STRETCHED TECH STOCKS LEAVE SOME INVESTORS
NEW YORK (Reuters) - As the bull market in U.S. stocks hits new highs, some investors are searching for ways to pare their exposure to the small group of technology and communications stocks that has fueled market gains for years.
The market’s most crowded individual stocks are Microsoft (MSFT.O), Amazon (AMZN.O), Facebook (FB.O), Visa (V.N) and Mastercard (MA.N), according to a recent analysis by research firm Bernstein incorporating factors such as institutional ownership and price momentum.