Goldman’s Oppenheimer Says Tech Stock Valuations Are Attractive
(Bloomberg) — The technology sector is looking increasingly attractive for investors as valuations fall below those of the wider stock market, according to Goldman Sachs Group Inc. (GS) strategists. Tech’s recent underperformance is starting to generate attractive opportunities as “its valuation, relative to expected consensus growth, has fallen below that of the global aggregate market,” the team led by Peter Oppenheimer wrote in a research note Tuesday. Any lasting shock to the global economy from the ...