Analysis: Fund managers see value, cyclical stocks running further despite slow U.S. jobs recovery

  • 📰 Reuters
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

While some technology stocks got a boost Friday after a disappointing U.S. jobs report, some portfolio managers say that blow-out earnings from several large technology companies over the last few weeks are not enough to keep making outsized bets on the sector.

Instead, those fund managers say that they are continuing to rotate into value and cyclical stocks - whose fortunes are closely tied to economic conditions - in anticipation that the economic recovery will be longer and more gradual than originally anticipated.

The transition between the stay-at-home economy and a full reopening will likely take at least a year, leaving value stocks more attractive than technology shares over that time, said Barry James, a portfolio manager at James Investment Research, who remains underweight in technology.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Herve_H_Lecoq Toujours sur ton smartphone, on t’as reconnu avec ta casquette !!

United States United States Latest News, United States United States Headlines

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

Fearless Fund Is Doubling Down On Supporting Women Of Color Founders With Investment From Mastercard“It is incredibly important for large corporations to not only make verbal promises to ignite change but also actively make financial commitments that will help build a more equitable future.” लिखते रहो आएगा NaveenKumarExposedKejriwal It's boring to sit at home alone, looking for someone to spend time with
Source: Forbes - 🏆 394. / 53 Read more »