Tech Stocks Lose Their Place In The World (GOOG)(MSFT)(CRM)(ORCL)(MSFT)
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Tech stocks are supposed to go down less than the overall market and come back faster. That has been in the Broker 101 handbook for at least two decades. The reasoning is simple. Technology actually becomes more essential to corporations in a recession. It makes enterprises more efficient and productive. A mainframe can do the work of a dozen people. It has no health care or vacation requirements.
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Stocks Mentioned: Google (Nasdaq: GOOG), Microsoft (Nasdaq: MSFT), Salesforce.com (NYSE: CRM), Oracle (Nasdaq: ORCL), Intel (Nasdaq: INTC).
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Stocks Mentioned: Google (Nasdaq: GOOG), Microsoft (Nasdaq: MSFT), Salesforce.com (NYSE: CRM), Oracle (Nasdaq: ORCL), Intel (Nasdaq: INTC).
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