Neuberger Berman s Dan Flax talked Tuesday about three growth stocks in particular that he thinks are well-positioned in the long term on CNBC s Squawk Box.
Rising interest rates will be a concern for growth stocks in the near-term, but longer-term secular trends around the buildout of digital infrastructure remain healthy, Flax said.
The companies that are able to innovate and create value for customers will also create shareholder value, he told CNBC.
Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is well-positioned for long-term success, Flax said. He named core search, YouTube and the Google cloud platform as sources of strength for the company moving forward.
The SPY Was Down Today. Here s Why.
The
The
The
SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished lower by 1.39% at $342.91.
Here are the day s winners and losers from the SPY, according to data from Benzinga Pro.
Leaders for the S&P 500 were
Enphase Energy Inc (NASDAQ:ENPH),
Paypal Holdings Inc (NASDAQ:PYPL) and
Twitter Inc (NYSE:TWTR).
Hanesbrands Inc. (NYSE:HBI),
Occidental Petroleum Corporation (NYSE:OXY) and
HP Inc (NYSE:HPQ) were among the largest losers.
Elsewhere On The Street
Data analytics company
Palantir Technologies Inc. (NYSE:PLTR) is the latest public company to embrace Bitcoin. Palantir, which reported forecast-beating first-quarter revenue Tuesday and in-line earnings per share, said on its earnings call that it will accept