Larry Cordisco, co-CIO of Core Equity at Osterweis Capital Management, joined the Investing with IBD podcast this week to provide analysis of past periods of divergence in market history to put the trading action of 2021 into perspective. We also discuss a key macroeconomic factor that signals growth stocks could soon “get their time in the sun” once again. Plus, Cordisco analyzes the long-term fundamental stories for Amazon (AMZN), Advanced Micro Devices (AMD) and Aptiv (APTV).
Audio Version Of Podcast Episode
Video Version Of Podcast Episode
Tech Stocks In Focus As Rotation Swings Other Way
Many growth stocks have been taking a break this year, with the focus shifting to economic recovery plays in the energy, financial and industrial sectors, among others. But technology stocks are perking back up. The Nasdaq is closing in on its all-time high set in late April, running up powerfully from its mid-May lows.
A rotation into tech stocks is hitting some of 2021’s notable gainers in a big way, with names like Mosaic (MOS), Arcelor Mittal (MT) and JPMorgan (JPM) plunging below their 10-week moving averages this week.
Meanwhile, AMD stock, Amazon stock and other tech stocks that notched strong gains in 2020 are on the move. AMD stock jumped 5.6% Thursday while Amazon stock climbed 2.2%.
Trade Ideas: AMD Stock, Amazon Stock
In addition to discussing the 2021 market environment and inflation trends, Cordisco provides insights about the long-term growth stories for AMD stock, Amazon stock and Aptiv stock.
Want More? Research AMD Stock Using IBD Tools
If you’re looking for the next top stocks primed to make big moves, check out IBD’s Stock Lists page. To get IBD’s real-time assessment of tech stocks like AMD stock and Amazon, check out IBD’s Stock Checkup page.
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