Stocks across the industry, from hardware to software, have outperformed the market by miles this year as the COVID-19 crisis accelerates reliance on the internet for commerce.
“In contrast to the dot-com bubble, the current rally has been supported by strong earnings delivery,” J.P. Morgan’s equity strategists said in a note on Monday, saying they are sticking with an “overweight” recommendation on the sector. “In addition to resilient earnings growth, tech has healthy balance sheets and strong cash flow generation, again in contrast to the 2000 episode.”
The MSCI World Information Technology index .MIWO0IT00PUS is up 27% this year compared with a 1.5% rise in global stocks .MIWO00000PUS.
Neda sa zastavit ! Nabere rychlost ! Lubos
InfinitusCap
His base alone can’t win him the election! There is more of us non cult members than cult members! He’s not intelligent at all!!
RT : Tech rally has further to run, J.P. Morgan says
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