Baird Technology Strategist Ted Mortonson joins Yahoo Finance Live to discuss the slides tech stocks are experiencing, investing in the software sector, growth in major companies developing emerging technologies, and Netflix's presence in the streaming space.
Netflix (NASDAQ: NFLX) just reported that it missed subscriber estimates in the fourth quarter and its stock price was down 20% the day after the report's release. Major TV networks and other top content distributors have launched their own streaming services over the last few years. Right now, there's one platform that is leading among advertisers that want to get in front of viewers on digital platforms, and that is the leading TV operating system Roku (NASDAQ: ROKU).
ChargePoint Holdings (NYSE: CHPT), Blink Charging (NASDAQ: BLNK), EVgo (NASDAQ: EVGO), and Volta (NYSE: VLTA) were down by as much as 15.2%, 12.1%, 12.4%, and 13%, respectively. With plenty of risk factors already weighing on the market, indications that Russia could soon invade Ukrainian territory prompted investors to rapidly move out of stocks early in the day's trading.