Cloudflare (NYSE:NET) and Revolve Group (NYSE:RVLV) are two tech stocks with increasing EPS estimates. Lately, tech stocks have underperformed. Taylor Dart explains why you should consider picking up these two.It’s been a volatile couple of months for the Nasdaq Composite (COMPQ), and while the indexes remain only a few percent from their highs, several former leaders are down more than 30% from their highs. Despite this sharp correction in high-growth stocks, complacency continues to sit near multi-year highs, with the equity put/call ratio residing below 0.60 for nearly three months.
This weakness in market leaders combined with a dearth of fear continues to be a red flag, suggesting that investors need to be selective if buying the dip. Fortunately, there are two names that have managed to buck the trend and continue to hold up well, despite this correction, and are worth keeping near the top of one’s shopping list. We’ll discuss these two names in more detail below:
(Source: TC2000.com)