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| Name | Tech sector will 'grow into' high valuations: Strategist |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 11-06-2024 20:51:44 |
| Video Discription | Stock markets (^DJI, ^IXIC , ^GSPC) are trading lower ahead of the highly anticipated Consumer Price Index (CPI) report and the Federal Reserve's rate decision, both scheduled for release on Wednesday. Despite the uncertainty, JPMorgan Private Bank US Equity Strategist Abby Yoder remains bullish on the markets, buoyed by the tech sector's performance. Yoder notes that earnings growth has been robust, driven primarily by the tech industry's performance. She highlights that all eleven sectors exceeded expectations in the first quarter, with tech companies leading the charge through expanded margins. Despite slightly elevated valuations, Yoder expects this trend to continue, as tech companies are set to "grow into those valuations" with the influx of more positive earnings throughout the year. Regarding the potential for a broader market rally, Yoder says, "That would be a second-half phenomenon." Apart from her bullish stance on the tech sector, she remains overweight in areas such as healthcare, industrials, and consumer discretionary, all of which she anticipates will perform well. #youtube #news #stocks About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
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