28 Nov Pressure to Continue on Tech Stocks Due to Cybersecurity and Privacy Issues
Analysts say that tech stocks will continue to feel pressure in the near future and advised investors to consider incorporating a broader set of investment tools to help identify potential risks from technology.
Those who are looking to buy the dip are advised to consider two parallel trends in 2018. Early in the year, “FAANG” stocks drove 50 percent of the S&P 500 gains, while deregulation momentum in the U.S. suggested the tech regulation happening in Europe would stay in Europe.
It is also said that negative disclosures from tech giants are continuing to fuel investor anxiety. Additionally, Moody’s also recently announced that it will be evaluating organizations’ risk relative to a major cyberattack, similar to S&P’s announcement in February where it said that cyber and technology risk management will now be factored into its’ ratings decisions.
Source: CNBC
