Tech Stocks Become Wall Street Darlings Again

(TheStreet) -- Are technology stocks the darlings of Wall Street again a decade after the dot-com bubble burst? If analysts' recommendations are a guide, the answer is "yes." Apple AAPL, Google GOOG and other tech stocks are the most adored by Wall Street analysts. Based on recommendations from researchers, they take the top five ranks with no fewer than 35 "buy" ratings each. While many have a larger number of analysts following them, tech still ranks higher than energy names such as Halliburton HAL and Schlumberger SLB. Many of the top-ranked stocks earned their "buy" ratings after showing sustained growth in revenue and earnings over the past few quarters. But tech stocks have also become favored recently as mergers and initial public offerings are announced at a breakneck pace. According to Renaissance Capital's IPO Home, there have been 19 technology IPOs this year, the most of any sector. Continue reading the article.