tech stocks to fly with new lockdown in Ontario

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hi

Ontario is excited about a further lockdown..which will make all tsx tech stocks fly..do you recommend any besides those on the bull list and other lists here
thanks

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Asked on January 11, 2021 11:24 am
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Hi there,

Just because they 'flew' during the last lockdown, does not mean they will fly again. Many tech companies are still trading near all-time high valuations and aren't cheap. In my opinion, 2020 was an aberration and the BIG gains we saw in many areas are unlikely to be replicated in 2021. Doesn't mean the stock market won't go up, but I don't think you will see tech stocks fly to the umpteenth degree like they did last year.

Invest for the long term, and these short term fluctuations won't mean much in the grand scheme of things. Personally, I like GIB.A, CTS, AT, BBTV and PVT as non-Bull list stocks. Not a recommendation, but worthy of some due diligence. Of note, I am long GIB.A and PVT.

Mat

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Posted by Mathieu Litalien
Answered on January 11, 2021 2:19 pm