"It's Going To Be a Gradual Improvement"

S&P's Research Director Ken Shea sees basic materials, consumer cyclicals, energy, and utilities doing best as the economy gathers strength

It is premature to return to tech stocks in the absence of any sign of a revival in spending on information technology, according to Kenneth Shea, vice-president and director of Standard & Poor's Equity Research & Services. Shea says S&P currently advises overweighting portfolios in four sectors -- basic materials, consumer cyclicals, energy, and utilities -- and continuing to "underweight" tech.

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