Investor Stephanie Link has opted to shift some of her gains from energy stocks into the technology sector, a move she discussed on CNBC’s “Power Lunch.” As the chief investment strategist at Hightower Advisors, Link announced her decision to sell her position in Chevron to capitalize on a substantial 35% gain. Despite her departure from Chevron, she emphasized that she retains a significant investment in oilfield services company SLB, formerly known as Schlumberger.
Link’s decision to cash in on Chevron coincided with a notable decline in oil prices, driven by a recent agreement between Iran and the United States. President Donald Trump indicated that Washington would temporarily suspend attacks on Tehran, contingent on Iran reopening the strategic Hormuz Strait. This development led to West Texas Intermediate futures plummeting over 16%, closing at $94.41 per barrel, marking the steepest drop since April 2020. Amid this backdrop, the energy sector witnessed a downturn, with Chevron’s shares falling by 4.3%.
“I made money, and I wanted to put it elsewhere,” Link stated, justifying her shift in investment strategy. While she did not disclose the specific technology stocks she has acquired, she expressed enthusiasm for the companies that are pivotal to the data center revolution. Among her favored stocks is Quanta Services, a power infrastructure provider that she believes benefits from increasing power demand and the necessity of upgrading the power grid. “They’re part of every different segment, which is why I like it so much,” she remarked, suggesting that it’s a stock worth holding onto for a decade or more. Quanta Services’ shares have surged approximately 37% thus far this year.
In addition to Quanta, Link identified Vertiv and Eaton as attractive options in the power sector, noting that they have seen their respective shares rise significantly—73% and 21%—in recent years. On the technology front, she highlighted Nvidia and Broadcom as straightforward plays, while also emphasizing the importance of other ancillary companies involved in the development of artificial intelligence. “I own a boatload of these things,” she stated, underscoring her confidence in the sector’s growth potential.
