WESTPORT, CT – March 15, 2018 – While the short-term trend for the broader stock market remains on a downward slope, HMG Strategy Founder & CEO Hunter Muller remains bullish on the long-term view for technology stocks.
“I agree with some of the experts that tech stocks might take a huge dive in the next couple of weeks,” said Muller in his latest blog post, Hunter Muller Predicts: Tech Stocks May Dive in the Short Term, But They’re Still Great Investments in the Long Term. “I am not worried. A dip of 10 percent is a great buying opportunity. Does anyone seriously think the tech industry is going away? No way. Soon, it will be time to hunt for bargains and snap ‘em up.”
Which tech stocks should investors buy? Muller recommends high-value brands, such as Amazon, Google, Facebook, Netflix, Nvidia, Salesforce, Workday and ServiceNow. “I’m calling those stocks my HMG Favorite Eight,” says Muller.
Why is Muller so bullish on the tech sector? “Because the fundamentals are so phenomenal,” argues Muller. “We’re living in a tech-fueled economy, no question about it. The tech economy is a fact, not a fad. It’s like the automobile economy of the 1950s, only better. With tech, the margins are higher and the impact on the environment is lower.”
Moreover, the benefits and opportunities with tech stocks are spread more evenly across the world.
“Even if the tech sector drops 20 percent, I’ll still be investing,” says Muller. “Frankly, volatility is now part of the deal. Volatility is the new normal, and we just have to get used to it.
This is the best time to be in tech. Whether you’re employed in tech or investing in tech, you have to feel that special thrill of knowing that you’re in a big-league game. Tech is driving the global economy, and we are driving tech. What could be better?”
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