Yet it has been this lack of an identifiable cause – a disappointing earnings result or a major investor’s unloading stock, for example – that has been worrying some market specialists. “There was no real catalyst; I just think there has been a …
The past two days in the stock market have been frightening for some investors, especially those who own the biggest tech giants, but the current decline was likely needed to readjust expectations that had advanced too far, too fast.
Mizuho’s Abhey Lamba said in his report that Apple’s stock is just too expensive now and that “enthusiasm around the upcoming product cycle is fully captured at current levels.
The jarring sell-off has highlighted the fragility of a tech rally driven largely by a handful of high-flying mega-cap stocks that are more heavily owned by managers of large funds than at any other point in the eight-year bull market. That includes …
The selloff in technology stocks continued on Monday, with Asian markets following the declines in U.S. tech heavyweights Friday after months of sharp gains.
Those stocks, which ruled last year’s “Hillary Clinton stock market,” sucked all the oxygen out of the room because they were posting huge revenue and earnings growth in a slow-growing economy.
One problem investors face is the concept of the “anchor” price, first described by Daniel Kahneman and Amos Tversky. Regardless of the value of a share of stock, we tend to believe that value must be close to the only bit of information many of us …
Around 3 p.m. ET, the composite was down 0.7% and the intense selling that roiled technology leaders was spreading to other popular stocks. Netflix, one of the largest Nasdaq components, slid 4% in more than double its average volume. Shares fell below …
(FILES) This file photo taken on June 13, 2016 shows the Apple logo displayed on a screen at Apple’s annual Worldwide Developers Conference presentation at the Bill Graham Civic Auditorium in San Francisco, California.
It is no wonder General Electric Co.’s stock is rallying Monday, after the company said Chief Executive Jeffrey Immelt will retire after 16 years in charge: The industrial conglomerate’s stock has been the worst performer in the Dow Jones Industrial …
Technology stocks continued to slump, pulling the broader market lower. Netflix, Apple and Amazon all fell sharply on Monday, reversing some of the tech sector’s rise this year.
Lockheed stock swooned as much as 4% that morning, then another 2% just before Christmas when Trump threatened to revoke its contract—and hire Boeing to build a jet instead.
Mizuho Securities cut its rating on Apple to “neutral” from “buy” on Monday, saying the stock had outperformed this year and that the “upcoming product cycle is fully captured at current levels.
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