Is the Great Tech Growth Story Over?

Andrew Giovinazzi

Yo, Pit Crazies,

First off today, you don’t need to be long or short when you can be both in this crazy market.

Now …

Alphabet Inc. (Ticker: GOOGL) earnings came out after the close Tuesday and they were not great.

Is it really a surprise that people are getting back to their lives after spending too much time indoors?

Snap Inc. (Ticker: SNAP) was the bellwether, funny enough, as revenue suffered. To be honest, I don’t think this bodes well for Apple Inc (Ticker: AAPL) either.

For now, this is a value market, not a growth market. As much as I love growth stocks, it will take a while for the big ones to find new sources of income.

So if the growth ain’t growing, you gotta find what is paying.

Folks Are Looking for Other Avenues

GOOGL might also be suffering for throttling content.

With a business that big with margins that big, competitors come out of nowhere and users are getting worried about the Big Tech influence outside of their immediate realms.

That is why I am looking at Verizon Inc. (Ticker: VZ) and AT&T for the Option Pit Mentoring Div+ strategy.

Most of the growth stocks are going through multiple compression. It is not that they don’t sell, just slowing rates of growth as they get big.

These stocks have already gotten compressed and the dividend looks secure. (Plus, people are not giving up their phones.)