The legacy firms, shunned in recent years, are now viewed as offering a valuation discount.
“Stocks are now trying to move past their dependence on central bank policy,” the strategist said.
The frenzy over AI has powered a bull market across technology stocks.
Trend-following quants are rallying back on Wall Street for their best start to a year since 2008.
Companies have adjusted to higher interest rates and a tepid demand environment, the strategists said.
Small arguments about data have high stakes in this corner of finance.
Equity gains are showing signs of extending beyond just technology.
The tech giants drove the biggest gains in the S&P 500 last year.
Reddit and its shareholders plan to sell 22 million shares for $31 to $34 each.
The outflows come as Apple shares entered a technical correction this month.
The president wants to boost the tax rate for major companies from 15% to 21%.
Big tech firms will contribute a “substantial portion” of future buybacks, the firm's analysts said.
Nvidia's market value soared almost 240% last year and is already up almost 80% in 2024.
There's now some concern that Nvidia may end up a victim of its own success.
Households headed by people 18 to 39 saw the smallest gains in dollar terms.
Other money managers such as BlackRock, Wellington and T. Rowe Price have already cut jobs.
Health care, real estate, and technology are among the most attractive sectors for M&A, the bank says.
Experts advise to plan for any market drop in advance to ensure your portfolio and peace of mind stay intact.
Investors are growing suspicious of tax payments that equal less than 15% of company profits.
A rally in a stock tied to Trump Media & Technology Group has minted him a windfall.