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Selloff in Tech Equities Offers 'Massive Buying Opportunities' says Wedbush, Buy Apple (AAPL) and Microsoft (MSFT) Ahead of a 30% Rally
March 5, 2021 9:09 AM ESTThe tech-heavy NASDAQ Composite Index is trading about 3.5% lower this week after dropping 3.92% last week. This way, the index is trading about 10% off the most recent all-time highs.
As some analyst expects NASDAQ to continue its pullback towards 12000, Wedbush analyst sees a massive buying opportunities across the board amid a selloff.
The momentum names in tech are down anywhere from 15% to 25%+ this week and in our opinion this sell off is way overdone given the $2 trillion of digital transformation spending on the horizon coupled by a massive M&A spree set for the next few years in the tech... More
