by Daniel Shvartsman
We recently published a roundtable discussion on the tech sector, and one of the themes from it was that tech’s relative outperformance in both bull markets and the bear market so far is deserved. There’s a natural resistance built into the sector to working from home and to keeping the economy – or what’s still open of it – running. To use Nassim Nicholas Taleb’s term, tech appears to be antifragile.
We continue our video interview series with Andres Cardenal, CFA of The Data-Driven Investor. He was one of those who argued tech will maintain its premium valuation, even as I asked him about the cyclicality of online advertising and consumer spending. He also shared a couple stocks – Docusign (DOCU) and Twilio (TWLO) – that he thinks will stay strong in the months and years ahead.
Disclosure: I am/we are long GOOG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: Daniel Shvartsman is long GOOG.
Andres Cardenal is long DOCU, TWLO, TTD, AMZN, GOOGL, FB and AAPL.
Nothing on this video should be taken as investment advice.
We will publish a transcript of the conversation in the coming days.