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Tech Stocks for a Post Coronavirus World – An Excerpt from Paul Meeks

There is not a single day that goes by that you won’t hear the news that involves the coronavirus. The economic, finance and tech worlds are no different. Lately, you can find information on how to navigate a post coronavirus world. There is news on how to work with your 401k, such as radio interviews, to frequent market updates from financial professionals.

Recently, Barron’s released an article in regards to tech stocks or a post coronavirus world. Chartered Financial Analyst, Paul Meeks was featured in Barron’s recent article. Below is Meeks’ excerpt taken straight from the article. Read what he has to say.

Meeks wears multiple hats, as a portfolio manager for Independent Solutions Wealth Management, an asset management firm in Williamsville, N.Y., and a manager of The Wireless Fund, a small tech mutual fund. Meeks say that he has been using the recent rally to raise cash, while dabbling in marquee names and “banking proceeds for a better day.”

Meeks says that he’s waiting until “earnings estimates are slashed to the bone” before making substantial new commitments. “I need to see them all confess all their sins, and to take down numbers dramatically.”

In the meantime, Meeks has been nibbling on megacaps, specifically Amazon and Alibaba Group Holding (BABA), both of which he thinks will benefit from the expanded role that e-commerce will play in the post- coronavirus world. Eventually, he says, when earnings estimates reset, he wants to own his “dream team of semiconductor stocks,” including Advanced Micro Devices (AMD), Lam Research (LRCX), Taiwan Semiconductor Manufacturing (TSM), Micron Technology (MU), and Applied Materials (AMAT), where he expects to go from basically zero to a big overweight.

Meanwhile, Meeks is bullish on Virtu Financial (VIRT), a New York–based tech-driven financial trading platform. Meeks sees the company as a play on volatility. He notes that Virtu trades for about 10 times earnings and pays a “fairly certain” dividend, currently yielding 4.3%. “When stocks go up endlessly again, and investors are complacent, they become an average company again,” he says. But, for now, Virtu will benefit as long as we continue to see “whipsaw moves in both directions.”

If your looking for the full article that Barron’s published, then check out 25 Tech Stocks for a Post Coronavirus World by Barron’s.

If your worried about your portfolio or if you want to take advantage of some great opportunities, then give us a call at 716-568-8566 or find an advisor near you by filling out the form.


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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