Why investors may want to hit the buy button the next time tech stocks sell off (via TradingNation)
, which include tech, typically underperform in a rising rate environment because it puts pressure on profits.is off more than 5% from its all-time high, hit on Sept. 7. It fell 74.48 points on Friday to close at 14,579.54. But the index eked out a positive weekly performance by gaining 0.09%.
Hooper acknowledges the near-term backdrop favors cyclicals over tech. However, she believes it's temporary and expects areas from software to cybersecurity to see significant benefits. "There's also going to be more spending by individuals. There's elevated household net worth," she noted. To take advantage of the bullish trend and lock in robust profits, Hooper recommends having a 3 to 5 year time horizon.
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