TCEHY - Apple Microsoft top tech picks for 2022 at Wedbush as Chinese headwinds create US tailwinds

Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) are the top tech stocks heading into 2022, according to Wedbush Securities analyst Dan Ives, who notes that the route in Chinese tech stocks this year provides an enormous opportunity for U.S.-based tech stocks next year. Ives believes that the crackdown on names such as Baidu (NASDAQ:BIDU), Tencent (OTCPK:TCEHY), Alibaba (NYSE:BABA), JD.com (NASDAQ:JD) and the Didi IPO (NYSE:DIDI) from the Chinese government bodes well for U.S. tech stocks. He sees investors continuing to rotate away from Chinese tech, creating a "nirvana set up" for FAANG names and the tech sector as a whole. "Our bullish view is US tech stocks will be up another 20% for 2022 with our NASDAQ 19K target," Ives wrote in a note to investors, adding that there will be "massive volatility and white knuckle periods" due to the Federal Reserve starting to raise rates. Nonetheless, the fundamental story for U.S.

For further details see:

Apple, Microsoft top tech picks for 2022 at Wedbush as Chinese headwinds create US tailwinds