NewsFeeder
10-20-2018, 02:30 PM
Goldman Sachs Defends Tech Stocks,*Says Many Now Look Cheap*
Elevated valuations and crowded positioning have been blamed for the waning leadership of the market’s biggest industry, along with everything from rising bond yields to corporate earnings. The truth is, computer and software makers are cheaper than they’ve been historically, and fund managers currently hold fewer tech stocks than their representation in benchmark indexes, according to Goldman strategists led by David Kostin. “Popularity has turned into concerns of overcrowding and outperformance has turned into concerns of overvaluation, ” Kostin wrote in a note earlier this week.
https://finance.yahoo.com/news/goldman-sachs-defends-tech-stocks-160000859.html?.tsrc=rss
Elevated valuations and crowded positioning have been blamed for the waning leadership of the market’s biggest industry, along with everything from rising bond yields to corporate earnings. The truth is, computer and software makers are cheaper than they’ve been historically, and fund managers currently hold fewer tech stocks than their representation in benchmark indexes, according to Goldman strategists led by David Kostin. “Popularity has turned into concerns of overcrowding and outperformance has turned into concerns of overvaluation, ” Kostin wrote in a note earlier this week.
https://finance.yahoo.com/news/goldman-sachs-defends-tech-stocks-160000859.html?.tsrc=rss