PTON - Tech Bull Market: 1 No-Brainer Stock to Buy Hand Over Fist and 1 to Sell
2024-07-18 08:00:00 ET
The Nasdaq Composite index is up 20% this year, and it's trading near a record high. But some technology stocks are yet to join in on the rally.
SentinelOne (NYSE: S) is down 23% year to date, although it's comfortably off its worst levels. The company develops cybersecurity software powered by artificial intelligence (AI), which is likely to experience significant demand, so I'll argue why its stock deserves to be higher.
Peloton Interactive (NASDAQ: PTON) , on the other hand, has suffered a 36% decline this year. I think the chances of a comeback are shrinking, so it might be one stock to avoid. Investors will struggle to extract the best returns from the bull market by holding on to stocks facing real structural challenges.
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Tech Bull Market: 1 No-Brainer Stock to Buy Hand Over Fist, and 1 to Sell