Tech, Telecom, and Media: Long-Term Opportunities Amid Software's Storm
The tech sector looks modestly undervalued overall, but we'd be selective across investment ideas.
Stock Strategist
Mentioned: CK Hutchison Holdings Ltd (00001)
, Bouygues (EN)
, Vivendi SA (VIV)
, Twenty-First Century Fox Inc (TFOXL)
, Vivendi SA (VIVHY)
, VEON Ltd (VEON)
, Guidewire Software Inc (GWRE)
, Facebook Inc (FB)
, ServiceNow Inc (NOW)
, Tableau Software Inc (DATA)
- The tech sector looks modestly undervalued to us at a price/fair value estimate ratio of 0.92, but we’d be selective across investment ideas.
- We see long-term opportunities as we sift through software's storm
- We still see the programmatic advertising wave surging.
- Even with the evolution of the television bundle, there's still plenty of profit in couch potatoes for wide-moat media firms.
- Telecom merger rumors continue to swirl in Europe, but don't get excited.
Brian Colello does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.