Apple Inc. just revised its revenue guidance and gross margin downward, pinning the blame on several factors, including reduced demand from Chinese consumers facing weakening economic conditions. Michael appeared on Cheddar recently to provide his take on Apple’s outlook in the near-term. While Michael views Apple as the best tech company in the world, with its own unified operating system, and a growing services arm, he also thinks the firm has been too reliant on hardware as of late.
Watch Michael explain what lies ahead for Apple, and how its recent troubles will impact the broader tech sector… Click here to watch.
Today, I want to give you a warning call for the year ahead.
No, I’ve not changed my opinion that the road to wealth is paved with tech.
Far from it.
When we spoke on Jan. 1, I struck an optimistic tone about our ability to make money on tech stocks in the New Year. And I reiterated that sentiment in my follow-up conversation with Money Map Executive Editor Bill Patalon on Jan. 4.
However, I do have one concern. With the sector in bear market territory of late, I expect to see Wall Street tout a number of stocks as great “turnaround” plays.
Here’s the thing. While that may be true in some cases, there are several stocks out there that I believe could be toxic to your portfolio.
In a choppy, news-driven market like we have right now, this is no time to take a flier with your hard-earned cash.
With that in mind, I want to reveal the four tech laggards I think you need to avoid in 2019…
Check ’em out…
It’s not every day I get to sit down with my good friend William Patalon III to chat about my passion: tech stocks.
So I jumped at the chance to talk with the Executive Editor of Money Morning to lay out my thesis for why tech stocks are headed for a huge rebound.
Now, you may be thinking the opposite if you’ve been tuning into the talking heads on cable, who’ve been talking like the sky is falling.
Sure, tech stocks took a tough turn toward the end of the 2018.
As measured by the iShares Expanded Tech Sector ETF (NYSE Arca:IGM), tech stocks ended the year down just under 1%. (Though they still beat the heck out the S&P 500, which was down 7.6% for 2018.)
But as I mentioned on New Year’s Day here, it’s far too premature to worry about the massive disconnect between fright-inducing headlines and rock-solid economic fundamentals. Those fundamentals are particularly bullish for high-margin tech leaders seeing solid earnings in the third quarter.
In this wide-ranging interview, I spell out exactly what’s been impacting tech stocks lately – despite those fundamentals.
Plus, I reveal my top investment strategy for 2019.
Check it out…
I’ve been hearing a lot of TV talking heads use the dreaded “R” word.
And it drives me nuts!
I’m talking recession here, if it wasn’t obvious.
After all, the average period between recessions is 6.5 years, and we’ll mark the 10th anniversary of the end of the last recession in June 2019.
But these “experts” are glossing over some important economic data that show we’re not likely to dip into a recession in 2019.
In fact, I’m optimistic about your ability to make money on tech stocks in the New Year. And I’ve identified four major catalysts that will lead to a major tech rebound.
I’m calling these catalysts “Fort Silicon Valley,” for their ability to stave off the doldrums, keep the economy growing, and make you money.
A lot of money.
Check them out…