Tech Analyst Says Valuations ‘Hit a Wall’ Following Recent Gains
(Bloomberg) — Shares of technology companies have soared over the past few months, and valuations “have hit a wall,” suggesting there could be limited additional upside over the near term, according to Jefferies. Analyst Brent Thill believes that…
The hottest trade in the stock market faces a huge test this week: Morning Brief
Monday, July 27, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Mega-cap tech stocks face mega risks It’s the hottest trade in the stock market. We’re talking about investors betting on Facebook…
India Court Probes Alibaba Over Censorship, Fake News
Click here to read the full article. An Indian court has asked Chinese tech giant Alibaba, and its co-founder Jack Ma, to present evidence about the operation of its news operations. The request stems from a personnel case in which a former employee…
Big Tech Goes on Shopping Spree, Brushing Off Antitrust Scrutiny
(Bloomberg) — The biggest U.S. technology companies have gone on a buying spree this year, waving off intense scrutiny from competition watchdogs and critics who say they’ve bolstered their power by snatching up nascent rivals. The number of…
Tech CEO Antitrust Showdown With Congress Set for Wednesday
(Bloomberg) — Chief executives of Amazon.com Inc., Facebook Inc., Alphabet Inc. and Apple Inc. will testify before a rescheduled congressional hearing on antitrust in Big Tech at noon on July 29, according to an announcement from the House…
Goldman Likes Foreign-Exposed Tech, Energy Names as Dollar Falls
(Bloomberg) — Investors betting on continuing dollar weakness should consider U.S. technology and energy stocks among those with high international sales that tend to outperform when the currency falls, according to Goldman Sachs Group Inc. Shares…
Hang Seng Debuts New Index of Benchmark-Beating Tech Stocks
(Bloomberg) — A new index focused on China’s technology giants is set to give investors greater access to their growing dominance in Hong Kong’s market. The Hang Seng Tech Index, which launched Monday with backdated prices, tracks the 30 largest…
Fox News Touting QAnon Is All You Need to Know About the So-Called ‘News’ Network
Click here to read the full article. Fox News’ Jesse Watters made a decision to disregard the well-being of his audience on Saturday night in order to whine about unsubstantiated grievances of media “censorship” and election interference against those on…
Hang Seng to Launch New Index of Benchmark-Beating Tech Stocks
(Bloomberg) — A new index focused on China’s technology giants is set to give investors greater access to their growing dominance in Hong Kong’s market. The new index will track the 30 largest tech companies listed in the city. The Hang Seng TECH…
Stock Index ETFs Continue To Slide As Tech Gets Battered
This article was originally published on ETFTrends.com. Stocks and index ETFs are continuing their slide on Friday after sinking in volatile trading on Thursday as tech shares led the broader market drop and traders absorbed the lackluster unemployment…