Article By:
Michael J. Kramer
Thursday, April 23, 2020 8:44 AM EDT
What have seen so far today out of Europe is not pretty. The Market Flash PMI for the Eurozone composite came in at 13.5 vs. estimates for 26. Services were even worse at 11.7 vs. estimates of 24.
The Nasdaq Selling Has Commenced
Sell high PE stocks with slowing growth. Buy lower growth stocks with continuing growth. Sell #Netflix buy #Google. Sell #Tesla buy #Microsoft. Sell #REITs buy #Xilinx, etc. The trend is likely not going to be your friend. Buy real stories, do your research. $XLNX $GOOGL $NFLX $TSLA $MSFT