Markets

Goldman Sachs US stock chief explains why you should still buy tech even as it faces 2 big risks and record market dominance

David Kostin spoke to the Exchanges at Goldman Sachs podcast about the two big risks of technology’s record market dominance. Goldman’s chief equity strategist said that positioning limits in mutual funds and looming antitrust legislation pose risks for those looking to invest in technology. However, he recommended investors add growth […]
Goldman Sachs US stock chief explains why you should still buy tech even as it faces 2 big risks and record market dominance
Markets

US stocks climb as tech rally offsets dismal jobless-claims data

US stocks rose on Thursday as a tech rally offset a surprise jump in weekly jobless claims. New unemployment filings climbed back above 1 million after two straight periods of decline. Investors also weighed the stalled talks between Democrats and Republicans on the next coronavirus stimulus package. Shares of mega-cap […]
US stocks climb as tech rally offsets dismal jobless-claims data
Markets

Billionaire investor Stanley Druckenmiller slashed FANG stocks and loaded up on companies hit by the pandemic last quarter — here are his top 10 holdings

Stanley Druckenmilller, the billionaire investor and head of Duquesne Family Office, boosted the size of his portfolio by more than 30% in the second quarter. Druckenmiller slashed holdings of big technology stocks such as Facebook,Amazon,Netflix, and Google parent Alphabet (FANG) in the second quarter, SEC filings show. Here are Druckenmiller’s […]
Billionaire investor Stanley Druckenmiller slashed FANG stocks and loaded up on companies hit by the pandemic last quarter — here are his top 10 holdings
Markets

Wall Street CIO tells investors: ‘Don’t fight tech, own it’

David Bianco, DWS Group Americas chief investment officer, told CNBC that investors should own tech stocks right now, and wait until after the election to buy value stocks. “We all wish our entire portfolio were tech stocks right now. We’re overweight tech, and that has helped us,” Bianco said. He […]
Wall Street CIO tells investors: ‘Don’t fight tech, own it’
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
Markets

FAANG stocks are under pressure

Shares of the biggest tech stocks fell on Friday. This follows the broader stock market’s dip after President Donald Trump’s announcement that he would impose tariffs on aluminium and steel. The so-called FAANG stocks – Facebook,Apple,Amazon,Netflix and Alphabet‘s Google – were all in the red on Friday morning. The stock […]
FAANG stocks are under pressure
Markets

MORGAN STANLEY: 3 things could slow red-hot FAANG stocks in 2018

FAANG stocks could be a victim of their own success in 2018, says Morgan Stanley. The outperformance of the tech-focused group could leave it vulnerable to some trend reversals that could weigh on performance, according to the firm. All good things must come to an end. Which is why Morgan […]
MORGAN STANLEY: 3 things could slow red-hot FAANG stocks in 2018