TECH - 'Once-In-A-Lifetime Opportunity': Wealth Manager Sees Potential In These Three Stocks | Benzinga
Super Micro Computer Inc (NASDAQ:SMCI), Palo Alto Networks Inc (NASDAQ:PANW), and PepsiCo Inc (NASDAQ:PEP) are the three stocks that wealth manager Brian Vendig the president of MJP Wealth Advisors has identified as potential investment opportunities.
What Happened: Vendig is optimistic about the stock market’s performance this year and has identified several investment opportunities outside of the 2023 market leaders, reported CNBC on Tuesday.
He believes that the expansionary earnings outlook for this year, combined with the market areas that did not significantly contribute to returns last year, such as healthcare, industrials, materials, financials, and consumer staples, offers potential for investors.
Vendig is keeping an eye on Super Micro Computer, a company that makes AI systems and graphics processing unit servers. The company’s shares have seen a significant rise, and it was recently added to the S&P 500.
Despite this, Vendig suggests that it may be wise to take some profits now and wait for a better entry point later in the year. "I think it's something that is part of a greater trend that's happening in the market place, because investors are thinking this is a once-in-a-lifetime opportunity to ...