How are the local IT companies faring as the NASDAQ surges?

Nicholas Forsyth

Market Matters

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

Nicholas Forsyth
Nicholas Forsyth
Market Matters

Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment