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 Amazon.com and Nvidia, could outperform the broad market, said analysts at brokerage Goldman Sachs, in a research note.
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(END) Dow Jones Newswires
October 16, 2017 16:50 ET (20:50 GMT)