The Bullish Case For Tech Stocks: Goldman

While many investors have sold tech stocks on concerns about the sector's outlook, Goldman Sachs has undiminished enthusiasm for investing in these companies. "Investors should continue to reward secular growth as the U.S. economy slowly decelerates from its current 4% pace toward trend. Although tech sector valuations stand near cycle highs, they remain low relative to long-term history," Goldman says in its latest Weekly Kickstart report. Additionally, Goldman challenges the notion that investments in tech stocks are dangerously overcrowded. Although tech remains a hedge fund and mutual fund favorite, first quarter position filings showed that tilts in the sector are smaller now than they were in 2016 and 2017.