Tech Stocks That Overpromise and Underdeliver: 3 Names to Avoid

Technology stocks continue to outperform and power the market higher. So far in 2024, the Nasdaq Composite index that is laden with tech securities is up 15%, bringing its 12-month gain to 30%. That’s ahead of both the benchmark S&P 500 index and the blue-chip Dow Jones Industrial Average. But while the sector as a whole continues to outperform, there are several overhyped tech stocks that are lagging behind.The main reason why some tech stocks are in the red while the rest of the market is in the green is ...