”Skydda portföljen med tech – Apple toppval”
Oväntat nog ses techaktier som en tillflyktsort i bankturbulensen. Analytiker på Wedbush listar en rad bolag, inom bland annat molntjänster och cybersäkerhet, som kan erbjuda skydd åt investerare, skriver Barron’s.
Apple ses som toppvalet i techsekorn 2023, medan Tesla är analyshusets favorit bland disruptiva bolag.
Barron'sTech Is the New Haven, Say Analysts. These Stocks Offer Shelter From Bank Turmoil.
Banking turmoil could send investors to an unexpected but familiar haven.
Tech stocks are acting as a “safety blanket” trade which could have further to run, according to analysts at Wedbush.
Wedbush is backing the beaten-down tech sector to benefit from expectations the Federal Reserve will be forced to rein in its rate-hiking cycle, and improved financials after efforts to cut costs, including mass layoffs.
“Large-cap tech and subsectors such as cloud and cybersecurity are seeing much more resilient growth than the Street had anticipated. While budgets are under pressure across the board, enterprises have green lighted projects and deployments in 2023 with many budgets now in place,” Wedbush analysts led by Daniel Ives wrote in a research note on Monday.
”Tesla remains our favorite disruptive tech name”
Cybersecurity stocks such as Palo Alto Networks (ticker: PANW), Check Point Software Technologies (CHKP), CyberArk Software (CYBR), Tenable Holdings (TENB), Zscaler (ZS), and CrowdStrike Holdings (CRWD) remain Wedbush favorites, while its top cloud picks are Microsoft (MSFT), Datadog (DDOG), MongoDB (MDB) and Salesforce (CRM).
“Apple (AAPL) firmly remains our top tech pick for 2023. Tesla (TSLA) remains our favorite disruptive tech name,” Ives wrote.
Tech stocks looked mixed on Monday. Tesla was down 0.6% in premarket trading, while Apple was flat. The Technology Select Sector SPDR ETF (XLK) –a big winner last week– was down 0.3%.
Not all analysts are keen on using U.S. technology stocks as a safe-haven play. Analysts at UBS said that U.S. stocks were their least preferred among equity markets, citing the economic risks of the Federal Reserve’s battle to contain inflation.
“We prefer emerging market stocks, where valuations are lower than in the U.S. and as China’s reopening offers support. At a sector level, we like global consumer staples, where relative earnings momentum is positive and strengthening,” the UBS analysts wrote. “We also favor strategies that switch direct equity exposure into capital preservation strategies.”