Investor Beat: Tech Stocks Tumble
The Nasdaq Composite Index had a monster year last year, climbing 41% in 2013, but now some of the so-called momentum tech stocks such as Tesla Motorsand Facebookthat drove the growth of the index last year are pulling back. Is this a signal that these stocks got a bit too far ahead of themselves, and will continue to fall this year?
On Monday's Investor Beat, host Alison Southwick and Motley Fool analyst Jason Moser and Taylor Muckerman discuss some of the factors driving this across-the-board Nasdaq Composite sell-off in 2014, and Taylor and Jason each pick the companies on their watchlists that could become great buying opportunities as the sell-off continues.
Then, the guys discuss four stocks making moves on the market today. News leaked today that Twitterhas acquired Cover, an Android app that adjusts what's on your phone's home screen based on where you are. Yahoo! has announced that it will start offering original online video programming, taking a similar approach to some of the other video streaming services that have found success with original content. Procter & Gambleraised its quarterly dividend by 7%, continuing its 58-year streak of raising its dividend. And shares of SunEdisonwere down today, on news that the company is cancelling its solar project in India.
And finally, Taylor and Jason each discuss one stock on their radar this week. Jason looks ahead to earnings on Wednesday from Bed Bath & Beyond and says that he remains bearish on this stock. He sees nothing to differentiate the company from the competition and notes that competing companies are beginning to aggressively go after this space. Meanwhile, Taylor discusses General Motors as the process of handling its massive recall gets under way. He sees the recall and the related federal investigation as being stories that will play out for the rest of the year, if not longer, and will be watching earnings to see what information the company will give on the matter.
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The article Investor Beat: Tech Stocks Tumble originally appeared on Fool.com.Alison Southwick owns shares of Corning. Jason Moser owns shares of Amazon.com, LinkedIn, and Twitter. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Amazon.com, Apple, Bed Bath & Beyond, Corning, Facebook, General Motors, Google (A shares), LinkedIn, Netflix, Priceline Group, Procter & Gamble, Tesla Motors, Twitter, and Yahoo! and owns shares of Amazon.com, Apple, Corning, Facebook, Google (A shares), LinkedIn, Netflix, Priceline Group, Qualcomm, and Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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