Fund manager Trent Masters says some Big Tech stocks might be worth avoiding for now.
Investors have been getting back into tech stocks, with the tech-heavy Nasdaq leading all three major Wall Street indexes since the start of the year, rising over 6%. But fund manager Trent Masters of Alphinity Investment Management isn't convinced — and told CNBC Pro Talks last week which two Big Tech stocks might be worth avoiding for now. Masters manages the Alphinity Global Equity Fund, which outperformed the MSCI World Index last year.
Meta is down 57% over the past year. Apple Masters said the latest iPhone release was "fairly tepid" as "there wasn't really much in terms of product iteration." On top of that, the company is facing an environment with "fairly pinch" consumers who are less willing to spend. "So if I'm looking more at the shorter term, I just think some of those earnings expectations for Apple need to revise over the next year or two," he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Big Tech, Democrats work to stifle opinion, destroy competitionCompetition in the marketplace of ideas is based on quality, on evaluation, on free and unfettered exchange with whatever communication methods are available. Recently, however, as Big Tech companies consolidate power and influence our leaders, America is now a place where too often opinions are stifled or labeled “dangerous.” Public and private figures are silenced and even banned from digital platforms.
Read more »
Bill Gates reveals the next big thing in tech, and it's not metaverseVR and Metaverse are revolutionary in their own ways but may not have enough firepower to bring about a paradigm shift in the tech industry.
Read more »
Weighing Big Tech’s Promise to Black AmericaLast year, Netflix made a pledge that represents the tech industry’s best shot at redressing the nation’s racial inequality. How seriously should we take it?
Read more »
Battling Big Tech’s advertising monopolyThe following is adapted from Rep. Ken Buck’s new book Crushed: Big Tech’s War on Free Speech.
Read more »
The Republican plan to take down Big TechIf you want to know where the Republican Party is headed on antitrust, you should read Rep. Ken Buck’s (R-CO) new book Crushed: Big Tech’s War on Free Speech.
Read more »
Rep. Ken Buck pushes Big Tech crackdown as GOP faces decision about antitrust agendaColorado Rep. Ken Buck is pushing Congress to pass legislation that will curb Big Tech companies’ power but is unsure whether he will remain the top Republican in charge of the House’s influential panel for antitrust policy.
Read more »