2 Large-Cap Tech Stocks Showing Impressive Strength in an Uncertain Market -Breaking
[ad_1]
© Reuters. 2 Large-Captech Stocks show impressive strength in uncertain marketsThe equity markets have remained volatile amid COVID-19 omicron variant concerns and the Fed’s tapering activities. However, large-cap tech stocks Marvell Technology (NASDAQ:) and Dell Technologies (NYSE:) have displayed impressive strength amid the market’s volatility and are hitting new price highs. So, we think it could be wise to add them to one’s watchlist now. Let’s discuss.The major market indexes closed in the green yesterday for the second straight session after exhibiting volatility over the past few weeks. Technology-heavy increased 3% to 15,686.92. It recorded its best day in 2021 since March 9. The recent market volatility has been triggered by the concerns relating to the COVID-19 omicron variant and the Fed’s decision to wrap up its bond purchases and raise interest rates sooner than expected.
Because of the growing use and acceptance of technology solutions across many industries, as well as the continued trend towards remote working, it is likely that the tech industry will continue to expand in the near future. Wedbush analyst Dan Ives believes there will be a $2 trillion digital transformation opportunity over the long term, which could boost the tech industry’s growth by impacting the consumer and enterprise tech ecosystem.
Against this backdrop, we think it could be wise to add large-cap tech stocks Marvell Technology, Inc. (MRVL) and Dell Technologies Inc. (DELL) to one’s watch list because they have been hitting new price highs.
Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.
[ad_2]
