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:
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.
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