Stocks are a stone's throw away from retesting the January 2018 highs.

Why?

Stock buybacks.

That's the assessment from Kevin Kelly, CEO of Benchmark Investments.

He's bullish on the technology sector for the second half of 2018, as Amazon (AMZN) , Alphabet (GOOGL) and Apple (AAPL) are poised to benefit from the holiday shopping season.

 

More from Video

Constellation Brands COO Discusses Investing in Canopy Growth

Constellation Brands COO Discusses Investing in Canopy Growth

Bank And Tech Earnings: What to Watch For

Bank And Tech Earnings: What to Watch For

Nvidia 'Is Going to Miss the Quarter,' Jim Cramer Says

Nvidia 'Is Going to Miss the Quarter,' Jim Cramer Says

From Catalogs to Catastrophe: A Sears Timeline

From Catalogs to Catastrophe: A Sears Timeline

Jim Cramer's Candid Investing Advice: "How I Approach Any Stock"

Jim Cramer's Candid Investing Advice: "How I Approach Any Stock"