For the tech sector, and even the consumer discretionary sector, August has also shown massive growth of 20% and 25% respectively, according to the Wall Street Journal. $7.1 billion worth of equities were bought at the beginning of the month, with growth stocks recording their largest weekly inflow of cash since December at $2.5 billion, showcasing the rising popularity of growth investing. The S&P 500's tech sector had a forward price-to-earnings ratio of 19.1x as of this July.Īccording to a more recent Reuters report, interest in U.S.
Janasiewicz stated that the current valuations in the tech sector are some of the most attractive they've been in a long time. The main attraction comes from cheaper valuations for otherwise profitable stocks, according to Jack Janasiewicz, a lead portfolio strategist at Natixis Investment Managers Solutions. (NYSE: SHOP), which offer investors growth prospects in the tech and e-commerce sectors, are beginning to gain popularity among growth investors this year. Coming out of the 2008 economic crisis, numerous investors began considering big tech and growth champions to help their portfolios recover from the devastation of the crisis, which lead to a resurgence in growth investing. According to Forbes, the S&P 500 stock index fell by over 20% between January and July, leading to intense economic fear.
stock market plunging into bear territory, investors have typically been wary when it comes to picking up new stocks. To skip our detailed analysis of cheaply-valued stocks that are set to gain in the future, you can go directly to see the 5 Stocks That Will Skyrocket. In this article, we will be taking a look at 10 stocks that will skyrocket.