The stock market (^DJI, ^IXIC, ^GSPC) is recovering, with the technology sector (XLK) leading the way. Angelo Zino, Senior Equity Analyst at CFRA Research, appears on Catalysts to share his outlook for the technology market.
Gino noted that while tech stocks are “leading the way” in the market recovery, they remain the “worst performing sector” since the market peak in July. Semiconductors experienced the deepest sell-off but have since seen the strongest rally and recovery. Looking ahead, Gino expects “more volatility” after this surge, and he expects market volatility to continue over the next two to three months and through the election period.
He noted that tech stocks are driven by earnings, pointing out Nvidia’s (NVDA) upcoming Blackwell launch and possibly Apple’s (AAPL) iPhone 16 launch as two potential catalysts. “We think these two product launches have the potential to beat consensus expectations,” Zino said.
But he warned investors not to “expect anything extreme” from the tech sector, at least in the short term.
To learn more about expert insights and the latest market trends, click here to watch this full episode of Catalysts.
This post was written by Angel Smith