First off, Meeks predicts that the big name tech stocks will once again outperform in 2018, although he does note that the market will have a bit more of a subdue return than it had in 2017. Meeks does think that key industries (think cloud computing) are strong and will continue to get stronger.
Meeks says this is due to the fact that Google and Facebook, among others, are actually still fairly reasonably priced. Meeks notes that, when you look at repetitive quarters of earning beats and the price earning ratios, both these stocks are not egregious at all.
Another company Meeks addresses is Altaba. This particular stock, when viewed through the price charts, is technically better than Alibaba. Meeks notes that Altaba has investments in Yahoo Japan– a very important company. So investing in Altaba is really a derivative play.
Finally, Meeks gives a warning to investors to stay away from Bitcoin. Though he does believe e-currency is the long-term future, right now it’s too unstable and is not a good idea.