Tech stocks snap back strongly – With insights from The Wall Street Journal
When we dropped Tesla from the BizNews Share portfolio in 2018, it was driven by the stock's extreme volatility caused by founder Elon Musk's eccentricity. In short, while we continue to trumpet this mistake, it's also a reminder that investing is not punting – the priority must be to facilitate peaceful sleep. The exponential stocks which dominate our portfolio aren't making that easy right now. After a really poor March when emerging tech stock prices fell sharply, they snapped back last night SA time. Cloudflare, for instance, jumped 12%, 2U 8% and Spotify 6%. It's all relative, of course. Tesla surged 20%, leading what was tech-heavy Nasdaq's best session of 2021. The tech stock bull clearly isn't leaving without a bellow, aided by a deeply entrenched "buy-the-dip" mentality. Here's the story from our partners at The Wall Street Journal. – Alec Hogg
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