3 Tech Stocks to Sell Now Before the Next Market Downturn Hits

After leading the market higher coming out of the 2022 bear market, technology stocks have hit a rough patch. Sentiment towards the mega-cap tech companies has also shifted, as it now looks like interest rates will remain higher for longer. At the same time, geopolitical instability and spiking bond yields have zapped investors’ risk appetite. Throw in hit-and-miss earnings reports and shifting consumer habits, and you have the makings of a downturn. In the last month, the tech-laden Nasdaq Composite Index has fallen 5%, with much of that decline coming since April 11. Some tech stocks have been hit worse than others, as signs emerge that their business may be slowing or the outlook for the remainder of the year has changed. Wall Street appears to be bracing for more downside ahead, with some analysts calling for a full-blown 10% market correction . In this rapidly evolving environment, investors should reposition their portfolio and batten down the hatches. Here are three tech stocks to sell now before the next market downturn hits....

InvestorPlace - 4/25/2024 8:00:00 AM More News for DIS
Stock Analysis for DIS
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