Wall Street is firing a warning shot on red-hot tech stocks, and many investors don’t see it coming
|06/12/2018||Posted by BusinessMediaguide.Com under General World News||
- Analysts expect the pace of earnings growth in the technology sector to decelerate this year and into 2019.
- That’s a key reason why the sector could soon underperform the broader stock market, said Citi’s equity strategists.
- “Analysts’ forecasts may be too low, but if they are in the right ballpark, such patterns may be disappointing to very long investors,” Tobias Levkovich, Citi’s chief US equity strategist, said in a note.
Don’t panic now, but the red-hot tech stocks that have underpinned the market’s gains could be in for a slowdown.
That’s according to Tobias Levkovich, the chief equity strategist read more >>>