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It’s Time to Start Buying Big Tech Stocks Bargains, Says This Bearish Analyst

  • Amazon, Alphabet and Meta ‘already gotten knocked down’
  • Better plays in long term, Miller Tabak strategist says
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State Street Favors U.S. Stocks, Strategist Says

While markets could still wilt in the face of a weakening economy, Matt Maley, chief market strategist for Miller Tabak + Co, said that investors should be grabbing defensive opportunities now. At the top of his list are three tech giants: Inc., Alphabet Inc. and Meta Platforms Inc. 

“Those stocks have already gotten knocked down, they’ve gotten much cheaper than a lot of other tech names,” Maley said on Bloomberg Radio Wednesday morning. “If the broad market falls further, like I think it will, these stocks will also fall a little bit, too, but if you buy them every single month for really, the rest of the year, you’ll be able to get a nice little base of shares by the end of the year. You’ll be sitting nicely for the next year and beyond.”