Megacap Tech Stocks Amid Falling Valuations

"Earnings showed a sharp slowdown in the rate of revenue growth. The stock market rally has come amid expectations for the Federal Reserve to rein in interest rate hikes. Valuations have fallen too far and too fast. I still favor dividend paying and high quality companies," says Phil Blancato. "I like megacap stocks like AMZN, AAPL, and GOOG. The space has struggles as valuations became extended and investors shifted to other parts of the market," adds Keith Gangl.

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09 Aug 2022

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