Markets

FAANG stocks rebound after Democratic wins in Georgia shake Big Tech

FAANG stocks recovered Thursday after a tough Wednesday session caused by Georgia’s surprising election results. Gillman Hill Asset Management CEO Jenny Harrington pointed to newfound clarity of what’s to come from Washington as her reasoning for the rebound. Other analysts noted the potential for more fiscal support and less political […]
FAANG stocks rebound after Democratic wins in Georgia shake Big Tech
Markets

The S&P 500 will climb 13% in 2021 — and these 3 sectors will see the biggest boost from a Democrat-controlled Congress, a global stock strategist says

Congressional Democrats will “go fast, go big” with a range of policy initiatives that could benefit materials, industrials, and financials, according to a team of Jefferies equity strategists led by Sean Darby. Meanwhile, the S&P 500 could gain 13% to 4,200 by the end of 2021 as President-elect Biden’s centrist […]
The S&P 500 will climb 13% in 2021 — and these 3 sectors will see the biggest boost from a Democrat-controlled Congress, a global stock strategist says
Markets

FAANG stocks tumble as Georgia election result heightens uncertainty for Big Tech

Georgia’s run-off election results are creating heightened uncertainty for Big Tech names, as the likelihood of regulation from a Democrat-controlled Senate increases. Facebook, Apple, Amazon, Netflix, and Google were all down around 2% in premarket trades. Traders and strategists argue that cyclical and value stocks will benefit from the result, […]
FAANG stocks tumble as Georgia election result heightens uncertainty for Big Tech