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.