This year's big-tech sell-offs have been 'bear traps,' says Instinet's Frank Cappelleri (via TradingNation)
"We continue to like tech. We're overweight, but we would be selective," he said. "So, we prefer software over semis right now. Software's going to be less cyclical, and one of our favorites isTepper said he favored the cloud computing giant for its "focus on making businesses more profitable and more efficient," particularly when it comes to building recurring revenue streams.
"So, as long as the Fed is patient [and] the bull market stays intact, I'd be adding to positions right now" in tech, Tepper told CNBC., which tracks technology stocks, also shed about 2%.
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