5 ETFs to Bet On Amid Tech-Driven Market Sell-Off
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
0mins
Should l Buy GOOGL?
Source: NASDAQ.COM
Market Volatility and Tech Sell-Off: Recent weeks have seen increased market volatility, particularly in the tech sector, with significant losses among major companies like Tesla and Alphabet, resulting in a record decline of over $750 billion in market capitalization for the "Magnificent 7" stocks. The rise in volatility is attributed to concerns over upcoming elections and potential trade policies under Donald Trump.
Hedging Strategies for Investors: To mitigate risks from market downturns, investors are encouraged to consider various ETFs designed for hedging, such as Simplify Hedged Equity ETF and Global X Nasdaq 100 Covered Call ETF, which aim to provide capital appreciation while reducing overall portfolio volatility. These funds may offer protection during turbulent market conditions but come with associated costs and may not fully shield against extreme events.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 302.060
Low
305.00
Averages
374.25
High
400.00
Current: 302.060
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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