Hello there - There are two narratives playing out among tech stocks. One view is that these companies have become “essential” businesses that are creating jobs and promoting innovation. Those who hold this view see big tech as having the products and services that we need today and will continue to need in the future. However, there’s another view that’s been taking root. This view believes that big tech companies are monopolistic behemoths that are stifling innovation, restricting the free flow of information, and swallowing up the competition. And it’s this view that’s been weighing down tech stocks as Congress has had “big tech” in its crosshairs. What started out as election-year posturing continued to gain steam and pushed some investors to rotate out of tech stocks. But big tech scored an important, albeit not final, victory in late June. At that time, a U.S. judge dismissed two separate complaints against Facebook saying the regulators had not proven their case that the company held a monopoly on social media. And while technology stocks will likely remain under the Congressional microscope, there’s no denying that investors are looking at the ruling as a signal to rotate back into tech stocks. But like any rally, it’s important to pick the right stocks. And that’s the focus of this presentation. Now it would be easy to start and end the list with the FAANG stocks. After all, those companies offer products that are changing our lives now and will continue to do so in the future. And furthermore, customers will continue to pay for their products. But the bulk of the stocks on this list are less expensive alternatives to at least one of the FAANG stocks. It doesn’t mean they’re superior companies, but a rising tide tends to lift all boats. And that means these companies have a large upside and you can purchase the stocks for a lot less. View the “7 Tech Stocks That Are Heating Up as Anti-Trust Talk Cools Down.”
Matthew Paulson
MarketBeat.com | 
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