Megan Horneman, director of portfolio strategy at Verdence Capital Advisors, said new monetary easing measures out of the Chinese central bank helped lift the market Monday. Several Chinese tech stocks climbed higher, including Pinduoduo, which surged 12.5%. The moves follow a comeback on Wall St...
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But some of the biggest buyers of technology stocks have been doing some selling.Many mutual funds, including those at giant Fidelity Investments, have been unloading technology shares, according to analysts who follow Fidelity.The nation's largest mutual fund, Fidelity Magellan in Boston, carved ...
Short Sellers Think These MarketSmith Growth 250 Stocks Will TankHow Are Stock Market Leaders Faring Lately?Beyond top tech stocks, strong moves by consumer growth companies, such as Amphastar Pharmaceuticals (AMPH) (maker of both proprietary and generic medicines that ranked in t...
Stocksadvanced yesterdayas employment data showed the labor market softened slightly in January. Equity Indexes Wrap: Chip Rally Boost Stocks for a Second Day; Food Stocks Lag March 07, 2024 04:41 PM EST The Dow Intel (INTC) led the index higher, rising 3.7% amid a tech rally that also ...
Tech investors must have known that hyperbole was rife. In September Jeff Bezos, boss of Amazon, boasted that there was no limit to the size of his firm’s market and that he did not focus on day-to-day matters. Bankers have told Uber, a midsized, unprofitable firm, that it might ...
Equity Indexes Wrap: Tech Stocks Tumble, Led by AI Chip Leaders; Walmart, Home Depot Gain on Earnings February 20, 2024 04:07 PM EST The Dow Walmart (WMT) jumped 3.3% afterbeating Wall Street’s estimateswith its fourth-quarter earnings and announcing the $2.3 billion acquisition of smart...
Improving profits, but sluggish market moves Profit margins also improved notably in the second quarter for tech stocks from a year earlier. Much of this was driven by semiconductor firms, not so much the traditional tech names. Chip-leaderNvidia(NVDA) drove a good deal of the annual improvemen...
Tumult in the bond market has caused volatile moves in high-growth stocks as investors reprice the value of their shares based on changes in interest rate expectations. Investors are also turning away from some of the big growth names as they look instead to companies that are expected to get...
Value stocks in a growth stock worldPremiumcontent He and several other analysts also highlighted the delicate balance required for smaller companies to keep rising: they need the Fed to start cutting rates, but without a big economic downturn that could damage their earnings. Market moves on Thur...