“For tech and communication services, there was this belief that those revenue streams were impervious to the ups and downs of the economy,” said Zach Hill, head of portfolio management at Horizon Investments. “Investors have to reckon with that.”What stocks do you think could lead the market higher in 2023? Join the conversation below.
Even after tech stocks’ drawdown last year, the sector still appears pricey compared with the broader market. The stocks in the S&P 500’s information-technology sector are trading at roughly 20 times projected earnings over the next 12 months, according to FactSet. Meanwhile, the broader index has a multiple of around 17.
Two things I think. 1. If you are a LT investor, pay attention to the company performance not the share price. 2. Interest rates are like gravity forces to share prices. The higher the rates the lower the share prices
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