The more than 50% rally in technology stocks over the past 100 trading days ends one of two ways: higher like the 2009 recovery, or lower like the 1999 dot-com bubble. That’s according to DataTrek, who said on Wednesday that tech stocks’ historic 100-day rally will likely follow the footsteps […]
Guggenheim Securities’ Jim Millstein told Bloomberg on Tuesday that investors should brace for a period of significant volatility ahead. The co-chairman cited uncertainty around the election and the lingering covid crisis as sources of volatility. He also said it’s “obvious” there has been a bubble around technology stocks. Visit Business […]
Summary List Placement Former Twitter CEO Dick Costolo told CNBC that platform stocks are “crazily priced” and remind him of the dot-com era in the early 2000’s. “Zoom is a great company but at $US125 billion you have to raise an eyebrow,” he said. Costolo added that the market is […]
Ant Group’s upcoming IPO aims to raise a record $US30 billion and could bring first-time tech fundraising to the highest level since 1999. Should demand for the offering hold up, Ant’s debut could bring global first-time stock sales to more than $US57 billion, according to data collected by Bloomberg. The […]
Are technology stocks in a bubble similar to the dot-com era of 1997 to 2000? According to a majority of investors surveyed by DataTrek, the answer is no. Fifty-six per cent of respondents said tech stocks are not in a bubble, and 70% expect at least 5% in further upside […]
Though tech stocks’ rally has outpaced most other sectors, the sector is far from returning to dot-com era levels of overvaluation, Keith Lerner, chief market strategist at SunTrust Advisory Services, said. The tech sector is currently up 35% over the past 12 months. At the peak of the dot-com boom […]
Beyond Meat shares skyrocketed 163% during their first day of trading. The last time an initial public offering saw such a big pop was during the tech bubble. Beyond Meat has never turned a profit. Watch Beyond Meat trade live. Beyond Meat shares have been on fire since making their […]
Intel just reached its highest price since August 30, 2000. The stock has struggled to come back in the years since the tech bubble burst – but a massive security meltdown disclosed in January doesn’t seem to be slowing it down. Shares of Intel reached an all-time high of $US51.33 […]
Stocks are trading more independently of macro factors than at any point since 2001, according to Morgan Stanley. These types of market conditions are ideal for stock pickers, who make their living analysing company fundamentals and betting on single stocks. Stocks are partying like it’s 2001. They’re trading independently of […]
Business Insider CEO Henry Blodget discusses the meteoric rise of bitcoin. He references a recent research note published by former Merrill Lynch chief investment strategist Richard Bernstein, who refers to the cryptocurrency as “bitcon.” Blodget walks through Bernstein’s assertion the bitcoin meets all five characteristics of a bubble: available liquidity, […]
Business Insider executive editor Sara Silverstein speaks with Brian Levitt, the senior investment strategist at OppenheimerFunds, who says that he doesn’t think the stock market is particularly overvalued. He points out that US equities are still trading cheap when compared to bonds, and argues that people are still fearful of […]
For stock enthusiasts, drawing parallels...
Stocks are operating with a mind of their own...
The tech "bubble" -- if there ever was one...
Global growth stocks are looking expensive. Some may even call them a bubble. And given recent volatility in the likes of the Nasdaq and other growth-orientated indices, along with stretched market positioning, it’s got some asking whether the relatively small pullback earlier this month may be a sign of things […]
The S&P 500 is up 9% so far this year, and...
Last fall, Josh Reeves, CEO of San...