How are the local IT companies faring as the NASDAQ surges?
The US NASDAQ has surged over 72% in under 4 years, lead by heavyweight household names Apple, Amazon, Google and Facebook – see chart 1. The emergence and domination of the mentioned 4 companies is a great illustration of why investors need to be open-minded and move with the times. Conversely, over the last 5 years, the most inherited Australian asset, BHP Billiton (BHP), have fallen by 43% as the China dream fades. From an investment perspective, Australia clearly needs to diversify away from its commodities dependency and hopefully the below 3 stocks are just the start of things to come. Firstly, let’s look at how three IT companies are faring on the Australian market: (VIEW LINK)
2 stocks mentioned
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