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

By Alison Southwick – Apr 7, 2014 at 5:58PM

NASDAQINDEX: ^IXIC

NASDAQ Composite Index

Market Cap

Today's Change

(1.59%) $245.33

Current Price

$15,696.64

Price as of April 23, 2024, 5:15 p.m. ET

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

The Nasdaq Composite Index (^IXIC 1.59%) had a monster year last year, climbing 41% in 2013, but now some of the so-called momentum tech stocks such as Tesla Motors (TSLA 1.85%) and Facebook (META 2.98%) 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.

Alison Southwick owns shares of Corning. Jason Moser owns shares of Amazon.com, LinkedIn, and Twitter. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Amazon.com, Apple, Corning, Facebook, Google (A shares), LinkedIn, Netflix, Priceline Group, Tesla Motors, and Twitter and owns shares of Amazon.com, Apple, Corning, Facebook, Google (A shares), LinkedIn, Netflix, Priceline Group, Qualcomm, and Tesla Motors. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.