RBC Capital Markets reiterated on Tuesday that it remains overweight on the technology sector, as the recent comeback in technology stocks isThe tech sector is beginning to experience slightly positive revisions on earnings-per-share and revenue forecasts, the firm said in a note to clients, adding that the sector's relative P/E ratio is "only modestly" above average.
On Tuesday, technology stocks were among the laggards of the broader market, which typically happens during periods of higher interest rates. So far this month, the tech-heavy— Pia SinghShares of Signature Bank and SVB Financial began trading again over the counter on Tuesday, at small fractions of their previous values.SVB Financial, which has filed for
The bank said that dividend stocks, on average, outperformed the market by 4.5% during the 2001, 2008 and 2020 recessions.
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