Sometimes the best offense is a good defense. That’s what investors seem to be feeling. Technology stocks continue to be under pressure, and that money is flowing into traditionally defensive assets like gold, but there’s increased evidence that this rotation is expanding to include many blue-chip stocks. For example, The Coca-Cola Co. (NYSE: KO) stock is up more than 10% in February.
Does this mean the tech trade is dead? Not likely, innovation may take a breather, but it doesn’t stop. However, much like the dot-com era, investors are wrestling with two competing themes. On one hand, there’s concern over the depth and breadth of the artificial intelligence (AI) buildout. On the other hand, there are concerns about what the AI transformation means for jobs and the economy.
Investors will get more information about the state of the labor market when the February Jobs report is released on March 6. Until then, buckle up for more volatility—and with it, more chances to find mispriced stocks. The MarketBeat analysts look for those opportunities every week. Here are some of our most popular articles from this week.
