Fund managers and investors have seen substantial gains since the beginning of the year and are looking for a reason to pull profits off the table. The coronavirus seems as good a reason as any to correct this richly valued market. The chip segment is hot right now, and it’s only going to get hotter. Leading chip stocks like Nvidia (NVDA - Free Report) , Intel (INTC - Free Report) , and TSMC (TSM - Free Report) are leading the technological revolution in datacenters, and today’s drop increases their attractiveness. This market may still have more room to fall. I wouldn’t put any sizable positions on yet.
I discuss other implications of the coronavirus in my article: How The Coronavirus May Be Impacting Your Portfolio.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.7% per year. So be sure to give these hand-picked 7 your immediate attention.
See 7 handpicked stocks now >>