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Tech stocks doing well

Posted on: 11/15/2017| Source: http://www.businessinsider.com

"Tech has kept doing what it does best: expanding corporate earnings at a blistering pace. And that has alleviated concerns of a slowdown. After all, earnings growth has been proved time and time again to be the fuel that keeps the 8-1/2-year bull market running." Tech is only behind energy in the third quarter, and S&P 500 tech stocks are up 37% this year. These trends are expected to continue into the foreseeable future. Some skeptics thought the tech stocks had become overextended, but this doesn't seem to be the case.

Tech stocks have been an invaluable part of broader stock market strength in 2017, returning more than double the benchmark S&P 500. Skeptics said for months that the air would have to come out of tech stocks, which they said had gotten overextended. Tech...[Read More]
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