Microsoft, Salesforce, and Apple Remain Top Picks at Wedbush. It’s Time to Focus on Secular Winners.
- Joseph K
- Jun 21, 2022
- 1 min read
It’s been a brutal year for tech stocks as the Federal Reserve’s ambitious rate-hike plan scared investors away from the sector and heightened fears that a recession may be imminent.
Stocks betting on work-from-home plays, e-commerce, and consumer-facing technology have been especially battered as demand dries up. But that doesn’t mean the entire sector should be written off by investors, wrote Wedbush analyst Daniel Ives. Instead, the economic turmoil could be an opportunity for investors to build up their exposure to tech.
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