What Are the Best Undervalued Tech Stocks for 2023?

TL;DR

Jason Calacanis suggests looking for undervalued tech stocks instead of established giants like Apple and Microsoft. He highlights companies like Slack and Disney as potential opportunities, emphasizing their significant future growth potential despite current valuations. Calacanis warns investors to exercise caution, especially with new entrants lacking market products.

Transcript

salesforce apple microsoft you know they've all led the dow higher this year but could it be time to trade out some of those big tech names for some lesser-known gems angel investor inside.com founder jason calikanis joins us this morning talk about basically jason you're talking about building a new fang it's good to see you good to see you as wel... Read More

Key Insights

• 💄 The market is uncertain, making it challenging to find value in public equities.
• ❓ Slack and Peloton are considered transcendent products, but their stocks may be fully valued.
• 🧑‍🚒 Leadership failure in testing and tracing technologies hinders the fight against COVID-19.
• ❓ Undervalued opportunities could be found in companies like Disney and Slack.
• 🛩️ Caution is necessary when investing in smaller companies before they have a product in the market.
• 👾 Rapid testing and tracing technologies can be game-changers in the fight against the pandemic.
• ❓ Failure of leadership in testing and tracing technologies is a significant setback in addressing the crisis.

Questions & Answers

Q: What makes companies like Slack and Peloton highly valued?

Slack is considered mission critical for work productivity, disrupting traditional ways of communication. Peloton offers a transcendent product that surpasses traditional exercise equipment.

Q: Are there any undervalued stocks?

Jason Calikanis believes that everything in the market is fully valued or overvalued due to high price-to-earnings ratios. However, he suggests that Disney and Slack might be undervalued opportunities.

Q: What can be learned from the failure of leadership in testing and tracing technologies?

The absence of a federal app for testing and tracing is considered a complete failure of leadership. Creating such an app could have a significant impact on solving the COVID-19 crisis.

Q: Are there any risks associated with investing in smaller, lesser-known companies?

It's essential to exercise caution when evaluating products and investing in companies before they have a product in the market. Scrutinizing founders and considering their track record is crucial.

Summary & Key Takeaways

• The public markets are enthusiastic, but uncertainty makes it challenging to find value.

• Companies like Slack, Peloton, Zoom, and Uber have experienced massive acceleration but may already be fully valued.

• Leadership failure in testing and tracing technologies presents challenges for solving the COVID-19 crisis.