Tech analyst Richard Jeans talks to Proactive London about tech stocks, which so far this year have underperformed this week's rally. Jeans says this is perhaps explained by the steepening yield curve and the shift into commodity and value plays. Mining, oil and banks are up sharply over the week. For the tech industry, 2021 begins with uncertainty, given that we're still in the grip of a global pandemic and many traders are transfixed on what Biden will do economically now that Democrats have won control of the senate with expectations of higher taxes and stricter regulations. In the Small Cap space, Wandisco (LON:WAND) jumped around 15% following its optimistic trading update on Wednesday. And Seeing Machines (LON:SEE) is up 6% following news of its licencing agreement with OmniVision.
Tech in Focus: Big expectations for tech sector in 2021
Quick facts: Wandisco PLC
Price: 500 GBX
Market Cap: £263.07 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE