Evercore Strategist Keeps Bullish Stance on Tech Stocks

*Julian Emanuel of Evercore ISI says earnings and share prices have simply realigned in parts of the Mag 7 group during the current selloff.*

The Comment

Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, told Bloomberg he remains bullish on technology equities. He described the recent price drops as a catch-up move rather than a fundamental shift in outlook.

Prior Context

Tech shares had run ahead of results for several quarters. Emanuel’s view is that reported earnings have now narrowed that gap in the largest names, removing some of the earlier premium without changing long-term expectations.

Limited Detail

The remarks came during a video interview on 23 June 2026. No specific price targets or revised models were released in the segment. Emanuel did not name individual stocks beyond the broad Mag 7 reference.

Why it matters

Investors who treat every broad tech decline as a new bear market signal will find little support in Emanuel’s framing. The comment instead points to routine valuation compression once earnings arrive, a pattern that has repeated across prior cycles. Whether the selloff stops here depends on incoming data rather than strategist sentiment.

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Sources:

• Bloomberg Technology

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