Top of The Morning: 'Information Technology - Performance update, themes, trends and opportunities'

Summary: Today we turn our focus to the IT sector as we recap the first half of sector performance and sector related investment themes. We will cover IT spending trends, the smartphone market, positioning within the space and more. Featured is Kevin Dennean, IT & Telecom sector strategist from the UBS Chief Investment Office. As a firm providing wealth management services to clients, UBS Financial Services Inc. offers both investment advisory services and brokerage services. Investment advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate arrangements. It is important that clients understand the ways in which we conduct business and that they carefully read the agreements and disclosures that we provide to them about the products or services we offer. For more information visit our website at ubs.com/workingwithus. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA/SIPC.