As the Nasdaq Composite closes above the 5,000 milestone, market analysts are brushing off fears that the rally could bring a return of 2000's dot-com bubble burst, which saw the index tumble to nearly 1,000 points as internet stocks and valuations crashed.
The tech-heavy index closed at 5,008 on Monday, 40 points away from levels unseen since March of 2000.
Analysts say it's a different story this time round, with current valuation well supported by solid earnings growth. "When you look at the earnings story, tech is a huge reason why margins are as high in the U.S., which I believe is a longer-term story. These tech companies have phenomenal margins, which is a big difference compared to the bubble days," said Bill Stone, chief investment strategist at PNC Asset Management Group. He noted that current trading levels still present an attractive entry point for investors.
With that, which of these sectors do you favor?