It's time to rotate out of industrial stocks into tech, thinks S&P equity strategist Sam...


It's time to rotate out of industrial stocks into tech, thinks S&P equity strategist Sam Stovall. While industrial names are likely to be pressured by weak PMI data and other signs of global macro weakness, tech companies are expected to produce above-average 2012 and 2013 EPS growth. Moreover, they sport a PEG ratio of just 0.7, the lowest of 10 S&P industry groups. (large-cap valuations)

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  • GaltMachine
    , contributor
    Comments (2069) | Send Message
     
    Honestly if Industrials are weak for valid reasons, the idea that techs will somehow decouple from the broader economy is delusional.
    21 Jun 2012, 05:14 PM Reply Like
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