Tech stocks are set to hold onto their 'all-star' status in the 2nd half of this year for 4 reasons, Wall Street strategist says
near-40% rally in the first half of the year, some investors are questioning whether now is the time to take profits and rotate into other areas of the market, or double down on the sector.as the chipmaker benefits from the increased adoption of AI technologies. With the second-quarter reporting season kicking off later this week, investors' will be trying to gauge how durable the earnings growth will be for tech companies.
"The performance by the Tech sector to-date was one for the record books. The sector posted its best first half of a year on record and is outpacing theThese are the four reasons why Raymond James expects technology stocks to retain their"all-star" status in the second half of 2023.The technology sector is about 1% below its all-time high set in December 2021.
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