May 6, 2024
Tech Stocks - How to Search + Market Sector + Compare Data
AZ TRT S05 EP17 (232) 4-28-2024
What We Learned This Week:
- Tech Stocks - Netflix, Microsoft, Google, FB, Tesla, Apple ...
- Market Sector, Leader vs Laggard, Cousin Theory
- How to Find Stocks - Search for comparative stocks
- Financials & Technical Analysis + Benchmarks
Notes:
Market Sector – Rank the sectors, what sectors have the best stocks in the NASDAQ currently
Ex - Tech, Energy (oil), Consumer, Real Estate, Financials (banks)
Sectors have subsectors – Tech has information technology
Bloomberg or IBD will list the top sectors, top stocks, stocks with best earnings, biggest movers in price, 52 week highs
Search for Market Sector with the highest Relative Strength (RSI) – stocks in that sector outperforming the index
Outperformance vs a benchmark index like the NASDAQ
Sample:
https://money.usnews.com/investing/articles/best-tech-stocks-to-buy-this-year
Inflation and elevated interest rates remain headwinds for tech earnings in the near term, however, making stock selection critical. Here are 10 of the best tech stocks to buy today, according to CFRA analysts:
|
STOCK |
IMPLIED UPSIDE OVER APRIL 5 CLOSING PRICE |
|
|
|
|
Microsoft Corp. (MSFT) |
6.9% |
|
Apple Inc. (AAPL) |
23.8% |
|
Nvidia Corp. (NVDA) |
13.6% |
|
Broadcom Inc. (AVGO) |
19.5% |
|
Salesforce Inc. (CRM) |
9.3% |
|
Advanced Micro Devices Inc. (AMD) |
17.4% |
|
Adobe Inc. (ADBE) |
29.9% |
|
Accenture PLC (ACN) |
16.2% |
|
Intuit Inc. (INTU) |
12.5% |
|
International Business Machines Corp. (IBM) |
14.2% |
Cousin Strategy – stocks related to a leading stock, could be the supplier
Leader vs Laggard – what is the top stock in the top sector, vs the worst stock in the best sector
Leaders have strong fundamentals & growth
Laggards are stagnant, price is not moving or going down
Factors of Leaders: 1. Explosive Growth, 2. Brand Recognition, 3. Innovation – new products, 4. Financial Efficiency – ROE, & 5. Price – Price Action going up
Search for best stocks in best sectors
See what search shows, related news stories about stocks in same sector
Comparison Stocks – stocks in the same sector or industry, competitors sometimes
You are looking for a few stocks to be doing well in a sector, as a really good stock can carry other similar stocks
Search for Stocks with the highest Relative Strength
Fundamental Analysis -
Tech stocks tend to have a higher P/E Ratio, you pay more for growth stocks, they are rarely cheap. Look for low debt and sales growth.
Earnings growth or innovation (new products) move a tech stock price up
You want consistent upward trending earnings, quarter over quarter of 20%, also compare to prior year to look for 20% growth year over year in same quarter
High Interest rates can hurt tech stocks, and drive down the price of stocks
Technical Analysis –
Look for a sloping up trend on a chart, 45% angle, vs hyper unsustainable growth of a straight up 90% angle.
Stocks need time to bake and can consolidate for months in a range of $150 - $170 before breaking out to $250 over next few months.
Tech
Topic:
https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science
Best of Tech:
https://brt-show.libsyn.com/size/5/?search=best+of+tech
Investing Topic:
https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement
‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT
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