US investors are taking profits in outperforming sectors such as healthcare and revisiting technology names, viewing them as a dividend play for the first time.
At the start of the year, investors were disappointed when sector leader Apple posted results which missed expectations, sending its share price down from earlier highs. Over the year to 6 August, the S&P North American Technology Sector index has underperformed the S&P 500, rising 16% versus nearly 20% from the main market. In comparison, one of the sectors that experienced a strong rally is healthcare, with the S&P North American Health Care Sector index posting a return of 29% over the year to 6 August. With this in mind, some investors have been taking profits from their ...
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