Don’t rush into the recession trade — Wall Street pros see opportunity in tech and banks

Published On Mar 9, 2025, 9:00 AM

Wall Street professionals advise investors to view recent stock market declines, spurred by economic concerns and tariffs, as buying opportunities, particularly within technology and financial sectors. Despite fears of a recession, experts believe that significant earnings potential and ongoing demand for tech innovations remain robust. Financials, while currently underperforming, are also seen as viable investments due to favorable macroeconomic factors and attractive valuations. Major stocks like Nvidia and Microsoft are highlighted as potential growth areas during this correction phase.

Stock Forecasts

NVDA

Positive

The technology sector, particularly large-cap stocks like Nvidia and Microsoft, is seen as having strong growth potential despite recent sell-offs. Their fundamentals remain strong, suggesting that any price dips present a buying opportunity instead of a cause for panic.

XLF

Positive

Financial stocks are expected to perform well as macro conditions improve, aided by favorable regulations and valuations. Analysts believe that banks will regain traction despite current market fears, making financial stocks attractive investments now.

Related News

Wall Street is assessing the crucial monthly jobs report amid market uncertainty driven by President Donald Trump's volatile trade policy.

AVGO
MCD
NVDA
TSLA

Senate Banking Committee Chairman Tim Scott introduced a new bill known as the FIRM Act, which seeks to prevent debanking decisions related to concerns over reputational risk.

Federal Reserve Chair Jerome Powell reiterated prior guidance that the central bank is not in a hurry to cut interest rates.