Market Overview

Oppenheimer's Wald On Tech: Buy IT, Sell Electronic Manufacturing

Oppenheimer's Wald On Tech: Buy IT, Sell Electronic Manufacturing
Related FB
Facebook Or Fakebook? Some Of Us Can't Tell The Difference
Artificial Intelligence, Machine Learning Could Threaten Apps
Wall Street Breakfast: Samsung Leadership In Crisis? (Seeking Alpha)
Related GOOGL
Mattel Just Poached A Top Google Executive To Lead The Toy Company
Nvidia's Machine Learning Business Seems Very Strong
Tracking Ken Fisher's Fisher Asset Management Portfolio - Q4 2016 Update (Seeking Alpha)

Ari Wald, analyst at Oppenheimer, has provided insight into the technology sector, warning, “Never short a dull market.”

Wald views the tech sector as overweight within the broader context of the S&P 500, ahead of the other eight sectors.

Within tech, Wald has further broken down the analysis by looking at the top industry to buy and sell, and highlighting a few choice names within the space.

Tech As Top Sector


When comparing the technology sector against the S&P, Wald noted that tech stocks are “slowly retracing 2000–2002 losses,” and subsequently views that as indicative of the sector being strategically positioned to “lead the S&P’s secular advance.”


When looking into the subsectors within the tech space, Wald noted that Internet software and services have been breaking out. Electronic manufacturing, however, has begun to show “cracks” below key resistance lines, and is therefore performing weaker than other subsectors within the tech space.

Related Link: What Makes Deutsche Bank Worry About Facebook's First Quarter?

Names To Buy

  • Facebook Inc (NASDAQ: FB)
  • Alphabet Inc (NASDAQ: GOOGL)
  • Verising, Inc. (NASDAQ: VRSN)
  • Yahoo! Inc. (NASDAQ: YHOO)

Names To Sell

  • TE Connectivity Ltd (NYSE: TEL)

Of those names, Oppenheimer currently covers Facebook (Outperform), Google (Outperform) and Yahoo (Outperform).

Latest Ratings for FB

Jan 2017Raymond JamesUpgradesOutperformStrong Buy
Jan 2017Aegis CapitalInitiates Coverage OnBuy
Nov 2016Wells FargoMaintainsOutperform

View More Analyst Ratings for FB
View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas News Short Ideas Technicals Top Stories Analyst Ratings Trading Ideas Best of Benzinga


Related Articles (FB + GOOGL)

View Comments and Join the Discussion!