24 June | S&P 500

Wall Street strategists recommend investors buy shares of tech and financial companies

Wall Street strategists recommend investors buy shares of tech and financial companies

Amid rising geopolitical tensions at the beginning of the week, strategists from major investment firms urged investors to stay calm and view the market downturn as a buying opportunity. In particular, analysts from Wells Fargo Investment Institute, CFRA, and 22V Research recommend focusing on long-term prospects and paying attention to the information technology, communication services, and financial sectors.

Experts believe that the current situation will not have a significant impact on stock indices. They argue that companies in the technology sector have strong balance sheets and high cash reserves, making them attractive even in risky conditions.

Barclays also emphasizes the market's ability to adapt to such challenges in the past and expects similar behavior now. The S&P 500 has already shown signs of recovery after a slight decline, supported by growth in the tech sector. However, some specialists, like Joe Gilbert from Integrity Asset Management, point to the potential risk of high valuations among tech companies, suggesting that investors consider more undervalued sectors, such as finance and manufacturing.

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