Tech Stocks to Watch with Numbers and Graphs Market Data
Paul Meeks

Paul Meeks

Financial Analyst Paul Meeks Watches These 7 Tech Stocks

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Just Sayin’

I’ve been clear that this tech investor hasn’t and won’t invest aggressively until we have greater geopolitical certainty. With only 19 days until a perhaps contested U.S. presidential election, it’s not the time to be bold, particularly when too few tech stocks are reasonably priced. I’m more interested in and worried about resolving the spat between the Democrats and Republicans over approving the follow-on fiscal stimulus to the CARES Act. When that deal is done, that may be my green light to buy my favorite tech names. In the meantime, I’m searching for ideas. Specifically, I’m looking for the shares of tech companies that I admire that have at least +10% upside to my target price and are trading at 5% or more above the stock’s 50-week moving average price. The latter is my stab at technical analysis, of which I’m no expert. Of the hundreds of stocks on my Watch List (this is a thing), these made the cut:

  • Marvel Technology (MRVL
  • Unity Software (U)
  • Micron Technology (MU)
  • NXP Semiconductors (NXPI)
  • FireEye (FEYE)
  • Ambarella (AMBA)
  • Smartsheet (SMAR)
  • ZoomInfo Technologies (ZI) – this isn’t Zoom Video (ZM)

I’m not making a recommendation to buy any of these. I’m “just sayin’” that I’m intrigued with this group within my universe of tech stocks that are too expensive or that are technically damaged after the correction that began around Labor Day.

Check out my other blog; Paul Meeks Weighs In On The Delay of The Next Stimulus Bill and The Current Market as well as our recent feature in the Don’t go all in on tech unless it falls into bear market territory, investor Paul Meeks says for additional details.

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Investment Advisory Services offered through Independent Solutions Wealth Management, LLC, an SEC Registered Investment Adviser.
All opinions expressed Paul Meeks are solely Meeks’ opinions and do not reflect the opinions of Independent Solutions Wealth Management, LLC (“ISWM”). You should not treat any opinion expressed by Meeks as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion for educational purposes only and does not constitute investment, legal or tax advice, an offer to buy or sell any security or insurance product; or an endorsement of any third party or such third party’s views. Meeks opinions are based upon information he considers reliable, but neither ISWM nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Meeks, ISWM, its affiliates and/or subsidiaries are not under any obligation to update or correct any information provided on this website. Meeks statements and opinions are subject to change without notice. No part of Meeks compensation from ISWM is related to the specific opinions he expresses. Past performance is not indicative of future results. Neither Meeks nor ISWM guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from an investment adviser.

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