Wells Fargo Investment Institute senior global market strategist Scott Wren is advising investors to buy technology stocks (VGT), (XLK), (IYW), (IXN) on relative weakness and pullbacks while trimming energy equities and commodities.
In an interview with CNBC, Wren explained that recent Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities
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Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights Wells Fargo views recent tech underperformance as a buying opportunity and expects strong future earnings growth driven by technology and benefits from the AI theme. Falling energy prices have accelerated the shift from energy to tech, leading to trimming of energy and commodity exposures and reallocation towards technology equities. Broader participation, new highs in the Russell 2000 and equal-weighted S&P 500, and decent economic growth suggest healthy market breadth and no major top forming