Last week saw a fresh round of layoffs announced in Silicon Valley — 7,000 cuts at software giant Salesforce — as well as 18,000 cuts at Amazon.
In a single week in November, tech companies in the valley announced cuts of another 20,000.
It’s been difficult to latch onto any meaningful trend over the last year — but I believe this one is just getting started.
And I’m asking everyone to meet me on Thursday, so I can share why the Silicon Shakeout is gearing up to be the premier profit opportunity of the year.
No, I don’t plan on buying shares of these companies and trying to catch a falling knife.
Instead, I plan to use my new Shakeout Profit system to score substantial wins as these stocks continue to head lower.
The timing couldn’t be more urgent. Earnings season is about to start … and it could send these stocks into another tailspin as investors realize just how bad things were in the fourth quarter.
Regards, Michael Carr, CMT, CFTe Editor, Precision Profits
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