Paul Meeks shares his insight on the 2021 market predictions, the IPO landscape, and more.
Yesterday (December 22), I appeared on CNBC’s “Trading Nation” with anchor Seema Mody. I recommended Micron (MU, $70.44) even though that was my pick when I was on the show
I’m a tech investor. Most of my sector has crushed it during the pandemic as the world rushes to digitize. Tech’s the beast. Game over. After the “revenge of the nerds” rotation back into cyclical and value names peters out next year, I bet that tech will continue to outperform.
The greatest threat to tech stocks today was the suits filed by the Federal Trade Commission (FTC), state attorneys general that seeks to force Facebook (FB) to unwind its acquisitions of WhatsApp (purchased for $19B in 2014), and Instagram (bought for $1B in 2012, which may be the greatest tech deal ever).
We know why salesforce.com (CRM, $225) wants to buy Slack (WORK, $43). The customer relationship management software titan just posted quarterly bookings growth of only +10% YTY and it promises a 20% revenue CAGR.
Eric Savitz of Barron’s, who I think is the best technology journalist, interviewed me for an article that he published on Micron Technology (MU, $61.48) that was in the magazine last weekend.
Yesterday, I appeared on “Bloomberg Technology” with anchor Emily Chang. I tried to stop panicked tech investors from abandoning the sector.
Certified Financial Analyst Paul Meeks is on CNBC’s Trading Nation with Eric Chemi to talk about big earnings reports.
I’ve been clear that this tech investor hasn’t and won’t invest aggressively until we’ve greater geopolitical certainty. With only 19 days until a perhaps contested U.S. presidential election
With less than a month to the election, I’m not worried about it, or at least not directly. I’m focused on the Congressional logjam that has prevented passage of CARES Act II, or whatever it’s to be called.