A handful of big tech companies have carried the market into 2023.
However, senior strategists at Bank of Montreal (BMO) do not see this narrow breadth as a serious problem.
Here are 11 stocks the company is bullish on in June.
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According to BMO Capital Markets’ top strategists, investors should not get too carried away by the weak this year stock market development get unsettled.
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The S&P 500’s 10% year-to-date gain was disproportionately driven by five technology stocks that happen to be the largest weights in the index: Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Nvidia (NVDA) and Alphabet (GOOGL). . It’s no coincidence that every company in this mega-cap quintet has some exposure to the red-hot artificial intelligence space.
BMO Capital Markets