Has the bubble popped? For the second consecutive day, tech shares got clobbered. We’re seeing a rotation into COVID-losing stocks and cyclicals and out of high-flying growth stocks, similar to the likes of what we saw in November. With Treasury yields continuing to rise higher, investors are fearful of a sooner than expected interest rate hike from the Fed, compounded with inflation fears. If this trend keeps up, tech shares could continue declining for the foreseeable future. Amidst these fears, the Dow Jones dropped 300 points or 1%, the S&P 500 fell 1.6%, and the Nasdaq NDAQ plummeted by 3%. The Nasdaq, for the first time in a while, traded below its 50-day moving average. For investors looking to make the most of this market, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Buys. Our Artificial Intelligence (“AI”) systems assessed each firm on parameters of Technicals, Growth, Low Volatility Momentum, and Quality Value to find the best Top Buys.
Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.
Black Knight Inc (BKI)
Black Knight Inc is our first Top Buy for the second day in a row…