In a decade of extreme wealth creation in markets, few assets did more to enrich investors than stocks in the Nasdaq 100 Index. Tech stocks have been able to rally to records even as they were beset by bad news. In 2020, the sector is set for a rebound, with earnings growth predicted to come in above 10%, according to Bloomberg data. “But at the end of the day they are growth stocks, and growth stocks typically trade on earnings and investors want growth." Megacaps Apple, Microsoft, Amazon.com and Facebook collectively contributed almost half the Nasdaq 100’s gains over the past decade, according to data compiled by Bloomberg.

Source: Mint December 31, 2019 21:11 UTC