Bank of America’s favorite internet stocks for second half
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American multinational technology company Google logo seen at Googleplex, the corporate headquarters complex of Google and its parent company Alphabet Inc.
Alex Tai | SOPA Images | LightRocket | Getty Images
It has been a disappointing first half of 2021 for tech stocks, but Bank of America is bullish on some of the biggest names in the space over the next six months.
The Nasdaq Composite has lagged the S&P 500 so far this year, and the Invesco QQQ Trust has gained about 9% — a significant cooldown from 2020.
Bank of America tech analysts Justin Post and Nat Schindler released a preview of the second half of the year on Monday, saying in a note to clients that the themes to watch for tech investors were the economic reopening, regulation and interest rates.
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