Source: International Business Times
Some Wall Street strategists are encouraging investors to look beyond the biggest technology winners and focus instead on companies with strong fundamentals AFP After months of an AI-driven stock market rally, some Wall Street strategists are encouraging investors to look beyond the biggest technology winners and focus instead on companies with strong fundamentals as concerns over valuations and rising spending continue to grow. Jefferies is recommending a portfolio of what it calls "quality, low-stress" stocks for the summer, arguing that market volatility has increased as investors debate whether massive investments in artificial intelligence will ultimately generate sufficient returns. The investment bank said companies with solid balance sheets, durable cash flow and relatively modest market momentum could offer a steadier alternative if enthusiasm surrounding AI stocks begins to cool, CNBC reported Tuesday.
