די דריי טעק סטאַקס וועט זיין גוט אין 2023

טעק סטאַקס sure have had a rough 2022 as the Fed moved to aggressively lift rates in hopes of taming record inflation. But the next year, as per a Senior Neuberger Berman analyst, could be a different story, at least for a handful of stocks in this space.

Last month, Amazon.com Inc לאָוערד its guidance for the holiday quarter. Still, Daniel Flax has reasons to believe that this tech behemoth will do well in 2023.

איר זוכט פֿאַר שנעל נייַעס, הייס עצות און מאַרק אַנאַליסיס? צייכן אַרויף פֿאַר די ינוועזז נוזלעטער.

They’re continuing to invest in Prime, more one-day delivery, more content like NFL. So, we think that’s an attractive name.

A week ago, Amazon announced its biggest layoff ever to cut costs in the midst of macro headwinds as מיר האבן דא געמאלדן.

His second pick is Apple Inc that’s likely see significant supply headwinds after געוואלדיקע פראטעסטן broke out at its key iPhone factory in China. On CNBC’s "סקוואַק קעסטל", פלאַקס האט געזאגט:

We see them executing very well on their product cycle across the phone and wearables. So, we continue to like that story.

For the year, shares of the iPhone maker are down nearly 20%.

Lastly, he’s bullish on Nvidia Corporation that’s taken a big hit on the gaming side of its business (טרעף אויס מער) due to softening consumer demand. Still, Daniel Flax noted:

As we move through 2023, the market will see their new product cycle. Ultimately, markets about looking forward and I think we get visibility on a return to growth late next year.

Note that Wall Street has a consensus “overweight” rating on the Nvidia stock.

Near-term could remain volatile

All in all, Flax agrees the near-term may remain challenging for these tech stocks as inflation is still flying high, rates are likely to remain elevated, and the possibility of a recession remains on the table.

But looking further out, these three beaten down quality names will be in recovery, he concluded.