Jul 18, 2023
Tech stocks positioned to expand sales growth: Portfolio Manager
, BNN Bloomberg
July is seasonably good for tech: Portfolio manager
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Technology stocks can provide investors with further momentum in their portfolios as some companies could triple sales growth, one portfolio manager says.
Speaking with BNN Bloomberg’s Amber Kanwar on Tuesday, Shane Obata, portfolio manager at Middlefield Capital Corporation, said July is a very good month for tech stocks and believes the strength investors are seeing within the sector is likely to continue.
“If we look forward they (tech stocks) should generate two to three times sales growth and part of this is kind of generative AI — I think there’s fundamental underpinning here” he said.
Obata recommended Broadcom Inc. (AVGO), Amazon.com Inc. (AMZN) and Palo Alto Networks (PANW) as his top three stock picks within the tech industry.
He, his family and his firm do not own of the stocks mentioned above, however, his investment banking clients do.
Check out the full video at the top of the article to learn more.
Speaking with BNN Bloomberg’s Amber Kanwar on Tuesday, Shane Obata, portfolio manager at Middlefield Capital Corporation, said July is a very good month for tech stocks and believes the strength investors are seeing within the sector is likely to continue.
“If we look forward they (tech stocks) should generate two to three times sales growth and part of this is kind of generative AI — I think there’s fundamental underpinning here” he said.
Obata recommended Broadcom Inc. (AVGO), Amazon.com Inc. (AMZN) and Palo Alto Networks (PANW) as his top three stock picks within the tech industry.
He, his family and his firm do not own of the stocks mentioned above, however, his investment banking clients do.
Check out the full video at the top of the article to learn more.
