Tech Up on Renewed iPhone X Optimism -- Tech Roundup

Features Dow Jones Newswires

Shares of tech companies rose amid renewed optimism about a "supercycle" for Apple's iPhone. Apple shares rose after analysts at brokerage KeyBanc boosted its rating on the computer giant, citing the potential growth from sales of the high-margin iPhone X.

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Companies with potential for high return-on-equity in the 12 months ahead, such as fast-growing tech companies Amazon.com and Nvidia, could outperform the broad market, said analysts at brokerage Goldman Sachs, in a research note.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

October 16, 2017 16:50 ET (20:50 GMT)