Large-cap tech on the rise in 2025: Portfolio Manager
Stocks are on the rise, set to break the longest losing streak since April 2024. Keith Gangl, Gradient Investments portfolio manager, joins Brad Smith on Wealth to weigh in on the market and share his outlook for tech in 2025. Gangl is particularly bullish on large-cap tech and sees it accelerating throughout the year. "The fundamentals are still solid, the growth rates are there, valuations are very reasonable,” he explains. He points out that these companies are growing at 15 to 20%, well above the broader market's growth rate of 10%, and have valuations that are above market multiples. Gangl offers Amazon specifically as one of his top picks. "We like the fact that it's half consumer business ... but we also like the AWS business, which is their big tech; that's a play on AI as well." To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Josh Lynch