Tech stocks surged in August — here is what the pros are expecting next

Tech stocks were on fire in August. The Nasdaq composite gained 5.7 percent, making it the best August since 2000, but not all experts are sure September can maintain the pace.

"In this environment where we're in, where things really look good coming out of August, I think you've got to keep your eye out on what could go wrong. A good sailor looks at the horizon and says where is the storm cloud brewing. I'm just saying I've got my eye on it," Jim Lebenthal, partner at HPM Partners told CNBC.

On Wednesday, the Nasdaq slipped as shares of Facebook, Amazon, Netflix and Alphabet all declined.


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Trading Nation is a multimedia financial news program that shows investors and traders how to use the news of the day to their advantage. This is where experts from across the financial world – including macro strategists, technical analysts, stock-pickers, and traders who specialize in options, currencies, and fixed income – come together to find the best ways to capitalize on recent developments in the market. Trading Nation: Where headlines become opportunities.

Michael Santoli

Michael Santoli joined CNBC in October 2015 as a Senior Markets Commentator, based at the network's Global Headquarters in Englewood Cliffs, N.J.  Santoli brings his extensive markets expertise to CNBC's Business Day programming, with a regular appearance on CNBC's Closing Bell (M-F, 3PM-5PM ET). In addition, he contributes to CNBC and CNBC PRO, writing regular articles and creating original digital videos.

Previously, Santoli was a Senior Columnist at Yahoo Finance, where he wrote analysis and commentary on the stock market, corporate news and the economy. He also appeared on Yahoo Finance video programs, where he offered insights on the most important business stories of the day, and was a regular contributor to CNBC and other networks.

Follow Michael Santoli on Twitter @michaelsantoli

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