Their intended goal for the near term is to hunt for bargains in the tech sector which have been decimated in 2022. An American multinational investment management giant’s BlackRock (NYSE: BLK) Kate Moore elaborated that the recession is not on the top of their worries. She said:
Opportunities abound
Meanwhile, David Giroux of T. Rowe Price is seeing opportunities which he shared both at the conference and in a recent interview with Morningstar. According to Giroux areas of technology with more attractive infrastructure and stronger cash flows that generates revenue three to four times faster than the market is where they’re focusing.
Caution can go a long way
Alternatively, Moore has a more cautious approach favoring cybersecurity, cloud ecosystems, and agricultural complex companies due to the war in Ukraine. Sammy Simnegar of Fidelity International Capital Appreciation, shares Moor’s sentiment. Thereupon the company whose price has fallen from the mid-30s to a more attractive high 20s when it comes to valuation and ticks most of their boxes is Nestle (SWX: NESN). In short, Moore concluded: Market participants seemingly have areas where to put their money to work which should give them outsized returns in the long run. Fund managers dealing with trillions of dollars see pockets of opportunities and are putting money to work. Perhaps copying some of their moves could be a viable strategy for a volatile 2022. Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
