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Why These Tech Stocks Are Sitting Pretty Right Now

09.18.2020

The major technology stocks have been in a washing machine market cycle lately — up one day and down the next. The tech-centric NASDAQ hit a new high on September 2, but then fell off in following days as investors pondered sky-high valuations for big names like Tesla (TSLA), which currently has a stratospheric price-to-earnings ratio of 1,118!

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