These tech stocks can shield your portfolio if a recession hits, trader says $XLK (via TradingNation)
"I kind of wrote this one off. I dumped it from my portfolio," he said of Intel, shares of which are down more than 1% year to date. "But we really seem to be holding the $46 mark here in Intel. So, 44 to 46 is support. Risk is very clearly defined. I think if the overall market would stabilize ... I might put [Intel] back in my portfolio.""Again, risk is very clearly defined here," he said. "It's been a very range-bound stock. But ...
Quint Tatro, managing director of advisory firm Joule Financial, wasn't sold on the idea of an imminent recession. "We're not in the recession camp, so we are actually looking at opportunities that are trading lower because many people are in that camp," he said in the same "Trading Nation" interview Thursday.
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