Market Analysis – Which Tech Stocks to Buy? (Shopping List)

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As tech stocks continue to surge, while the S&P 500 and the general economy lags behind, it is important to select the right sectors and stocks to invest in.

Also, as the US gradually opens its economy and talks of a new potential vaccine surfaces, will these be able to boost the V-shaped recovery of the stock market?

And more importantly, which specific stocks are the best to invest in?

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Market Overview

Telegram Signals Trend Summary 170520

While most of the markets are sideways or in weak trends, we see that a few things continue to remain strong, such as Gold, the US dollar, and the NASDAQ.

 

Upcoming News for the Week

Major News 190520

 

How is the Economy Faring?

There seems to be a large disparity between various sectors, and last week several famous fund manager like David Tepper and Stanly Druckenmiller said that they feel the market is too expensive at current levels.Telegram Signals V Shaped Recovery 170520

 

Some good news on the virus front, with a potential vaccine being found. It might still take months before we see an end product, but at least this gives us some hope.Telegram Signals Vaccine 170520

 

As the US gradually reopens its economy, so far we have not seem any sharp spike in cases, so that is a good sign. However, since there is a delay between infections and testing, only time will tell.
Telegram Signals Us Reopening 170520

 

Is Gold Starting a New Super Trend?

We have been getting some solid buy signals for Gold, and the charts show that it has potential to break new highs.

Telegram Signals Gold 170520 Telegram Signals Gold 1 170520 Telegram Signals Currency Strength 170520

 

NASDAQ vs. S&P 500

There is a curious divergence on the NASDAQ versus the S&P 500, which is due to the fact that tech stocks have fared much better and recovered faster than the rest of the economy.

Since this divergence could persist or even widen, it makes sense that we should continue focusing our investments in tech counters.

Since my visit to Silicon Valley and various offices there in 2018, I have been very bullish on the tech sector.

Telegram Signals SP 500 170520

Telegram Signals Nasdaq 1 170520

Telegram Signals Nasdaq 170520

Choosing the Right Sectors to Invest In

Looking at where the big money is flowing, Warren Buffett is selling off the airlines and financial stocks, while the Saudi sovereign fund is buying up huge chunks of US stocks.

Telegram Signals Saudi Fund 170520

Telegram Signals Warren Buffett 170520

 

Best Tech Stocks to Invest In

Here is the shopping list of my favourite tech stocks, which I plan to buy and hold for the long-term.

  • Alibaba (BABA)
  • Tesla (TSLA)
  • VISA (V)
  • Mastercard (MA)
  • Facebook (FB)
  • Amazon (AMZN)
  • Mircrosoft (MSFT)
  • Apple (AAPL)
  • Google (GOOG)
  • Disney (DIS)
  • Nvidia (NVDA)
  • Shopify (SHOP)
  • Paypal (PYPL)
  • Salesforce (CRM)

 

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