1276 days ago • Posted by Charles-Henry Monchau
Wedbush expects Tech stocks to surge another 15% as election results seem likely to ease regulation risk
Tech stocks are thriving on expectations for a divided government in 2021. Wedbush analyst Dan Ives thinks the sector can rally another 10% to 15% by 2021. A Biden presidency and Republican-controlled Senate is the "Goldilocks election outcome" for tech names, Ives said. A divided government would likely block Democrats' efforts to more strictly regulate tech giants. A Biden administration would take a softer tone to trade relations with China and ease pressures for tech stocks operating in both countries, Ives said - source: Markets Insider
