FYI: Tom Ognar isn’t used to having to explain his big bet on tech stocks like this.
After all, the portfolio manager of the $4.5 billion Wells Fargo Growth Fund beat 93 percent of peers over the past year by piling into Amazon.com Inc. and Google’s parent Alphabet Inc. But between Facebook Inc.’s privacy scandal and the back-to-back fatal crashes at Uber Technologies Inc. and Tesla Inc., the tech-sector doubters are suddenly speaking out as one stock after another slides.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-03-28/in-precarious-moment-for-tech-stocks-are-still-finding-friends
