6 ‘Smart Money’ Tech Stocks to Buy

0
177

Hedge funds are where millionaires and even billionaires funnel their money to find ways to outperform the market. They don’t always live up to the hype, and they’re constantly derided as too expensive. But they command more than $3 trillion in assets, possess a great deal of institutional brainpower and sometimes do produce the returns they promise. So it’s smart to keep watch over the so-called “smart money” when evaluating stocks to buy.

And right now, they love tech stocks.

WalletHub keeps tabs on hedge funds’ quarterly buying and selling actions. They comb through regulatory positions of more than 400 hedge funds, tally their positions in individual stocks, then rank the stocks by their total holdings value.” data-reactid=”31″>WalletHub keeps tabs on hedge funds’ quarterly buying and selling actions. They comb through regulatory positions of more than 400 hedge funds, tally their positions in individual stocks, then rank the stocks by their total holdings value.

AMZN), for instance, shares space with mall retailers and restaurants in the consumer discretionary sector. Other stocks such as Facebook (FB), Netflix (NFLX) and Google parent Alphabet (GOOGL) are part of the new communication services sector.” data-reactid=”32″>More than 20% of hedge funds’ top 25 positions are in tech stocks at the moment – and that figure actually widens if you consider all of the tech-esque stocks that fall into other sectors. Amazon.com (AMZN), for instance, shares space with mall retailers and restaurants in the consumer discretionary sector. Other stocks such as Facebook (FB), Netflix (NFLX) and Google parent Alphabet (GOOGL) are part of the new communication services sector.

Here are the six pure-play tech stocks that the hedge funds love most. Each of these companies features a can’t-miss combination of bulletproof balance sheets and strong growth potential.

read more at finance.yahoo.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here