Trump rally: Big tech not invited

As the Dow set new records, Apple and the others took a beating.

From Investor's Business Daily:

There appears to be a sector rotation, with bank, drug, defense and basic material stocks soaring on the upcoming Trump administration. Meanwhile, investors are pulling out of defensive sectors such as consumer products and tobacco. They're also taking profits on the big-cap techs, though they are off session lows.

One Comment

  1. Fred Stein said:
    Trumps reckless broadsides against Apple and others in tech worry me and likely others. Apple and Microsoft as well, are priced such that share buybacks have strong positive ROI; And both have cash to cover large buybacks.They pay decent dividends, which they can increase for years.
    Other hot tech stocks, have weak downside protection, and no dividend to reward long term holders.

    November 10, 2016

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