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Monday 11 December 2017

Credit Suisse: It's time to buy technology companies

News related to US tax reform has led to a serious downsizing of technology companies. And according to Jonathan Golub, an analyst at Credit Suisse, the time for purchases may have occurred.
Information becomes more and more about tax cuts, and investors now have more clarity. This led the US indices to new records, with investors shifting from technology to industrial and financial companies.
Last week we saw growth in consumer, financial and industrial companies and a decline in technology ones.
Technological companies generally outperformed the market this year, and will probably continue to do so next year, says Goleb.
Golub also pointed out that technology companies are traded at a slightly higher ratio than other companies. The cost-benefit ratio for technology companies is 19.8, while the S&P 500's is currently 18.2.

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