Why Big Tech Stocks Are "Unwinding" in 2016

Blue-chip tech stocks were some of the biggest growth catalysts for the bull market we exited in January. That was the longest bull market since World War II, which lasted six years. Now we've entered a bear market. And it's sent the Nasdaq down 17% from its July highs. Apple Inc. (Nasdaq: AAPL) and Amazon.com Inc. (Nasdaq: AMZN) are already down 11% and 26% this year, respectively. Money Morning Chief Investment Strategist Keith Fitz-Gerald wasn't surprised by the losses of the major tech bellwethers this year. Fitz-Gerald made his usual appearance on CNBC Monday to discuss why big tech stocks are forfeiting their gains and how investors should play them long term. Tags: Bear Market , Bull Market , FANG , Tech Sector , tech stock investing , tech stocks , tech stocks 2016 To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why Big Tech Stocks Are "Unwinding" in 2016 appeared first on Money Morning - We Make Investing Profitable .
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