Bloomberg Technology
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Some Tech Stocks May Lose Shine as Rates Rise: JPMorgan
Posted
August 12, 2021
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2:50Now PlayingKaren Ward, chief EMEA market strategist at JPMorgan Asset Management, says that underlying fundamentals for technology stocks are strong but some areas could lose their shine as interest rates begin to rise. "They've benefited from strong earnings which was boosted by the pandemic, but then they've had a super boost from those future earnings not being discounted at higher interest rates," Ward said Thursday on Bloomberg Television. (Source: Bloomberg)
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