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Steer Clear of These 4 Popular Tech Stocks That Were Recently Downgraded -Breaking

by Mike Robinson

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© Reuters. Avoid these 4 Tech Stocks that were recently downgraded

It seems like the COVID-19 tech boom, which was driven by the pandemic COVID-19, is over as industry wrestles with current supply chain problems. The industry is also at risk from increased regulation that could limit its ability to perform. Here are some popular stocks in tech: PayPal (NASDAQ) and Activision Blizzard. Roku Wall Street analysts recently downgraded Robinhood (NASDAQ;) and (NASDAQ:). We recommend that you avoid these companies. Keep reading. It seems that the pandemic-driven tech boom is slowing down. More people are returning to work as COVID-9 vaccinations increase, which means less online time. The tech sector is also struggling to find global supply chains. Many tech companies reported disappointing third-quarter earnings reports.

There is also the possibility of increased regulatory pressures on the industry. Congress has proposed new legislation to regulate tech companies in areas such as privacy and age restrictions. Two antitrust bills have been proposed—one from Energy and Commerce Chair Frank Pallone and another from Senators Amy Klobuchar and Chuck Grassley—to guard against the spreading harmful information and to prevent tech companies from giving an advantage to their products over competitors’.

Popular tech stocks include PayPal Holdings, Inc., Activision Blizzard, Inc., Roku, Inc., (ROKU) and PayPal Holdings, Inc. Robinhood Markets Recent analysts downgraded, Inc.

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