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Buy Tech or Brace For 'Epic' Downturn? 2 Pros Share Their Strategies to Play the Market
Investors have multiple options at their disposal to navigate through market volatility. CNBC covered two opposing views on what investors should do next: buy the dip in tech or brace for an “epic” downturn.
Technology stocks have been among the hardest-hit in recent trading volatility, but much of the damage over the past few weeks has been reversed, Newton Advisors President Mark Newton said during a recent CNBC “Trading Nation” segment.
The reality of a “tech-dominated society” may be overlooked by investors, and Apple Inc. (NASDAQ: AAPL) — the heavyweight of the group — should remain an industry leader for at least the next two years, he said.
Apple’s stock, at just 15 times next year’s earnings coupled with a 1.5 percent dividend yield, represents an opportunity that can’t be found elsewhere, Newton …
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