The Zacks Analyst Blog Highlights: Amkor, Plexus, CACI, CDW And NIC
Zacks Investment Research | Dec 22, 2019 11:14PM ET
For Immediate Release
Chicago, IL –December 23, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amkor Technology (NASDAQ:AMKR) , Plexus (NASDAQ:PLXS) , CACI International (NYSE:CACI) , CDW Corporation (NASDAQ:CDW) and NIC (NASDAQ:EGOV) .
Here are highlights from Friday’s Analyst Blog:
5 Top-Notch Technology Stocks Set to Beat the Nasdaq in 2020
The tech-laden Nasdaq Composite has been one of the top-performing indices in 2019, with more than 33% return as of Dec 19.
Tech’s outperformance has been the major driver despite uncertainties surrounding the U.S.-China trade tiff, concerns over slowing global economic growth, the Brexit impasse and other geopolitical concerns.
Markedly, the Select Sector SPDR Technology ETF has gained 47.7% year to date compared with the S&P 500 composite’s rally of 26.1%.
We note that robust adoption of cloud computing solutions amid ongoing digital transformation of enterprises, driven by growing use of AI and ML technologies, has been driving technology stocks this year.
Tech Sector Looks Strong Heading Into 2020
Notably, the technology sector is expected to commence 2020 on an encouraging note, following a favorable trade deal and recovery in the chip market, among other factors.
Completion of the phase one deal between the United States and China should improve business sentiments. This is expected to serve as a fundamental catalyst for technology stocks moving into 2020. Equity markets are expected to move higher owing to the deal, which would better position the global economy for growth next year.
Moreover, global chip and semiconductor market is expected to recover in 2020.The World Semiconductor Trade Statistics indicated that the Zacks Investment Research
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