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home / news releases / WFH - Tech Stocks Have More Room To Go Down

WFH - Tech Stocks Have More Room To Go Down

Direxion Work From Home
  • Tech stocks, which swiftly bounced off the -10% territory, gave the market the illusion that the tech sector has been fully corrected.
  • Mainly due to widespread supply shortage and seasonality, Q1 revenue (EPS) has been estimated to decrease by 10% (6%) for an average tech stock.
  • If tech sector is currently valued based on its Q1 financials, tech stocks may see an immediate 8% downside.
  • Partially due to the fading WFH demand, Q2 revenue (EPS) has been estimated to decrease by another 2% (4%) for an average tech stock.
  • As a result, tech stocks may drop another 10% by Q2.

For further details see:

Tech Stocks Have More Room To Go Down
Stock Information
Company Name: Direxion Work From Home
Stock Symbol: WFH
Market: NYSE
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