Large-cap tech has been lagging behind the broader stock market of late.
And those of you who’ve been watching my daily videos know I’ve been increasingly critical of these stocks.
But it’s not always wise to throw out the baby with the bathwater…
Every now and then, we can take advantage of these scenarios to find stocks that are bucking the trend.
I know you’re probably thinking to yourself, “Roger, you’ve crucified us for trading large-cap tech stocks. What are you thinking?!” But, yes… I’m actually giving away two large-cap tech stocks bucking the trend now.
And they look pretty darn good to me…
The Invesco QQQ Trust Series 1 (Nasdaq: QQQ), which tracks the Nasdaq, is having a hard time outperforming the broader market, mostly due to inflationary pressure.
And inflation tends to put the most pressure on large-cap tech because these stocks are expected to produce the most earnings per share as a result of their volatile nature and accumulation.
Both of which are based on forward-looking potential instead of actual results — like blue-chip stocks.
While I’ve been super critical of the QQQ lately, and current momentum levels back up my point that the index as a whole needs to cool off before heating up again, there are two large-cap tech stocks bucking the trend right now.
They’re both ready for more upside gains in the near term, especially with their relative strength in relation to most other Nasdaq stocks.
Even large hedge funds like these two stocks. But they also like a lot of other tech names that aren’t so hot…
So I say don’t get too excited about large-cap tech — yet.
I’d stay within the bounds of the names I’m giving away for the time being. That doesn’t mean we won’t see more tech stocks buck the trend down the road. But for now, stick with the two big boys in today’s video.
Check out my short video below on the two tech stocks bucking the trend now, and don’t forget to subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video!
P.S. It took some major convincing…
But Wall Street legend Chuck Hughes is finally pulling the curtain back on his brand-new Triple Threat strategy.
And he wants everyday traders to follow along as he sets out to quintuple his trading account over the next three months.
So in other words, he’s giving away his best-kept insights and trades that he’s never shared before.
Don’t waste another second…