Keep Calm and Buy – Data Center Stocks are On Sale (FB)
DCK Investor Edge: The broad selloff in US equities this past Friday and Monday erased January’s sizeable gains enjoyed by the DOW 30 and S&P 500. As of Tuesday afternoon, the five data center REITs: CoreSite Realty, CyrusOne, Digital Realty, Equinix, and QTS Realty were down an average of -8.75 percent. If you add the newly public Switch to the mix, the performance on average drops down to -10.1 percent. This selloff has created an opportunity to initiate a position in these data center providers or add to existing holdings. The way to take advantage in 2018 is to buy at these lower valuations.