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Goldman Sachs expects stable tech margins in FY17

Published 07/10/2017, 11:48 AM
© Reuters.  Goldman Sachs expects stable tech margins in FY17
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  • Goldman Sachs’ chief U.S. equity strategist David Kostin expects stable margins for large-cap tech stocks going into Q2, per CNBC.
  • Kostin writes in a note that the S&P 500 Information Technology sector beat consensus estimates in Q1 and analysts expect Q2 margins to fall 31 basis points. But Kostin expects FY17 margins at a stable 19.9%.
  • Goldman’s picks for top margin growths in FY17: Nvidia, Lam Research (NASDAQ:LRCX), and Qorvo.
  • Broad Tech ETFs: XLK, VGT, TECL, FTEC, IYW, ROM, RYT, QTEC, IGM, TECS, FXL, MTK, REW, JHMT, XITK, TECZ, TCHF
  • Now read: FOMO Momo Nomo


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