A Buying Opportunity for Tech Stocks?

The average technology stock trades 15% below analysts' fair value estimate for the shares compared with a 3% premium at the end of September

Brian Colello, CPA 03.01.2019 | 10:23

Technology Has Pulled Back and Looks Attractive Again

Technology names took a beating in the fourth quarter, with the Morningstar Global Technology Index down 18% through December 20 as concerns about a US-China trade war have put pressure on tech stocks.

We believe that tariffs have led to worries about both the health of the Chinese consumer and potential disruptions to a highly interwoven tech supply chain that would be quite difficult for the US and China to unwind. In general, tech looks a lot cheaper than it did a few months ago.

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Verdipapirer nevnt i artikkel

Navn på verdipapirPrisEndring (%)Morningstar Rating
Alphabet Inc A1 432,65 USD-0,06
Apple Inc320,72 USD0,87
Facebook Inc A228,75 USD1,63
KLA Corp176,50 USD0,31
Microchip Technology Inc95,48 USD-0,57
Tencent Holdings Ltd429,00 HKD4,53

Om forfatteren

Brian Colello, CPA  er senior aksjeanalytiker hos Morningstar.

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