CIO Matthew Peron Talks to CNBC About Tech Rally
October 15, 2019
Matthew Peron, chief investment officer at City National Rochdale, was a guest on CNBC's Squawk Alley, talking tech as the sector leads the current market rally.
"There is a good growth path for a lot of these names," Person said about tech companies and the tech leaders known as the FAANGs (Facebook, Amazon, Apple, Netflix and Google). "It will be more selective than it has been in the past. Focus on the innovators, the ones that are delivering value both to the consumer or to the business’ end market as well as to shareholders. I think the market is going to be more discerning about that going forward."