Wedbush's Dan Ives: Don't throw in the towel on tech
Wedbush Securities managing director Dan Ives advised investors to stick with technology stocks despite the potential valuation crunch that could happen as the Federal Reserve raises interest rates."This is not the time to throw in the white towel on tech," he told CNBC on Friday.Calling the current era "a fourth industrial revolution," Ives backed such stocks as $CyberArk Software $, $Palo Alto Networks $, $Zscaler $, $NVIDIA $ and $Apple $."This is an opportunity, not the start of a downtrend
$CITY DEVELOPMENTS LIMITED(C09.SI)$I will stay away from CityDev for at least 3 mths based on july 2018 chart, where this counter dropfor a period of 3-4mths, after the announcementof cooling measures.Let funds and retailers sell all the want.