When Facebook (NASDAQ: FB) and Netflix (NASDAQ: NFLX) stocks dropped dramatically in late July, analysts were watching closely to see if a big tech correction was underway. As stocks tend to do, particularly stocks as robust as the FANG stocks, they stabilized and are even climbing towards new record highs.
But does that mean that the correction in tech stocks is over? History tells us that it’s probably not. Corrections usually happen in waves. And while not every wave is as dramatic as the one before it or the one to come, it’s important to get as much information as you can.
But everyone is reporting great earnings, you say? In many cases, a correction is not an indictment of a stock’s growth potential. It is a natural part of bringing balance to the markets. And remember, corrections can create excellent buying opportunities. Remember, stocks don’t just move in one direction, particularly stocks that provide a high potential for growth.
With that in mind, here’s a list of eight tech stocks that have some downside potential that you shouldn’t ignore. Summer is almost over and that means the institutional traders will be diving back into the market. Taking action now will ensure that your portfolio is well positioned in advance of any October surprises.
Click the "Continue to Slide #1" button to view the first company.
