Tech Up on Renewed iPhone X Optimism -- Tech Roundup

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.

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

-Rob Curran,

(END) Dow Jones Newswires

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