The Stock Market Has Crashed: My Top 5 Dirt Cheap Tech Stocks to Buy Now
President Trump's announcement of tariffs on imports from countries worldwide has rocked the stock market -- and the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) has led the decline, crashing more than 20% from its most recent high.Why are tech stocks being hit so hard? These companies rely on production of parts and finished goods in countries around the world, from China to India -- and the companies now will have to pay the new import duties as they bring these items into the U.S.All this has prompted investors to worry about tech earnings ahead, fleeing shares of these companies. As a result, the valuations of many well-established tech players have plummeted, leaving them at dirt cheap prices.Continue reading
President Trump's announcement of tariffs on imports from countries worldwide has rocked the stock market -- and the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) has led the decline, crashing more than 20% from its most recent high.
Why are tech stocks being hit so hard? These companies rely on production of parts and finished goods in countries around the world, from China to India -- and the companies now will have to pay the new import duties as they bring these items into the U.S.
All this has prompted investors to worry about tech earnings ahead, fleeing shares of these companies. As a result, the valuations of many well-established tech players have plummeted, leaving them at dirt cheap prices.
