One of the biggest stories for the past few years has been the incredible market leadership of the mega-cap technology stocks. Last week some of the biggest players posted massive earnings, and as usual shares exploded higher. The conundrum for investors is this: with many of these top companies trading at bloated multiples, is there enough upside remaining from current levels?
One outstanding place to look now may be at the small and mid-cap leaders in the internet and digital media arena. While they too have performed nicely, they are offering growth investors with more risk tolerance some outstanding upside potential for the rest of 2020 and beyond.
The analysts at Truist Securities, which was formed by the merger of SunTrust Robinson Humphrey and BB&T Capital Markets, are out with an update on the arena and the firm’s top stock picks there. We selected