Newton’s bottom line, however, was unwavering. “Until you start to see meaningful weakness, it’s still going to be right to stick with these stocks. It’s just not enough to suggest that getting out of the group as a whole makes a whole lot of sense right now,” he said. “Really, until the group violates September lows, one still wants to be in them.” Schlossberg, who is managing director of FX strategy at BK Asset Management, said all three tech juggernauts “should continue to dominate in the near term.” “In a digital economy, the companies that have economies of scale, they’re all rewarded, and every one of these companies has huge economies of scale,” Schlossberg said.
Link: Stick with winners Apple, Amazon, Microsoft as they drive the market to records, two traders say
via http://www.cnbc.com
