Markets

Dow slides 182 points amid rising US-China tensions and halted tech rally

US stocks dropped on Friday after China ordered the closure of the US Consulate in Chengdu, ratcheting up tensions between the economic superpowers. The US made a similar order on Wednesday, prompting concerns of a tit-for-tat economic conflict. Investors also weighed earnings misses from Intel and American Express. Tech stocks […]
Dow slides 182 points amid rising US-China tensions and halted tech rally
Markets

US stocks drop after China escalates tensions with consulate order

US stocks slipped on Friday after China ordered the closure of the US’s consulate in Chengdu, ratcheting up tensions between the economic superpowers. The escalation comes after the US made a similar order on Wednesday and revived fears of a tit-for-tat economic conflict. Investors also weighed earnings misses from Intel […]
US stocks drop after China escalates tensions with consulate order
Markets

US stocks fade into the close as doubts around a rescue bill erase gains

US stocks limped into the close on Tuesday, paring earlier gains, after Senate Majority Leader Mitch McConnell said he doesn’t expected another stimulus bill to pass in the next two weeks. The uncertainty surrounding further economic relief dented optimism around the European Union’s historic 750 billion euro ($US860 billion) stimulus […]
US stocks fade into the close as doubts around a rescue bill erase gains
Markets

S&P 500 hits highest level since February as tech stocks spike

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, […]
S&P 500 hits highest level since February as tech stocks spike
Markets

‘Everybody is a genius in a bull market’: Mark Cuban warns behaviour around the stock market’s current rally is eerily similar to the 1999 dot-com bubble

Tech stocks’ rally through recent months is “so similar” to the dot-com bubble seen in the late 1990s, billionaire entrepreneur Mark Cuban said on Monday. “Everybody’s a genius in a bull market and everybody’s making money right now” due to the Federal Reserve’s unprecedented monetary relief, he said on CNBC. […]
‘Everybody is a genius in a bull market’: Mark Cuban warns behaviour around the stock market’s current rally is eerily similar to the 1999 dot-com bubble
Markets

Here’s why one expert says scorching-hot tech stocks are far less vulnerable than they were during the dot-com bubble — and why they can keep climbing

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 […]
Here’s why one expert says scorching-hot tech stocks are far less vulnerable than they were during the dot-com bubble — and why they can keep climbing
Markets

‘We’d buy the dip’: 3 Wall Street firms weigh in on Netflix’s worse-than-expected earnings report

While Netflix shares tumbled following a disappointing second-quarter report, Wall Street analysts are still optimistic about the company’s near-term prospects. The streaming giant beat revenue estimates but fell below hopes for second-quarter earnings and forecasted third-quarter subscriber growth. Some analysts pointed to a pull-forward in subscribers as a boon for […]
‘We’d buy the dip’: 3 Wall Street firms weigh in on Netflix’s worse-than-expected earnings report
Markets

Dow gains 369 points on trader optimism around a COVID-19 treatment

US stocks rose on Friday as traders cheered advances in coronavirus treatment. Gilead Sciences said on Friday that an analysis of clinical-trial data for its remdesivir drug found a 62% reduction in mortality risk among severe COVID-19 patients. Still, the US on Thursday reported 63,200 new coronavirus cases, according to […]
Dow gains 369 points on trader optimism around a COVID-19 treatment
Markets

Fastly surpasses Zoom as the best performing work-from-home stock

Fastly overtook Zoom as the stock market’s best performing work-from-home stock. The cloud-computing company closed Monday up 222% from the market’s February 19 high, while Zoom has rallied 159% in the same period. Fastly focuses on content delivery and internet security services. Some of its biggest customers include Slack and […]
Fastly surpasses Zoom as the best performing work-from-home stock
Markets

US stocks trade mixed as investors assess jobless-claims data, US-China tensions

US traded mixed on Thursday as investors mulled the Labour Department’s latest jobless-claims report and fresh US-China tensions. 2.1 million Americans filed for unemployment during the week ended on Saturday, according to a Thursday release. The reading matched economist estimates and pushed the metric’s 10-week total to 40.7 million. China’s […]
US stocks trade mixed as investors assess jobless-claims data, US-China tensions
Markets

Dow soars 553 points on mounting optimism around a strong economic recovery

US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European Commission proposed an $US826 billion stimulus package intended to aid recovery from the coronavirus-induced recession. A midday swoon was alleviated when chipmaker Micron issued a quarterly sales forecast […]
Dow soars 553 points on mounting optimism around a strong economic recovery
Markets

Dow tumbles 622 points as major tech earnings disappoint investors

US stock indexes slid on Friday after quarterly reports from mega-cap tech players disappointed investors. Amazon’s first-quarter profit landed below Wall Street estimates, while Apple’s decision to withhold guidance for the first time in a decade dragged on trader sentiments. Oil extended its rebound to a third day, with WTI […]
Dow tumbles 622 points as major tech earnings disappoint investors
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

Apple hits record high, extends market value above $1 trillion

Shares of Apple climbed more than 2% on Friday to an all-time high of $US235.20, extending the company’s market value above the $US1 trillion threshold. The rally came as President Trump signalled positive developments in US-China trade negotiations, which could help Apple’s iPhone sales in Asia if a deal is […]
Apple hits record high, extends market value above $1 trillion
Markets

Tech stocks led by Apple are surging after Trump’s trade-war ceasefire

Tech stocks are rallying after President Trump and Chinese President Xi Jinping had a productive meeting at the G20 summit over the weekend. Trump agreed to hold off on imposing new tariffs on Chinese exports, and to suspend the administration’s ban on Huawei, a Chinese telecommunications giant. The administration’s ban […]
Tech stocks led by Apple are surging after Trump’s trade-war ceasefire
Markets

Apple’s ‘bad news’ wasn’t as bad as expected. Here’s what Wall Street is saying about the iPhone giant’s earnings.

Wall Street analysts were reacting to Apple’s quarterly earnings results on Wednesday. On Tuesday, fiscal first-quarter earnings and revenue both came in barely above analysts’ estimates, and essentially in line with Apple’s preannouncement earlier this month. Some said the iPhone’s giant’s guidance wasn’t as grim as expected, but a host […]
Apple’s ‘bad news’ wasn’t as bad as expected. Here’s what Wall Street is saying about the iPhone giant’s earnings.
Markets

‘Bird Box,’ ‘Black Mirror,’ and Taylor Swift may not be enough to give Netflix a strong 4th-quarter finish, analyst says

Netflix’s subscriber growth in the fourth quarter is likely to come in below expectations, according to analysts at SunTrust. Although newly released programming like “Black Mirror,” “Bandersnatch,” “Bird Box,” and “Taylor Swift Reputation Stadium Tour” should be able to “close the gap,” the analysts contend meaningful growth for the fourth-quarter […]
‘Bird Box,’ ‘Black Mirror,’ and Taylor Swift may not be enough to give Netflix a strong 4th-quarter finish, analyst says
Markets

Apple is losing the interest of some big-money investors, RBC says

Big-money investors are paring their holdings in Apple shares, according to a new report from RBC Capital Markets. The stock is no longer one of the top overweight holdings in Russell 1000 value benchmark funds. This may signal a shift in long-only investors’ interests, the report says. Watch Apple trade […]
Apple is losing the interest of some big-money investors, RBC says
Markets

Tech stocks are getting walloped for a 2nd straight day

Stocks fell in early trading Wednesday, with tech stocks among the worst performers once again. Twitter reversed a premarket surge it had achieved after reporting its second profitable quarter in company history. The sell-off continued as the 10-year yield traded above 3%. Stocks started Wednesday weaker for a second straight […]
Tech stocks are getting walloped for a 2nd straight day
Markets

Tech stocks take a dive amid fears of a smartphone market slowdown

Semiconductor stocks dragged major equity indexes lower on Thursday. The selling pressure stemmed from disappointing earnings guidance from Taiwan Semiconductor, which stoked fears of a global smartphone market slowdown. The tech-heavy Nasdaq 100 index dropped as much as 1.2% on Thursday amid concerns over a global smartphone market slowdown and […]
Tech stocks take a dive amid fears of a smartphone market slowdown
Markets

Tech is leading the stock market rebound

Tech stocks are leading the market rebound Tuesday. Apple was up 2.6% Tuesday afternoon, with Netflix,Amazon and Facebook all in the green as well. US stocks are attempting to rebound on Tuesday. As the Dow Jones industrial average seesaws between gains and losses, tech companies were slowly turning green and […]
Tech is leading the stock market rebound
Markets

MORGAN STANLEY: Here are the 6 internet stocks to bet on in 2018

Technology stocks have been a beacon of strength in the stock market for much of the 8 1/2-year equity bull market, and a big driver has been internet companies. Morgan Stanley has picked six internet stocks that it says will make good investments in 2018. In 2017, making money investing […]
MORGAN STANLEY: Here are the 6 internet stocks to bet on in 2018
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
Markets

Tech stocks sink as other sectors soar following tax reform

Tech stocks are getting hit on Monday, as other sectors get a boost from tax reform passing the Senate. Some investors are rotating their money from tech to other areas, like financial stocks. Watch the Nasdaq 100 trade in real time here. Tech stocks are taking a beat on Monday, […]
Tech stocks sink as other sectors soar following tax reform
News

Hedge funds have run out of ideas

Hedge funds are neglecting to protect against the downside in stocks, with one hedging gauge sitting close to the lowest in five years. These funds are also seeing a near-record concentration in a small group of outperforming tech stocks, showing a lack of diversification. The top five stock holdings among […]
Hedge funds have run out of ideas
US

The chief market strategist at a $900 billion firm says tech stocks are still cheap

Business Insider executive editor Sara Silverstein speaks to Kristina Hooper, the global market strategist at Invesco, about where there are still investment opportunities. She highlights the emerging-markets space as having a favourable valuation relative to the US market, as well as higher growth rates, and says it’s a great complement […]
The chief market strategist at a $900 billion firm says tech stocks are still cheap
US

Red-hot tech stocks aren’t as expensive as they look

Business Insider executive editor Sara Silverstein speaks with Brian Levitt, the senior investment strategist at OppenheimerFunds. He notes that the market has been favouring growth stocks like the FANG group, rather than their value counterparts, because we’ve been in a slow economic growth environment. He then goes on to say […]
Red-hot tech stocks aren’t as expensive as they look
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