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What's wrong with top tech stocks
Three tech stocks to watch. First, IBM and Peter Garnry, Head of Equity Strategy at Saxo Bank, is negative on the stock. Although he thinks the company has a “brilliant” long term vision there's concern that the company isn't performing as well as other firms in the sector.
Now, Microsoft, although Office and Word perform well the stock appears undervalued, mainly because the company has been failing to click with the consumer. Peter is concerned that the price is lower than it should be. Rather than see that as a bargain, he worries it may be a sign of trouble ahead.
Finally, Nokia, a firm which has changed direction in the past, remember it once made tyres before switching to mobile phones. Nokia’s still making the phones but now trying to break into providing network solutions. A tough market and it faces serious Chinese competition. Profit margins are getting lower. Peter is negative on Nokia.
01:36 minutes
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