New all-time highs on stocks have been the average operating stance over the past couple of quarters; however, not all stocks and industries are being treated equally. Most of these returns are in the technology sector, whether for right or wrong, bringing valuations in that space to record levels that have trickled up into the broader S&P 500 index.
All this attention (and capital) headed to these select few names leaves a lot of room for others to catch up; all they need is to see their fundamentals recognized by a broader base of investors and media coverage, which makes it a matter of time before they start to outperform their peers and the market as well.
