«People are willing to buy anything with growth and anything with a dividend just out of desperation»: Fred Hickey
Fred Hickey, editor of the investment newsletter «The High-Tech Strategist», sees greater excesses in financial markets than during the dotcom bubble. The veteran investor tells where he spots the weakest points in the IT sector and why he’s convinced that precious metals are the place to be.
Wall Street darlings like Apple, Google and Amazon have dominated this bull market. But today, the so-called FAANG stocks have lost some of their attraction and are lagging the overall market since last year.
Fred Hickey
Few investors know the tech sector as intimate as Fred Hickey. That’s why his monthly newsletter is a must read for money managers around the world. «The High-Tech Strategist» is a unique treasure of deep insights which go way beyond the tech sector. Having grown up in Lowell, Massachusetts, in the heartland of the computing cluster around Route 128, Hickey has been fascinated by technology since his youth. After graduating from the University of Notre Dame, he started working for the former telecom giant General Telephone & Electronics. In 1987, he began writing his newsletter for his friends and family. After five years it went so well that he could make a living out of his investing tips. Today, Fred Hickey lives far away from Wall Street's daily noise in Costa Rica and in Nashua, New Hampshire.
«Without participation from the FAANGs it will be difficult for the stock market to rip to new highs», says Fred Hickey. According to the renowned contrarian investor, each of the...