Mega-cap tech stocks Apple, Amazon and Google remained underowned in Q1 – Morgan Stanley
Telegram FX Signals – Morgan Stanley analysts told investors in a note Tuesday that the tech stocks under-ownership gap widened in the first quarter.
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“While mega-cap tech stocks (AAPL, AMZN, GOOGL, META & MSFT) remained underowned vs. their S&P weighting, the underownership gap widened to 83bps exiting 1Q23 vs. -49bps in 4Q22, the first narrowing of this gap in 5 quarters,” they wrote.
For the rest of the large-cap tech stocks outside of the names mentioned above, they said the spread between institutional ownership and the S&P 500 “was +22bps exiting 1Q, relatively unchanged vs. +23bps at the end of 4Q22.”
Mega-cap tech stocks Apple, Amazon and Google remained underowned in Q1 – Morgan Stanley
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