TH

Tai Hui 5.0 1 idea

APAC Chief Market Strategist, JPMorgan Asset Management
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Recent positions
TickerDirEntryP&LDate
XLK LONG $141.77 Apr 08
By sector
ETF
1 ideas
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XLK 1 ideas
Tech earnings are seen as resilient, able to protect profit margins. Nvidia trading at ~20x P/E is noted as historically cheap, with fears centered on overinvestment, not macro. "Staying invested, especially in some of the equity markets, for example, the broader U.S. market, not just in technology" is advised. The sector has sold off on macro/fear of overinvestment, not a collapse in earnings power. The geopolitical ceasefire removes a major macro overhang, allowing investors to refocus on strong cash flow generation and resilient models. The sector offers value after a derating, with strong underlying fundamentals that are now more likely to be recognized in a stabilizing macro environment. A severe global recession hits tech spending harder than expected, validating overinvestment fears.
XLK Bloomberg Markets Apr 08, 04:34
APAC Chief Market...
Tai Hui (APAC Chief Market Strategist, JPMorgan Asset Management) | 1 trade ideas tracked | XLK | YouTube | Buzzberg