Finance

Why the tech ‘rollover’ could be a major buying opportunity

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One top strategist is calling the tech slump a major buying opportunity.

According to Oppenheimer Asset Management’s John Stoltzfus, the group will rebound because it plays a key role in the economy’s reopening. He cites the critical support tech companies provide to consumers and every sector of corporate America.

“We see the rollover in the Nasdaq to be actually an opportunity to add to positions that may have been a little more expensive just a few days ago,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday.

The tech-heavy Nasdaq dropped 2.7% to close at 12,997.75. The move came as the benchmark 10-year Treasury Note yield ticked up toward 1.5%. Rising…



Source cnbc.com

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