Performance of tech stocks to improve in 2006
Tuesday, December 27, 2005 9:47:40 AM ET
Barrington Research
NEW YORK, December 27 (newratings.com) - Analyst Alexander P Paris of Barrington Research believes that the performance of tech stocks would improve during 2006, driven by M&A deals.
In a research note published this morning, the analyst mentions that the performance of tech stocks during last week was supported by merger and acquisition (M&A) deals, including that of IBM and Seagate. The analyst believes that M&A activity would remain high during 2006, since cash-rich companies are expected to be more aggressive in terms of M&A. Growth stocks are likely to outperform value stocks during 2006, Barrington Research adds.