Two Stocks to Watch With Tech Selling Off
Sector rotation? It’s time for these two retail behemoths
Americans are more addicted to caffeine and nicotine than anything else — and there are two stocks that prove that.
While the world rides the tech roller coaster, which is currently on the downswing, stocks like Coca Cola (ticker: KO) and Philip Morris (PM) get overlooked.
Those two stocks have been on the rise lately, however, and offer an awesome quarterly dividend.
As tech tops out, stable stocks see new money
It’s profit-taking time for the people holding Nvidia, Microsoft, Apple, and any other tech stock that’s gone bananas in the past year.
Stocks don’t only go up, of course. Tech stocks grow quickly because they’ll dominate our future, but every once in a while, the market decides to play it safe.
When stocks go up 30%+ in a year, investors start to question whether things have gone too far. Often times they agree they have, as they have recently.
They take their profits, let things settle down, and park their money elsewhere for the time being.
When this happens, investors turn to safe stocks, often brick-and-mortar or adjacent companies…
