Virtual reality, artificial intelligence, autonomous driving and drones are a few of the major trends for consumers and businesses in 2016. These technologies are expected to help companies thrive in 2016; however, the technology sector has had a slow start to the year. Broader global challenges have the Dow Jones Industrial Average down 5.88% for the year with all of its technology stocks also lower year-to-date. Intel (INTC, Financial), Apple (AAPL, Financial), Cisco (CSCO, Financial), Microsoft (MSFT, Financial) and IBM (IBM, Financial) are all down more than 3% for the year.
Despite the year’s slow start, analysts have high expectations for the sector. In a recent interview with CNBC, Alex Gauna of JMP Securities discussed his outlook on the technology sector and some of the companies he is favoring in the new year.
