Market's tech focus is 'shortsighted,' with a broader bull run coming, portfolio manager says

"You've got to start doing the work in some of these more Dow Jones type stocks — industrials or old economy stocks, to a degree — in order to find that deep value that you can find in otherwise great growth businesses, just outside in different sectors."

However, given the strong earnings trajectory demonstrated by Silicon Valley in the first quarter, he believes it is worth holding some tech stocks as part of a more diversified portfolio.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech is the 'most crowded trade' as stock market bearishness soarsTech is the 'most crowded trade' as stock-market bearishness rises to the highest levels so far this year
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market news today: Debt ceiling showdown outweighs tech rallyUS stocks trade lower as debt ceiling showdown outweighs strength in mega-cap tech
Source: BusinessInsider - 🏆 729. / 51 Read more »

Fulton Market apartment market heats up, but slowdown could be on the wayFulton Market has emerged as one of the nation’s hottest office markets, residential towers are now rising alongside its office buildings
Source: ChicagoBreaking - 🏆 521. / 51 Read more »