As the market enjoyed a multi-year surge, one sector shined the brightest of all – and that’s been tech stocks. Driven by the success of the FANGs, unicorn IPOs and overall high margins/cash generation, tech has gone on to produce serious returns over the last five years or so. Through the end of May, the tech-heavy NASDAQ Composite saw seven straight months of gains, which was a new record.
But as tech surged, the question is whether those gains will continue in the near to medium term. And given the recent slips and stumbles over the last few weeks, some analysts are pointing to a big fat “no.”
And yet, there still is a lot to like about the sector.
For investors, the decision to pause on tech isn’t an easy one.
Apple recently topped $800 billion in market cap. Find out whether you should hold Apple for the long term.