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Behind the Trade: Technology’s True Potential
From the Baltimore Clubhouse – The stock market of today stands in stark contrast to the one just a year ago.
Around this time last year, stocks were struggling to recover from their first correction of 2018. Then, after rebounding and hitting new all-time highs, stocks suffered another – more punishing – correction at the end of the year.
Today, stocks are showing remarkable strength.
The Dow Jones Industrial Average recently enjoyed a nine-week winning streak. And the Nasdaq Composite Index accomplished a stunning 10-week streak.
Now all three major indexes are on track to surpass their previous all-time highs in the coming weeks.
What’s fueling the market’s explosive growth?
One source is the momentum in the information technology sector, which is currently the top-performing market sector – up 18% year to date.
It’s also outpacing the broad performance of the S&P 500 by more than 40% so far this year.
It should come as no surprise. This sector is home to many of the biggest and most heavily weighted companies by market cap – including all of the megacap FAANG stocks (Facebook, Apple, Amazon, Netflix and Google parent company Alphabet).
It’s also home to countless other fast-growing tech companies that are actively transforming – and occasionally disrupting – our global economy.
That’s something Emerging Trends Strategist Matthew Carr understands well. He is no stranger to the incredible potential that technology stocks possess.
In fact, five out of the seven triple-digit gains that Matthew closed out this year came from technology plays.
And in the past couple weeks, he closed his biggest gains of the year (so far).
Both tech plays delivered phenomenal market-beating returns – handing readers chances to quadruple and quintuple their money – over the span of just three months.
Today, Matthew discusses the reasoning and success behind these trades.
Be sure to watch it.
Good investing,
Anthony