Wall Street Says Buy Tech as Geopolitical Risks Often Contained
Takeaways by Bloomberg AI
As tensions in the Middle East mounted to start the week, Wall Street strategists had a message for US equities investors: Stay calm and buy into market declines. The call looked prescient on Tuesday after President Donald Trump announced a ceasefire between Israel and Iran.
Both Paul Christopher of Wells Fargo Investment Institute and Sam Stovall of research firm CFRA suggest that long-term investors should buy information technology, communication services and financials. Dennis DeBusschere of 22V Research favors growth and momentum stocks.