7 Tech Stock Picks to Beat the September Market Slump
Tech stock picks that can beat the market might be a little harder to find than you might believe as the market continues slumping. The stock market started September on downbeat momentum. A temporary rebound ensued. Chances are against the technology sector in staging a sustained rebound. The Federal Reserve will announce its interest rate policy on September 21, 2022. On that day, the central bank will raise rates by between 50 to 75 basis points. The impact of higher rates is greatest on many traditional tech stock picks. They typically trade at elevated valuations. Markets discount a tech firm’s future cash flow to present value. When rates rise, the investor should model a higher discount rate. This lowers the fair value. Still, these tech stock picks to consider have solid prospects. ADBE Adobe $371.52 CRWD CrowdStrike $184.11 DOCU DocuSign $60.55 GOOGL Alphabet $105.00 HPQ HP $27.04 META Meta Platforms $151.47 ZS Zscaler $182.98 Adobe (ADBE) Source: Tattoboo | Shutterstock Adobe (NASDAQ: ADBE ) peaked at $699.54 in the last year.
7 Tech Stock Picks to Beat the September Market Slump
Tech stock picks that can beat the market might be a little harder to find than you might believe as the market continues slumping. The stock market started September on downbeat momentum. A temporary rebound ensued. Chances are against the technology sector in staging a sustained rebound. The Federal Reserve will announce its interest rate policy on September 21, 2022. On that day, the central bank will raise rates by between 50 to 75 basis points. The impact of higher rates is greatest on many traditional tech stock picks. They typically trade at elevated valuations. Markets discount a tech firm’s future cash flow to present value. When rates rise, the investor should model a higher discount rate. This lowers the fair value. Still, these tech stock picks to consider have solid prospects. ADBE Adobe $371.52 CRWD CrowdStrike $184.11 DOCU DocuSign $60.55 GOOGL Alphabet $105.00 HPQ HP $27.04 META Meta Platforms $151.47 ZS Zscaler $182.98 Adobe (ADBE) Source: Tattoboo | Shutterstock Adobe (NASDAQ: ADBE ) peaked at $699.54 in the last year.