Technology stocks were the
Speaking as a guest on
Specifically, investors are assuming the Trump administration will make good on its pledge to
Parker-Hannifin is a manufacturer of motion and control technologies and systems, which Malik touts as being a "high quality company" that should outperform.
Malik Likes Alphabet
Malik further argued the selloff in technology stocks appears to be overdone, and investors are looking to jump back into the space.
Malik stated that she is attracted to Alphabet as online media continues to take market share away from more traditional media sources. She added that the company could grow earnings per share at a rate of 20 percent and reach $50 per share in 2018, and the stock is now trading at a discount to the growth rate.
At last check, GOOG shares of Alphabet were up 2.85 percent at $757.15, while GOOGL shares were up 2.39 percent at $771.21.
|Jul 2016||JP Morgan||Maintains||Overweight|
|Apr 2016||Deutsche Bank||Maintains||Buy|
|Feb 2016||Deutsche Bank||Maintains||Buy|
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