Equinix: A Beaten Down Blue Chip Now In Bargain Territory
EQIXEquinix(EQIX) Seeking Alpha·2024-06-16 19:00

SteveLuker/iStock via Getty Images This is one of the most unique market environments that I've ever witnessed. If you look at a market heat map on most days, you'll see a few big green blobs (represented by high-flying tech stocks) while the rest of the market bleeds red. The S&P 500 is up by 13.92% on a year-to-date basis. That's great, right? Sure, if you're content owning overweight stakes in the parts of the index that are working (namely, big-tech stocks and semiconductor names that are rallying on th ...