more »
Tech selloff weighs on S&P 500, NasdaqA selloff in technology stocks dragged on the S&P 500 and Nasdaq on Wednesday, with investors also cautious about brewing U.S.-China tensions at a time when policymakers are attempting to revive the global economy from a coronavirus-driven slump.
Read more »