, Columnist
Tech Stocks Are Bruised But Not Cheap
Even with recent declines, they aren’t a bargain. At least not yet.
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You may have heard technology stocks have had an ugly start to the year. But while they're battered, they still aren’t cheap.
It is true that early 2016 has been unkind to the technology market. Check out this chart of the share price to estimated earnings of the S&P 500 information technology sector index, which includes mega-to-medium companies such as Apple, Google's parent company, Intel, Red Hat, eBay and Applied Materials.