Strategist: Tech Stocks Will Shake Off Sell-off, Strong Earnings to Act as Savior
BlockBeats News, June 23rd, Evercore ISI's Julian Emanuel stated that after experiencing a sell-off in recent weeks, mega-cap tech stocks will regain favor with investors. The sell-off has dragged down the stock prices of some of the sector's largest companies by over 10%.
“You are going to see some good earnings,” said Emanuel, Evercore's Chief Equity and Quantitative Strategist. Earnings were the driver of a “strong move higher” in April and May, and will now once again be the “sole test of truth.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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