“This year they’re just getting started, but if you look at the last 52 weeks, the FANG stocks are still pretty pricey. But things like Cisco or Microsoft have just started to move in the last month, and we think they’re still selling at a pretty reasonable valuation, so we think those are very good places to be in,” Katz said.
Microsoft and Cisco have gained 6.3 percent and 5.7 percent over the past month, respectively.
MSFT (blue) and CSCO (green) 1-month chart
Katz also said investors looking to buy into a FANG stock should stay away from Amazon because of its high valuation.
want-to-bet-on-tech-better-pick-your-spots-this-cio-says
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