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
Markets

Stocks will pull back up to 7% multiple times and election-driven volatility will linger through early 2021, a Wells Fargo head strategist says

Wells Fargo’s Paul Christopher told Bloomberg he’s expecting volatility in the stock market in the next few months heading into the election. These pullbacks could be up to 7% as turbulence continues into the first quarter of 2021 when an administration’s “decisions and appointments need to be made.” He’s advising […]
Stocks will pull back up to 7% multiple times and election-driven volatility will linger through early 2021, a Wells Fargo head strategist says
Markets

Goldman Sachs US stock chief explains why you should still buy tech even as it faces 2 big risks and record market dominance

David Kostin spoke to the Exchanges at Goldman Sachs podcast about the two big risks of technology’s record market dominance. Goldman’s chief equity strategist said that positioning limits in mutual funds and looming antitrust legislation pose risks for those looking to invest in technology. However, he recommended investors add growth […]
Goldman Sachs US stock chief explains why you should still buy tech even as it faces 2 big risks and record market dominance
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