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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (71464)10/29/2022 9:08:07 AM
From: JohnyP1 Recommendation

Recommended By
Lance Bredvold

   of 78740
 
I think big Tech is way overvalued still. Meta has the possibility to rally on any sign that the metaverse investment will be scaled back. Perhaps that happens in the next 2 quarters. For now I do not have a position.

For AMZN I would not touch it with a 10-foot pole. They guided for earnings between 0-4 $Billion in the 4th quarter, in other words they have no idea what, if any profit, they will have! And remember, this is a 1 Trillion market cap stock.

No, big tech has a lot further to fall IMO. They were the main beneficiaries of the low rates in the past 15 years, but the amount of malinvestments created because of that, has consequences that are currently playing out.
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