Tech giants led major indexes lower during September’s sell-off but the sector is poised to rebound in the coming months, Seema Shah, chief strategist at Principal Global Investors, said Wednesday. Uncertainty around the pandemic’s trajectory could extend work-from-home trends and accelerate digital trends, she wrote in a blog post. The […]

Stock-pickers trimmed overweight bets across nearly all sectors but piled further into communication-services companies in recent months, Bank of America said on Wednesday. The cutting-down of most outsized positions comes as managers prepare for the 2020 US presidential election to drive outsized market volatility, Savita Subramanian, head of US equity […]

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. […]

A slew of analysts upgraded Apple price targets amid the stock’s record-breaking rally. Shares of Apple gained as much as 4% Tuesday, also boosted by a Bloomberg report that the company is prepping 5G iPhones to launch this year. Here’s what four analysts said about Apple. Watch Apple trade live […]

Billionaire investor Leon Cooperman said that FANG stocks are “better than gold” during a Monday interview with CNBC. He also said that he owns Google,Amazon,Facebook, and Microsoft but is not adding to positions right now. Cooperman added that today’s FANG stocks remind him of the “nifty fifty” stocks that led […]

Tech giants are the most crowded they have been in decades, but not all fund managers are piling in with the rest of the market, according to Goldman Sachs. Hedge funds have boosted their bets on the FAAMG group – Facebook,Amazon,Apple,Microsoft, and Google-parent Alphabet– while mutual funds are underweight on […]

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 […]

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 […]

US stocks erased early losses and climbed on Monday as tech giants soared and investors cheered positive COVID-19 drug trial results. Tech mega-caps including Apple,Microsoft,Netflix, and Facebook all soared as investors continued crowding in popular stay-at-home trades. AstraZeneca and Synairgen both revealed optimistic trial data for their experimental coronavirus vaccines, […]

Tech stocks’ rally from mid-March lows is fuelling concerns of another market bubble, but history shows the shares are fairly valued, James Paulsen, chief investment strategist at The Leuthold Group, said. Though tech companies now comprise roughly 27% of the S&P 500’s market cap, their sales contribute to a greater […]

RBC Capital Markets upgraded its Apple price target to $US390 from $US345 on Wednesday, an 11% jump from where shares currently trade. Apple shares rose nearly 1% to a fresh all-time high of $US355.37 on Tuesday. On Tuesday, Citi also upgraded shares of Apple to a Wall Street-high of $US400. […]

Several of the factors that led equities to plummet at a record pace in February and March remain key risks to their recent upswing, Seema Shah, chief strategist at Principal Global Investors, said in a recent note. The coronavirus revealed unprecedented risk velocity, a term for the pace at which […]

Popular technology stocks have not been immune to market panic around a potential coronavirus pandemic. FANG stocks, including Facebook, Amazon,Netflix, and Google parent company Alphabet, shed a combined $US177 billion in market capitalisation in just two days as coronavirus fears slammed global markets. Each of the tech giants fell for […]

The coveted group of FANG stocks including Facebook,Amazon,Netflix, and Google have been some of the hottest investments in recent years. According to RBC Capital Markets analyst Mark Mahaney, it’s time to add a new name to the tech lineup: Uber. Mahaney believes Uber is one of the stocks best positioned […]

Facebook, Apple, Amazon, Netflix, Google – commonly known as FAANG stocks – reported quarterly earnings in October, as did Microsoft. The six mega-cap tech giants make up roughly 18% of the S&P 500’s market capitalisation, according to Yardeni Research. These stocks deserve credit for the record S&P 500 high in […]

Tech stocks sold off broadly on Monday, dragging major US indexes lower, especially the Nasdaq 100, which lost as much as 1.9%. Amid the selling, investors are paying the most ever for Nasdaq 100 downside protection on a one-month basis, relative to bets on further increases in the index. That […]

Tech has outpaced the broader market by a wide margin in 2017. But it wasn’t all smooth sailing, as many of the largest companies faced public and regulatory scrutiny along with company-level issues. Mark Mahaney, an analyst at RBC Capital Markets, told Markets Insider that he sees little risk to […]