JP Morgan Reduces Tech Rating to Underweight

Morgan Stanley tells clients to cut tech exposure SOURCE: SEEKING ALPHA Citing elevated valuations, lack of material earnings upside, extended positioning, technicals, and trade-related risks, the team at Morgan Stanley cuts technology to Underweight. As for the S&P 500, they’re way more constructive, figuring the index could move to 2,800-$2,825 (from the current 2,760) in…
Read more