- Tech stocks sold off last week as 10-year Treasury yields rose.
- But the stocks are still good investments, argues Luke Lloyd of Strategic Wealth Partners.
- However, Lloyd said investors seeking alpha should look to individual small-cap names.
According to Luke Lloyd, an investment strategist at Strategic Wealth Partners, such a pullback is a healthy thing near all-time highs, and investors shouldn’t sweat it.
At the end of the day, tech stocks are still a good investment, he said, and they can justify the high valuations that have led some to cry of a bubble. Especially consider valuations of some stocks tied to an economic reopening, like airlines and cruise lines.
Word abonnee van Business Insider