Past 3 years, the Information Technology (IT) & tech stocks corrected & consolidated.
Too much of fear was on street that a recession was coming in US & Europe. Which is nowhere to be seen.
We accumulated IT stocks with both hands on 2022 fall.
Most of them are up by 50-250% in just 2 years.
I think, there’s a lot of steam left in IT sector.
It was languishing for a while. With earnings growth kicking in, we may see PE re-rating too.
With interest rate cuts coming soon, I won’t be surprised to see a continuous rally on IT.
‘Holders’ of IT would be benefited.
