MORGAN STANLEY: Internet companies could be stuck ‘in the penalty box’ for a while — here are the corners of tech we’d rather own
04/14/2018 General World News
penalty box

  • Large internet companies like Facebook and Alphabet are under scrutiny for how their users’ data is handled.
  • Morgan Stanley’s equity strategists are among those cautious on internet stocks.
  • Instead, they’re recommending two subsectors that aren’t facing the same turmoil.

Tech companies have taken a beating in the stock market of late, but Morgan Stanley’s equity strategists are cautioning about lumping them together.

The chief concern has centered on how Cambridge Analytica used Facebook users’ data that had been gathered in a personality quiz to target US voters for the 2016 election. It’s raised concerns of more regulation on large read more >>>

Source:: BusinessInsider.Com

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