Here's why already red-hot tech juggernauts will keep climbing through the election, according to Goldman's US equity chief
David Kostin told CNBC on Tuesday that technology will continue to grow and remain strong in the long term.
The Goldman Sachs US equity chief also said cyclicals will benefit in the near term. But he said:"The fundamental argument of where the growth is happening still is in technology." David Kostin told CNBC on Tuesday that technology will continue to grow and the"fundamental argument of where the growth is happening still is in technology."
Kostin explained that one of the reasons for this view is the high growth potential technology stocks have in a recovery. While in the near term Kostin expects cyclical stocks, financials, and industrials to be"beneficiaries," in the longer term"is still where you get better growth out of technology.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Goldman Sachs chief equity strategist says tech is still the best long-term betNew for subscribers: Goldman Sachs chief equity strategist says tech is still the best long-term bet Check out CNBCPro for a free trial.
Weiterlesen »
Here’s Why Red Ants Are So Much Worse Than Black Ants, According to ExpertsWhat’s the Difference Between Red Ants and Black Ants? Pest Experts Explain
Weiterlesen »
Retired NYPD chief sues department over alleged 'glass ceiling' for female officersA 'glass ceiling' keeps women from climbing to the highest ranks of the nation's largest police force, a retired NYPD chief alleges in a new lawsuit.
Weiterlesen »
Dow climbs 358 points as Trump stimulus orders offset China tensions | Markets InsiderUS stocks climbed on Monday as investors digested President Donald Trump's weekend stimulus orders against China tensions and new coronavirus ca...
Weiterlesen »
Fitbit's chief marketing officer quietly departed the company in May - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Beautycounter Is Launching Lip Gloss With Ethically Sourced VanillaThe brand did its homework on what 'ethically sourced vanilla' really means — and you may be surprised by what it found.
Weiterlesen »