The rally in tech stocks isn't going away anytime soon. Neither is the Amazon.com Inc. (AMZN) effect. 

"Technology along with internet retail (TECH+) is our favorite sector," Credit Suisse wrote in a Dec. 21 note. Analysts said the space will continue to thrive well into 2018.

The Technology Select Sector SPDR ETF (XLK) has pushed higher 32% in the last year.

Fundamentals in the sector remain strong, analysts noted, given its exposure to "secular growth themes." Over the past two decades, stock price volatility and sensitivity to economic trends has simmered down in the tech sector.

"Additionally, TECH+ only trades at two multiple points above the S&P 500 Index despite exhibiting greater profitability and lower leverage than the market," Credit Suisse wrote.

Furthermore, financials are expected to outperform the broader market as global economies continue slow but steady expansion, Credit Suisse said. Deregulation will further foster growth in the sector. "Conversely, bond proxies will likely underperform giving uninspiring fundamentals and their propensity to lag in periods of rising yields," analysts wrote.

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