Here's Why Apple, Intel, Microsoft and Cisco Will be Tech Winners in 2017

The repatriation of foreign earnings, which could happen under a Trump Administration, will benefit big tech company stocks like Apple and Intel.
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Apple (AAPL) - Get Report , Cisco (CSCO) - Get Report , Microsoft (MSFT) - Get Report  and Intel (INTC) - Get Report  will be winners in the technology space in 2017, according to Scott Kessler, an equity analyst with CFRA.  Kessler believes a big theme next year will be the repatriation of foreign earnings, which may lead to additional domestic development, stock buybacks, and dividend increases. He adds one potential loser is Accenture (ACN) - Get Report , since it holds only a quarter of its revenue overseas. Kessler notes the ten largest technology sector companies in the S&P by market cap had $709 billion in cash and investments as of late November, and 74% of that was held overseas.