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Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. Playing defense When looking outside of big tech, investors may also want to consider looking out for more defense-focused names. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base. Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Jake Dollarhide and Paul Meeks on their bull-or-bear case for MetaJake Dollarhide, CEO of Longbow Asset Management, and Paul Meeks, portfolio manager at Independent Solutions Wealth Management, weigh in on whether investors should buy or avoid Meta.
These are tumultuous times for Meta , with investors fleeing the stock and the metaverse having its fair share of struggles and other economic headwinds. The stock in late September plunged to trade at its lowest since January 2019 — and has since dropped even more. Users are jumping ship and advertisers are reducing their spending, leaving Meta poised to report its second straight drop in quarterly revenue. Meta also lost $2.81 billion on $452 million in revenue from its virtual reality division during the quarter ending in June — as it spent heavily to develop virtual reality and augmented reality products. Two tech investors faced off on CNBC's " Street Signs Asia " on Wednesday to make a case for and against buying the stock.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't know if this is the bottom for stocks, says Independent Solution's Paul MeeksPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'The Exchange' to discuss if today's market action feels like a bottom, Meek's top stock picks, and more.
Seeking opportunities in beaten-down tech stocks
  + stars: | 2022-09-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeeking opportunities in beaten-down tech stocksPaul Meeks, Independent Solutions Wealth Management, and CNBC's Deirdre Bosa join CNBC's Frank Holland and the 'CNBC Special: Markets in Turmoil' to discuss where to go bargain hunting in the tech space.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC PRO Talks: Fund manager Paul Meeks on what’s next for the tech sectorCNBC’s Will Koulouris spoke to Paul Meeks, portfolio manager at Independent Solutions Wealth Management, to discuss tech stocks that can be building blocks to “build back better” in the sector and what’s ahead for investors.
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