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Tech Stocks Are Very Attractive and Very Dangerous — Wells Fargo Strategist Reveals Why

All eyes are on the tech sector as the five members of the big cap tech company group known as FAANG all announce earnings between now and August 1.

The tech sector dipped in early July with the S&P 500 Information Technology Index hitting a low on July 3 as investors worried that the tech stocks had risen too much year-to-date. But the tech sector has recovered since then as jitters have worn off.

"The tech sector is very attractive and very dangerous," chief U.S. equity strategist for Wells Fargo Funds John Manley told TheStreet.

While valuations are high right now and causing some concern, the fundamentals of the companies are what really matter, he...