For Wedbush, tech sector a "tale of two cities"

Tenable Holdings

21/06/2022 18:08

** Wedbush sees a "tale of two cities in the tech world",
with consumer-facing and "WFH poster childs" facing weak demand
and enterprise cloud and cyber security companies "holding up
particularly well", according to its recent checks
    ** Brokerage maintains Microsoft  MSFT.O , Salesforce
 CRM.N  and Apple  AAPL.O  as its top picks in the tech sector 
    ** Says its favorite tech sector continues to be cyber
security, with Palo Alto  PANW.O , Zscaler  ZS.O , Tenable
 TENB.O , Fortinet  FTNT.O  and CyberArk  CYBR.O  being its top
picks 
    ** Believes tech stocks have overcorrected, especially cloud
and cyber security stocks being "way oversold at current levels"
    ** S&P 500 tech sector  .SPLRCT  down about ~27% YTD 

 (Reporting by Vansh Agarwal)
 ((Vansh.Agarwal@thomsonreuters.com;))