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Analysis: Fund managers see value, cyclical stocks running further despite slow U.S. jobs recovery
05/07/2021 | 07:06pm EDT
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NEW YORK (Reuters) - While some technology stocks got a boost Friday after a disappointing U.S. jobs report, some portfolio managers say that blow-out earnings from several large technology companies over the last few weeks are not enough to keep making outsized bets on the sector.
Instead, those fund managers say that they are continuing to rotate into value and cyclical stocks - whose fortunes are closely tied to economic conditions - in anticipation that the economic recovery will be longer and more gradual than originally anticipated.
Analysis: Fund managers see value, cyclical stocks running further despite slow U.S. jobs recovery marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.