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 Motors and Facebook that 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 Twitter has 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 & Gamble raised its quarterly dividend by 7%, continuing its 58-year streak of raising its dividend. And shares of SunEdison were 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.

Boost your 2014 returns with The Motley Fool's top stock
There's a huge difference between a good stock and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2906212, ~/Articles/ArticleHandler.aspx, 10/25/2014 8:24:51 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement