Published on 27 Mar 2024 on Zacks via Yahoo Finance
Will 2024 Be a Year of 'Electric Eleven'? Tech ETFs to Gain
The tech sector has been seeing the rise and death of acronyms of giants for the past few years. First came the FAANG, then the Magnificent Seven. And then Wall Street analysts started doubting the strength of the tech sector, quickly focusing on the term "Fantastic Four" to eliminate several of the biggest laggards in 2024.
Now, Wall Street analysts are redefining the tech sector with the emergence of the "Electric Eleven," a group of companies poised for growth and innovation. Evercore ISI has coined the latest term, as indicated in a Yahoo Finance article.
Composition of the Electric Eleven