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You've heard all about the FANG stocks, but the BAIT stocks are going to be some of the hottest investments in 2019.
And it's no surprise why.
Just look at how badly the FANGs have gotten beat up lately.
Since these have been some of the most popular and biggest tech stocks on the market, they've weighed down entire indexes. The S&P 500 is down 10% – market correction territory – since the start of October.
But there's a new breed of tech stocks that we believe are flying under the radar despite their enormous profit potential…
The FANG Stocks Didn't Have a Great October
The FANG companies have excellent fundamentals, and their stocks climbed as sales and earnings soared. But the hype surrounding these companies pushed their share prices to exorbitant levels.
Now that companies like Apple are projecting slower (but still healthy) growth, some investors are cashing out and waiting for a new entry point to emerge.
The $10 Company at the Center of a Revolution: It's inked four deals with huge players in its sector, and it's holding the keys to a potential global product. Click here to learn more…
But you don't have to sit and wait – some of the best tech stocks are sitting at bargain prices right now.
Money Morning Chief Investment Strategist Keith Fitz-Gerald says investors should look for solid companies that have these characteristics:
- Strong growth prospects without much exposure to trade tariffs.
- Robust cash generation.
- Share prices below peak highs.
The FANGs might not meet these criteria right now, but others do. That's especially true if you look toward China.
China is the second-largest global economy behind the United States, but it will soon be the largest economy in the world.
And China's tech giants are dominating their respective markets, making them lucrative buys.
We're calling these the BAIT stocks, and they offer extreme upside for those who buy in now. Wall Street analysts are giving them one-year price targets, implying gains of up to 80%.
That's spectacular potential, and they can all be purchased on American stock exchanges…