Rising interest rates were fending investors off technology stocks and into value. Instead, she's about identifying companies across various sectors that are embracing digitization to improve productivity in a tight labor market, where job openings outnumber available workers. "In a tight labor market historically, technology spending goes up and technology stocks outperformed," Tengler said. When Tengler bets on pure technology stocks, they must also have strong balance sheets. She's confident that these companies will be able to deliver strong earnings growth in a slowing economic environment.

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Persons: Nancy Tengler, Jerome Powell, Tengler, Tengler wasn't, There's Organizations: Nasdaq, Federal Reserve, Laffer, Investments, Meta, Nvidia, Storage, Chipotle, Honeywell, Bureau of Labor Statistics, Broadcom, Palo Alto Networks, Microsoft Locations: Palo