Markets

3 reasons why the S&P 500 could be headed for an imminent 48% drop, according to an investment chief who crushed the market during the coronavirus crash

The S&P 500 could be headed for a drop of up to 48%, according to James McDonald, the CEO and chief investment officer of Hercules Investments. McDonald said the new strain of COVID-19, historically elevated tech stock valuations, and already-priced-in stimulus leave the stock market vulnerable to a crash if […]
3 reasons why the S&P 500 could be headed for an imminent 48% drop, according to an investment chief who crushed the market during the coronavirus crash
Markets

Palantir surges 17% after it wins FDA contract worth $44 million, report says

Palantir surged as much as 17% on Monday after a Bloomberg report said the data-mining firm won a three-year contract with the FDA worth $US44 million. Palantir’s software will help drive the FDA’s drug reviews and inspections, according to the report. Visit Business Insider’s homepage for more stories. Palantir surged […]
Palantir surges 17% after it wins FDA contract worth $44 million, report says
Markets

‘Don’t count out technology,’ even as value stocks start to stage a comeback, says Oppenheimer’s strategy chief

With positive COVID-19 vaccine news lifting value stocks related to the reopening trade, technology stocks have underperformed. In fact, since September 23, value stocks have outperformed growth stocks across all market cap segments, according to a Monday note from Oppenheimer. Technology investors should stay calm, as the underperformance of growth […]
‘Don’t count out technology,’ even as value stocks start to stage a comeback, says Oppenheimer’s strategy chief
Markets

Why mega-cap tech stocks could rally another 15% by year-end under a Biden-helmed split government, according to Wedbush

Technology stocks in the FAANG, cloud software, and cyber security themes could rally 10%-15% by year-end with a Biden presidency and Republican Senate, according to Wedbush. This regime is the “Goldilocks election outcome” for tech stocks as a Biden presidency will ease US-China technology-policy issues while the Republican Senate decreases […]
Why mega-cap tech stocks could rally another 15% by year-end under a Biden-helmed split government, according to Wedbush
Markets

Investors were disappointed by mega-cap tech guidance last week — but UBS says investors should stay invested and focus on 3 key areas

Technology investors were tested on Friday after strong earnings reports from mega-cap earnings like Amazon, Facebook, and Apple were still followed by sharp declines in share prices. Traders elected to focus on tepid profit-growth outlooks, rather than the past quarter’s better-than-expected results. Despite the negative earnings reaction in Friday trades, […]
Investors were disappointed by mega-cap tech guidance last week — but UBS says investors should stay invested and focus on 3 key areas