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RTT Rcm Tech.

509.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
RCM Technology Investors - RTT

RCM Technology Investors - RTT

Share Name Share Symbol Market Stock Type
Rcm Tech. RTT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 509.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
509.50
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Posted at 28/5/2014 13:49 by collectivefriction
Tech Stocks lead the bounce back in the US


Nasdaq Nears 13-Year High as Technology Becomes Loved



Technology stocks are back.

A four-day rally in the Nasdaq 100 Index has pulled the gauge within 0.1 percent from erasing a 7.5 percent selloff from earlier this year. Exchange-traded funds that buy computer and software shares absorbed $1.1 billion of fresh cash last week, more than any other industry tracked by Bloomberg. That's a reversal from earlier in 2014 when investors were taking money out of the ETFs..........

......."Looking at the economy, one of the most compelling secular growth stories is technology and that's not going to change," Kevin Divney, chief investment officer at Beaconcrest Capital Management said in a phone interview from Boston. "As some of the high-flying tech companies with higher valuations were down 10 to 20 percent over the past six weeks, investors are going to start to see value."

.............Technology shares need earnings to improve to sustain gains, according to James W. Gaul, a portfolio manager at Boston Advisors LLC, which oversees about $2.7 billion from Boston. Apple, Microsoft Corp and IBM are forecast to increase profit by 8.7 percent on average next year, data compiled by Bloomberg show. That compares with 12.3 percent for estimated growth in the overall industry.

......."The general view on some of the old, larger tech names is that growth is slowing pretty substantially," Gaul said by phone last week. "It's going to be some of the smaller names that have more exciting products and actually have meaningful growth over the longer term."....

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