tech names: We're already seeing red ink spilled all over the premarket, but Meeks's forecast focuses on the lingering uncertainty of the trade war, according to Market Watch. My typical tech company is deeply embedded in a supply chain between the two nations, he told CNBC. We've also started to see a decline in the economic growth rate particularly abroad, less drastic here in the states. A near-term correction is inevitable, warns Paul Meeks, portfolio manager at Independent Solutions Wealth Management, in our call of the day. But a lot of people don't realize that tech products and services, whether that be sold to the enterprise or sold to the consumer, you know typically are cyclical. I always have my eye on my favorite tech names, and I look for opportunities to buy them on dips, he explained. Hence, Meeks is calling for a near-term drop on the tech-heavy Nasdaq Composite COMP, 0.40% of 10%, which he says should give investors a chance to sniff out some deals.
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