Strategist: Tech Stocks Will Shake Off Sell-off, Strong Earnings to Act as Savior

BlockBeats News, June 23rd, Evercore ISI's Julian Emanuel stated that after experiencing a sell-off in recent weeks, mega-cap tech stocks will regain favor with investors. The sell-off has dragged down the stock prices of some of the sector's largest companies by over 10%.

“You are going to see some good earnings,” said Emanuel, Evercore's Chief Equity and Quantitative Strategist. Earnings were the driver of a “strong move higher” in April and May, and will now once again be the “sole test of truth.”