A 50-year technological revolution is about to begin. These are the stocks to own, says strategist

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

A 50-year technological revolution is about to begin, so focus on software and the cloud, according to one strategist. - LAM Research $LRCX - Amazon $AMZN - Microsoft $MSFT

The European Central Bank has just added to the boatloads of pandemic stimulus out there, credited for shielding stocks and investors from bad news. But stock futures are under pressure, which could threaten yet another winning session for the S&P 500 SPX, -0.30%.

“We think that we’re in a new long-term technological revolution, which we call the age of connected intelligence…and that means we think that there’s going to be a lot of connected devices,” Neuman tells MarketWatch. Think the “Internet of Things” and lots more data being produced and processed in the cloud, and more access to that data for everyone at an affordable price.

Payments is also a key theme within connected intelligence, which means owning Visa V, -1.00% and PayPal PYPL, -0.11%. And health care is also a “good microcosm” on the theme of analyzing big data and putting it to good use, says Neuman. So the Alger team owns companies that provide material and equipment to do that, such as Thermo Fisher TMO, +0.21% or Bio-Techne TECH, -1.73%.

The chart Speaking of central bank spending, here’s a 300-year look at what’s been happening at the Bank of England:

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Better to buy robotics and other providers, actually, more upside

If its a technological revolution then we shouldn't buy Amazon or Microsoft, We should be looking for companies who will be next Amazon of Microsoft.

Tell us something we don't know.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

50 ATMs exploded in Philadelphia in attempt to steal them, money50 ATMs have exploded in and near Philadelphia since the weekend in a coordinated effort to steal them or take the money inside, authorities say. Cops that desperate for money? 13 Presents yet Doing 50 good chance the cops did it
Source: NBCNews - 🏆 10. / 86 Read more »

The 50 Most Powerful LGBTQ Players in HollywoodThe Hollywood Reporter kicks off Pride Month honoring the most powerful LGBTQ people in entertainment who are making global culture more inclusive and presenting a sweeping history of coming out in the public eye. Lavernecox QueerEye What happens to lgbtq when the police aren’t there to prevent harm? Wear a suit, theebillyporter. Nobody likes TheBigBangTheory, JimParsons.
Source: THR - 🏆 411. / 53 Read more »

Why MLB should give a 50-game season some serious considerationA 50-game baseball season would a total farce. It would also be a lot of fun. Don't care Ten is plenty for me but then I love anything that comes in 5ths. The owner’s greed will derail the season
Source: YahooNews - 🏆 380. / 59 Read more »

Kevin Hart Commends Protests Reaching All 50 States: ‘This Is POWER’“Enough is Enough. It’s time for change,” Kevin Hart said Awesome No, Mr. Hart, it is not power. Power does not involve killing, maiming, and destruction of personal property. You forgot to use the word 'peaceful' the problem is they are not
Source: people - 🏆 712. / 51 Read more »

Announcing Fast Company’s first-ever Queer 50 list
Source: Women 2.0 - 🏆 149. / 63 Read more »

This is the greatest 50-day rally in the history of the S&P 500The S&P 500 has returned 37.7% over the last 50 trading days, making it the benchmark index's largest 50-day rally in history, according to LPL Financial. I bought on the way down and have been selling on the way up. Yes, that leaves money on the table. But I don't trust this market any farther than I can pee into a hurricane. Way overvalued, highest P/E ratio in history, the highest unemployment in history, highest debt, a perfect definition of a bubble End of COVID19
Source: CNBC - 🏆 12. / 72 Read more »