In volatile July, investors may be treating some stock market trades like ‘summer rentals,’ or investments they just want to hold onto for a few weeks and then move on. Some of those names, among hard hit growth stocks, jumped Tuesday, and could see more upside in the short-term, technical strategists say. Stocks like Zoom … Read more
Ark Invest’s Cathie Wood said Tuesday technology stocks will hit the bottom before the broader market, repeating a historical trend from past crises. In the wakes of the dot-com bubble and 2008 financial crisis, the tech-heavy Nasdaq Composite hit its trough months before the S&P 500 did and therefore recovered first. The innovation-focused investor believes … Read more
Here are Tuesday’s biggest calls on Wall Street: Mizuho reiterates Tesla as buy Mizuho said in a note Tuesday that China lockdowns remain a production headwind for Tesla, but that a rebound could happen later this year. “Gigafactory Shanghai Partial Lockdown a Near-term Headwind, Though Potentially Stronger SepQ / DecQ Rebound. … That said, we … Read more
Check out the companies making headlines before the bell: Yamana Gold (AUY) – The Canadian gold producer agreed to be acquired by Gold Fields (GFI) in an all-stock deal valued at $ 6.7 billion. Yamana Gold shareholders will receive 0.6 Gold Field shares for each share they now hold. Yamana surged 14.9% in the premarket … Read more
The recent market sell-off that’s hard-hit the technology sector offers a “good entry point” for shares of Zoom Video, Daiwa Capital Markets said. Analyst Stephen Bersey double upgraded the popular stay-at-home beneficiary to outperform from underperform, saying in a Friday note to clients that the recent pullback in tech presents an excellent opportunity to buy … Read more
Nima Ghamsari, co-founder and chief executive officer of Blend, speaks during the Sooner Than You Think conference in New York on Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Tech investors finally got some relief this past week, as the Nasdaq broke a seven-week losing streak, its worst stretch since the dot-com bust … Read more
Technology stocks have plummeted toward multiyear lows in recent months as investors search for stable, reliable earnings. The tech-heavy Nasdaq Composite sits 25.2% off its highs, and the index has suffered its worst start to a year on record. As tech stocks have tumbled, investors believe there are some values to be had in select areas … Read more
CNBC’s Jim Cramer warned investors on Friday that a market rally has no chance of sustaining until the causes of the turmoil are resolved. “If we want the market to stage a meaningful comeback, we need China to reopen, Russia to withdraw from Ukraine, and the [Federal Reserve] to curb-stomp inflation with a 100-base point … Read more
A man photographs a banner for Snap Inc. on the facade of the New York Stock Exchange on the morning of the company’s IPO in New York City, March 2, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Tuesday. Snap – Shares of Snapchat’s parent company plummeted 41.2% after … Read more
Monday was supposed to mark another milestone for Apple in its effort to bring workers back to the office. The plan — which called for Mondays, Tuesdays and Thursdays to be mandatory days in the office —was scrapped once again as Covid infections tick upward. Apple’s fixed schedule had been met with widespread opposition by … Read more