J.P. Morgan’s Top Communications and Data Networking Stocks for 2014

24/7 Wall St.

Cell Tower detailWe have seen a continuing trend as 2013 draws to a close. The major firms that we cover on Wall Street are almost universally bullish on technology stocks, and with good reason. Technology stocks have underperformed the overall market for the past three years. They have pristine balance sheets, low debt and dividends that are being increased at a rapid pace. If our readers do not have technology stocks in their portfolio, an end of the year review may be in order.

In a series of new research reports, Thomas Lee, the Chief Portfolio Strategist at J.P. Morgan, maintains we are in a classic bull market and that we are likely to see further double-digit gains in 2014. Technology is the least expensive sector today on a Shiller price-to-earnings basis. It also happens to be the least liked. J.P. Morgan believes that fundamentally, if investment spending can indeed rise from its…

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