Business & Finance
Evercore’s Emanuel Says Earnings Will Rescue Tech From Selloff
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Evercore’s Emanuel Says Earnings Will Rescue Tech From Selloff Megacap technology stocks will return to investor favor following a selloff that has dragged some of the sector’s biggest names to losses of more than 10% in recent weeks, Evercore ISI’s Julian Emanuel said. “You’re gonna see good earnings,” said Emanuel, who is Evercore’s chief equity and quantitative strategist. Earnings will be “the proof of the pudding” again after driving a “furious rally” in April and May, he said Tuesday...
Evercore’s Emanuel Says Earnings Will Rescue Tech From Selloff
Megacap technology stocks will return to investor favor following a selloff that has dragged some of the sector’s biggest names to losses of more than 10% in recent weeks, Evercore ISI’s Julian Emanuel said.
“You’re gonna see good earnings,” said Emanuel, who is Evercore’s chief equity and quantitative strategist. Earnings will be “the proof of the pudding” again after driving a “furious rally” in April and May, he said Tuesday on Bloomberg Television’s Surveillance.