May 21, 2021
Tech has been hit hard the past two weeks over rising inflation concerns and what that means for companies with other cash flows. The tech companies that could turn it around for the rest of the market are Apple, Cisco Systems Inc, Snowflake Inc, and Analog Devices Inc. Apple is planning a bombshell drop for music that some might speculate could be higher quality audio or Dolby Atmos in AirPods. Cisco is on an acquisition spree, which includes plans to adopt Kenna Security which specializes in risk-based vulnerability management. Snowflake is a cloud data platform and recently got a big buy signal from Goldman Sachs and has had a string of good financial figures. Analog’s acquisition of Maxim has been approved and the company plans to boost automotive and 5G chip manufacturing.
FINSUM + Magnifi: Picking tech winners has been challenging as of late but strong fundamentals and smart acquisitions could be key to understanding what’s going to happen in the short run.
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