Marc Faber is optimistic on US big tech stocks. Last Friday, Marc Faber told Bloomberg News:
“Investors should buy U.S. technology stocks after prices fell near the lows reached after the dot-com crash in 2000”
“You could make a case that in the U.S. some equities have come down a lot and are inexpensive”
“In Nasdaq stocks, in high-tech companies, we have a base-building period.”
“Technology companies with the biggest cash hoards are better positioned to grow earnings when the economy rebounds because they can maintain spending on research and development”
“In a crisis like we have now the weak competitors don’t have the money to carry out R&D, whereas the strong competitors have that money”
“When the crisis comes to an end, the strong competitors emerge in a relatively stronger position.”
Marc Faber is bullish on the Nasdaq big caps like Intel, Oracle, Microsoft or Cisco Systems.
