Mega-cap tech stocks are 'overbought', rally could stall: Fundstrat

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Brasil Notícia Notícia

Mega-cap tech stocks are 'overbought' and their rally may be getting closer to stalling out, Fundstrat's Mark Newton says

Mega-cap tech stocks are 'certainly overbought' and their rally may be closer to stalling - but there hasn't been any evidence of them topping out, according to Fundstrat's Mark Newton.

"I love the group. I think it's probably a bit extended.

He added that there's no time limit on how long a stock can remain overbought, which is why it's dangerous to say that the group is topping - especially since it has kept pushing higher over the last few months. "We really have seen no evidence of that. Still a lot of enthusiasm. I still like a lot of these stocks, but many of them are pressing up against very important levels," he said, referring to big-name US tech companies such as Apple, Nvidia, Microsoft and Alphabet that have led the market's rally.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 729. in BR

Brasil Últimas Notícias, Brasil Manchetes