Markets

Goldman’s global stock chief says tech investors should expand beyond the usual mega-cap favourites and focus on these 3 specific areas

Peter Oppenheimer — the chief global equity strategist at Goldman Sachs — said in a Bloomberg interview that investors should diversify out of popular mega-cap tech names and consider three new areas within the sector: medical tech, educational tech, and environmental tech. He said that the new bull market we’re […]
Goldman’s global stock chief says tech investors should expand beyond the usual mega-cap favourites and focus on these 3 specific areas
Markets

A top market expert says stocks won’t suffer any ‘significant’ drops from here as ‘strong secular growth story’ carries on

Seema Shah of Principal Global Investors said she doesn’t expect any “significant” drops in the market from here as a secular growth story with technology companies develops. The chief strategist told Bloomberg that the market won’t come “tumbling down from here” because a “fundamental core” of the reliance on technology […]
A top market expert says stocks won’t suffer any ‘significant’ drops from here as ‘strong secular growth story’ carries on
Markets

Apple sheds 8% in worst day of trading since late March

Summary List Placement Apple shed as much as 8% on Thursday in its worst day of trading since late March. The technology company has shed nearly 9% since Tuesday. On Monday, Apple’s 4-for-1 stock split went into effect. Watch Apple trade live on Markets Insider. Read more on Business Insider. […]
Apple sheds 8% in worst day of trading since late March
Markets

Negative headlines about Facebook won’t slow down anytime soon — but that won’t stop the stock from surging 17% over the next year, analyst says

Facebook has been the subject of countless negative headlines this year relating to its approach to political advertising, monitoring of hate speech, and antitrust concerns. One Wall Street analyst says the company’s negative news flow might not stop anytime soon, and investors have come to accept it. Here’s why Piper […]
Negative headlines about Facebook won’t slow down anytime soon — but that won’t stop the stock from surging 17% over the next year, analyst says
Markets

One of the hottest new hedge funds is loading up on FAANG stocks

Dan Sundheim’s D1 Capital Partners bulked up positions in three major FAANG stocks during the third quarter. The hot new hedge fund increased its stake in Amazon to $US714 million from around $US126 million and its position in Facebook to $US528 million from about $US423 million. D1 also boosted its […]
One of the hottest new hedge funds is loading up on FAANG stocks