CIO of Sloy, Dahl & Holst Discusses the Future of Tech in 2018

It’s been quite the year for technology. NASDAQ outperforming, FANG stocks getting all the attention! So what can investors expect in 2018? Will it be the same big-name tech stocks that outperform in 2018? Or will leadership rotate?

According to Paul Meeks, CIO of Sloy, Dahl & Holst and technology investor guru, technology will again outperform the S&P 500 in 2018. Investors can expect the market to have a more subdue return than 2017. However, the FANGs and some other key stocks should again outperform some of those broader tech sectors. 

One off-radar name that Meeks sees potential in 2018 is Altaba. Altaba has investments in two pretty important companies...including Yahoo Japan. So investing in Altaba is first and foremost a derivative play.

So what about Bitcoin? This has been a big topic lately and Meeks takes the stance that it is not a wise investment right now. In fact, he believes it’s a bubble that’s set to burst at any moment. Even so, Meeks does agree that e-currency is the future. In the short-term though, Bitcoin plays look pretty scary and Meeks says to stay away.

Click to watch the full interview!