Is the Market Hitting the Brakes on These Momentum Tech Stocks?

After a killer year last year, has the momentum now reversed direction on these headline-making technology stocks?

Alison Southwick
Alison Southwick
Apr 7, 2014 at 5:58PM
Technology and Telecom

The Nasdaq Composite Index (NASDAQINDEX:^IXIC) had a monster year last year, climbing 41% in 2013, but now some of the so-called momentum tech stocks such as Tesla Motors (NASDAQ:TSLA) and Facebook (NASDAQ:FB) 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?

In this segment from 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.