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Are There Any Values Left in Tech?


Much went right for the U.S. technology sector in 2020. It significantly outperformed the broader U.S. market for the year, and more than a handful of stocks saw significant price appreciation. In some cases, tech stocks were a safe haven because enterprises did not slash their software budgets during the COVID-19 pandemic. In other cases, enterprises and consumers turned to a wave of cloud, remote working, and e-commerce technologies such as Zoom (ZM), DocuSign (DOCU), Shopify (SHOP), Zscaler (ZS), and others. Software companies like Coupa (COUP) and Twilio (TWLO) prospered from strong secular growth trends despite the pandemic. Zoom was a prime example of a countercyclical name, rising over 390% in 2020. Many other stocks doubled in the year, and prices exceeded our fair value estimates. ....

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Tech stock investing strategy, EV bets: Top fund manager Kevin Landis


Firsthand Capital Management
Kevin Landis Firsthand Technology Opportunities Fund doubled its benchmark and investors money in 2020.
He told Business Insider how he finds stocks in new and rapidly developing markets that help him deliver outstanding growth.
He also explained why his main method of electric-vehicle investment is in LED-lighting maker Cree, not Tesla.
The thing that set many of 2020 s top investors apart isn t a secret. It s just Tesla.
For example, most of the best fund managers of this year counted the electric-car giant as their largest or second-largest holding. There s no shame in being on the right side of one of the most-debated stocks of modern times when the argument is settled. ....

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