Lofty valuations have raised a lot of question whether investors still have faith in the fast-growing tech sector. The tech-heavy Nasdaq, which is up more than 14% this year, has been trading below its Jun 8 record close, a clear indication that investors are hesitant to push the index higher. Moreover, as stocks are no longer cheap, it will take a stronger economic rebound to make them look attractive. But, as mentioned above, the latest IMF report has poured cold water on such prospects. Play Safe with These 5 Dividend Stocks in the Second Half...
Artisan Partners Asset Management Inc (APAM - Free Report) is an investment management company. CenterPoint Energy, Inc. (CNP - Free Report) is a public utility holding company. Eversource Energy (ES - Free Report) is a utility holding company engaged in the energy delivery business. Lazard Ltd (LAZ - Free Report) is a financial advisory and asset management company. Principal Financial Group Inc (PFG - Free Report) offers a range of financial products and services, including retirement, asset management and insurance.
Source: Zacks
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