Thomson Reuters
- Technology stocks have been a beacon of strength in the stock market for much of the 8 1/2-year equity bull market, and a big driver has been internet companies.
- Morgan Stanley has picked six internet stocks that it says will make good investments in 2018.
In 2017, making money investing in tech stocks was an easy proposition.
The S&P 500 Information Technology Index surged 37%, outpacing the next-closest sector by 15 percentage points and nearly doubling the return for the benchmark. Out of the 68 companies in the group, a whopping 61 posted a positive return for the year. It was a veritable bonanza of stock gains.
But what about 2018? With stock-picking conditions the ripest they've been since the tech bubble, there are still plenty of money-making opportunities in the industry.
Morgan Stanley analyst Brian Nowak has put together stock recommendations for the internet sector specifically, weighing a multitude of factors to arrive at six that he thinks could outperform in 2018.
Without further ado, here are those stocks, with an explanation of why Morgan Stanley likes them so much: