Opportunities in Big Tech Companies!
Fed just increased interest rates by 75 basis points yesterday, with a potential fed rate of 4% to 4.5% by year's end. Yesterday's market was highly red as a result of this. However, I believe that this time is ripe with opportunity on the Big Tech firms. It has been some time since we seem such low valuations for the Big Tech firms. Image from faangpath website In my opinion, there will still be a year-end rally in 2022 because of the mid-term elections on 8 November 2022 and the World Cup on 20 November 2022 . As a result, this increases the allure of these Big Tech's current valuation. At the end of the day, if there is a short-term rally, I think the Big Tech companies will recover the quickest. Even without a rally, holding onto these Big Tech firms in 2023 may be preferable if a recession does happen. However, given that we were aware that Big Tech companies have repurchase programs in place, why has there been no support from these companies? One of the reasons I re...