"But that doesn't mean you should pass up on a chance to make a big swing on the bigger opportunities that fly through your strike zone. In this piece, we'll look at three great large-cap tech stocks that have already fallen far more than the rest of the market and the Nasdaq 100 and might be spared if they have already "ripped the band-aid off," so to speak."
"If you bought up shares of Oracle ( NYSE:ORCL) after that unprecedented post-earnings pop, you took a shot right on the chin, with shares now down close to 40% in less than three months. That's the danger of buying after historic single-day surges, including the ones that the sell-side analysts are in a rush to upgrade and praise. At this juncture, late buyers might be wondering if it's a good idea to cut losses before matters get worse,"
The S&P 500 sits just over 4% below its all-time high while the Nasdaq 100 remains over 7% below its October peak. Down days have hit the Nasdaq 100 harder than the S&P while Nasdaq has risen less on recovery days, amplifying pain in tech and fueling an AI valuation scare that may not be over. Several large-cap tech stocks have fallen far more than the broader market, in some cases 25–40% off highs. Excess selling appears overdone, potentially creating a window to buy discounted opportunities. Oracle exemplifies the risk and reward trade-off: OCI strength amid hefty valuation and significant debt.
Read at 24/7 Wall St.
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