Wednesday, January 20, 2021
Sleep Less Dogs
No Result
View All Result
  • Home
  • Fashion
    Retailers Praise Milan Men’s Fashion Collections for Fall 2021

    Retailers Praise Milan Men’s Fashion Collections for Fall 2021

    How to Navigate Contract Work in Fashion | Careers

    How to Navigate Contract Work in Fashion | Careers

    18 Must-See Fashion Exhibitions In 2021

    18 Must-See Fashion Exhibitions In 2021

    College basketball scores, winners and losers: Top-15 teams tumble; Clemson loses in ugly fashion to Virginia

    College basketball scores, winners and losers: Top-15 teams tumble; Clemson loses in ugly fashion to Virginia

    The Unwilling Fashion Photographer Who Excelled

    The Unwilling Fashion Photographer Who Excelled

  • Travel
  • Money
    Money driving MLB, sports to risk coronavirus disaster

    Money driving MLB, sports to risk coronavirus disaster

    These money and investing tips can help you swim with Wall Street’s sharks

    These money and investing tips can help you swim with Wall Street’s sharks

    Senate Democratic candidates are raising tons of money. That matters.

    Senate Democratic candidates are raising tons of money. That matters.

    Where in Britain does China spend its money? | World news

    Job Hunting, Taxes, Saving Money and Spending Points

    Job Hunting, Taxes, Saving Money and Spending Points

  • Tech
    Chinese tech stocks drop after Washington unveils sanctions

    Chinese tech stocks drop after Washington unveils sanctions

    Ocado: From online grocer to tech giant riding on pandemic boost

    Ocado: From online grocer to tech giant riding on pandemic boost

    RTL Today – Wall Street’s Big Tech enthusiasm getting stronger

    RTL Today – Wall Street’s Big Tech enthusiasm getting stronger

    Joseph Hong, Hayden Jay Deliver Verbal Commitments to Virginia Tech Hokies

    Joseph Hong, Hayden Jay Deliver Verbal Commitments to Virginia Tech Hokies

    Virginia Tech Lands Commitment of 2021 3-Star Virginia Linebacker Isi Etute

    Virginia Tech Lands Commitment of 2021 3-Star Virginia Linebacker Isi Etute

  • Video
    100 Years of Fashion: Women ★  Glam.com

    100 Years of Fashion: Women ★ Glam.com

    11 Fashion Hacks and DIY Clothing Ideas

    11 Fashion Hacks and DIY Clothing Ideas

    I HOSTED a SUPER BOWL OUTFITS ONLY FORTNITE FASHION SHOW! (49ERS VS CHIEFS)

    I HOSTED a SUPER BOWL OUTFITS ONLY FORTNITE FASHION SHOW! (49ERS VS CHIEFS)

    Roddy Ricch – High Fashion (feat. Mustard) [Official Audio]

    Roddy Ricch – High Fashion (feat. Mustard) [Official Audio]

    Fashion Trends To Avoid In 2020 | How To Style

    Fashion Trends To Avoid In 2020 | How To Style

Sleep Less Dogs
  • Home
  • Fashion
    Retailers Praise Milan Men’s Fashion Collections for Fall 2021

    Retailers Praise Milan Men’s Fashion Collections for Fall 2021

    How to Navigate Contract Work in Fashion | Careers

    How to Navigate Contract Work in Fashion | Careers

    18 Must-See Fashion Exhibitions In 2021

    18 Must-See Fashion Exhibitions In 2021

    College basketball scores, winners and losers: Top-15 teams tumble; Clemson loses in ugly fashion to Virginia

    College basketball scores, winners and losers: Top-15 teams tumble; Clemson loses in ugly fashion to Virginia

    The Unwilling Fashion Photographer Who Excelled

    The Unwilling Fashion Photographer Who Excelled

  • Travel
  • Money
    Money driving MLB, sports to risk coronavirus disaster

    Money driving MLB, sports to risk coronavirus disaster

    These money and investing tips can help you swim with Wall Street’s sharks

    These money and investing tips can help you swim with Wall Street’s sharks

    Senate Democratic candidates are raising tons of money. That matters.

    Senate Democratic candidates are raising tons of money. That matters.

    Where in Britain does China spend its money? | World news

    Job Hunting, Taxes, Saving Money and Spending Points

    Job Hunting, Taxes, Saving Money and Spending Points

  • Tech
    Chinese tech stocks drop after Washington unveils sanctions

    Chinese tech stocks drop after Washington unveils sanctions

    Ocado: From online grocer to tech giant riding on pandemic boost

    Ocado: From online grocer to tech giant riding on pandemic boost

    RTL Today – Wall Street’s Big Tech enthusiasm getting stronger

    RTL Today – Wall Street’s Big Tech enthusiasm getting stronger

    Joseph Hong, Hayden Jay Deliver Verbal Commitments to Virginia Tech Hokies

    Joseph Hong, Hayden Jay Deliver Verbal Commitments to Virginia Tech Hokies

    Virginia Tech Lands Commitment of 2021 3-Star Virginia Linebacker Isi Etute

    Virginia Tech Lands Commitment of 2021 3-Star Virginia Linebacker Isi Etute

  • Video
    100 Years of Fashion: Women ★  Glam.com

    100 Years of Fashion: Women ★ Glam.com

    11 Fashion Hacks and DIY Clothing Ideas

    11 Fashion Hacks and DIY Clothing Ideas

    I HOSTED a SUPER BOWL OUTFITS ONLY FORTNITE FASHION SHOW! (49ERS VS CHIEFS)

    I HOSTED a SUPER BOWL OUTFITS ONLY FORTNITE FASHION SHOW! (49ERS VS CHIEFS)

    Roddy Ricch – High Fashion (feat. Mustard) [Official Audio]

    Roddy Ricch – High Fashion (feat. Mustard) [Official Audio]

    Fashion Trends To Avoid In 2020 | How To Style

    Fashion Trends To Avoid In 2020 | How To Style

Sleep Less Dogs
No Result
View All Result

RTL Today – Wall Street’s Big Tech enthusiasm getting stronger

July 12, 2020


Tech stocks were going strong even before COVID-19, but behavioral shifts during the pandemic have lifted the sector further into the stratosphere, leaving the broader stock market far behind.

The tech-dominated Nasdaq Composite Index has closed at records in six of the last seven sessions, reflecting investors’ confidence that tech companies benefit from the so-called “stay-at-home” trade even as the market has pummeled airlines, hotels and brick-and-mortar retailers.

“There’s clear winners and losers right now in the market,” said Dan Ives, an analyst at Wedbush Securities, who thinks the biggest tech giants could still gain another 30 percent this year.

“From a winner perspective, the clear spotlight [is on] tech names.”

Technology companies are a “pocket of certainty” in a time of economic weakness, said Quincy Krosby, chief market strategist at Prudential Financial.

The latest surge means that just five companies, the so-called “FAANG” group — Facebook, Apple, Amazon, Netflix and Google — now account for more than 20 percent of the value of the S&P 500.

With spiking coronavirus cases in the US expected to bolster the dynamics behind the recent surge, the industry’s biggest worry is probably politics, analysts said.

The CEOs of Apple, Google, Facebook and Amazon are scheduled to appear on July 27 at a Capitol Hill hearing on antitrust issues, possibly raising concerns that the government’s interest will move beyond political noise.

“July 27th is an important day to see if it’s more of a political grandstanding event or the beginning of something much broader in terms of going after the breakup of these companies,” Ives said.

Krosby agreed that politics remains a wildcard, and if former Vice President Joe Biden wins the battle for the White House in November that could make aggressive action by Washington more likely.

– Bigger biotech –

Large tech companies are expected to be a bright spot in the upcoming earnings period, which kicks off this week.

While airlines and cruise companies saw revenue drops of 90 percent or more during parts of the second quarter, tech giants such as Amazon and Netflix are projected to see gains of more than 20 percent, according to Wall Street analysts.

The Nasdaq surge also reflects gains by biotech companies working on vaccines and drugs to treat COVID-19, said David Kotok, co-founder of Cumberland Advisors.

The sector “is a bargain today,” he said. “Healthcare companies are spending today and the revenue will come tomorrow.”

“I don’t think it’s a bubble,” Kotok added.

While the success of the Nasdaq is the most obvious sign of the tech surge, the broad-based S&P 500 also shows the increased weight of the sector.

As the COVID-19 crisis spread, the index removed motorcycle company Harley-Davidson and department stores Nordstrom and Macy’s, replacing them with less familiar names like Tyler Technologies and Bio-Rad Laboratories.

Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, said the pace of change could accelerate as fallout from the coronavirus crisis continues to mount.

“In turbulent times, you get higher turnover,” Silverblatt said. “The index at some point needs to react to the market and to the economy.”

– Tesla bubble? –

The information technology group currently accounts for around 28 percent of the S&P 500, up from 16 percent in 2010.

Silverblatt declined to comment on speculation that Tesla will soon be added to the S&P 500, but one of the criteria is to post profits over four consecutive quarters, a requirement Tesla could meet when it reports results on July 22.

Shares of the electric car maker have enjoyed a meteoric rise of late, eclipsing even other tech companies, and they now trade at more than four times their level in mid-March.

Though Tesla initially struggled to attain profitability, the surge has made it the world’s biggest car company in terms of market value, well above Toyota, General Motors and other traditional auto giants that sell many times the number of vehicles.

But some think Tesla’s surge has gotten out of hand, including analysts at JPMorgan Chase, who see “lofty valuation coupled with high investor expectations and high execution risk.”



Source link

Share120Tweet75Share30
davidcrossan

davidcrossan

Related Posts

Chinese tech stocks drop after Washington unveils sanctions
Tech

Chinese tech stocks drop after Washington unveils sanctions

August 10, 2020

Shares in China’s big tech groups fell after Washington unveiled sanctions targeting Beijing, fuelling concerns over a potential broader decoupling of the world’s two biggest economies.Tencent fell another 3.3 per cent in Hong Kong on Monday, adding to...

Ocado: From online grocer to tech giant riding on pandemic boost
Tech

Ocado: From online grocer to tech giant riding on pandemic boost

July 12, 2020

As grocery stores worldwide experienced stockpiling, long lines, and health worries amid the coronavirus pandemic, millions of people turned to shopping online.It has been a goldrush for the British company Ocado, an online-only grocery marketplace that also operates...

Joseph Hong, Hayden Jay Deliver Verbal Commitments to Virginia Tech Hokies
Tech

Joseph Hong, Hayden Jay Deliver Verbal Commitments to Virginia Tech Hokies

July 12, 2020

Photo Courtesy: Joseph Hong / Mike de BearAgon is the proud sponsor of all high school coverage (recruiting, results, state championships, etc.) on SwimmingWorld.com. For more information about Agon, visit their website...

Virginia Tech Lands Commitment of 2021 3-Star Virginia Linebacker Isi Etute
Tech

Virginia Tech Lands Commitment of 2021 3-Star Virginia Linebacker Isi Etute

July 12, 2020

Virginia Tech added a Class of 2021 commitment for the second straight Saturday, as the Hokies received the pledge of 3-star Virginia Beach, Virginia linebacker Isi Etute. Etute chose Tech over his other two finalists, NC State and West...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • What Travel Executives Should Expect Under a Biden-Harris White House – Skift
  • Women’s basketball: Inauguration halts Iowa travel to No. 7 Maryland
  • China grapples with virus outbreaks in northeast
  • Retailers Praise Milan Men’s Fashion Collections for Fall 2021
  • Travel bans to stop infectious diseases like COVID-19 merely delay the inevitable.
July 2020
M T W T F S S
« Jun   Aug »
 12345
6789101112
13141516171819
20212223242526
2728293031  

Categories

  • Fashion
  • Money
  • Tech
  • Travel
  • Uncategorized
  • Video
  • Home 1
  • About us
  • Contact us
  • Privacy & Policy

© 2020 Sleep Less Dogs

No Result
View All Result
  • Home
  • Fashion
  • Travel
  • Money
  • Tech
  • Video