Tech stocks poised to do well in the coming months, money manager says

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

The tech sector has come under pressure with the recent U.S. market selloff, but a money manager expects some of these stocks will rebound in the coming months.

FIFA World Cup 2030 to Be Hosted by Morocco, Portugal, SpainUkraine Recap: Russia Says Intercepted Drones Over Three RegionsGerman Landlord Gears Up For Debt Talks With CreditorsApple CEO Tim Cook Gets $41 Million From Biggest Share Sale Since 2021Celsa’s Creditors Agree Takeover Terms With SpainBritain’s Biggest Pub Chain Seeks to Raise Debt as Sale FaltersPakistan Buys Spot LNG Shipment for First Time in Over a YearBarrick Earmarks $2 Billion for Copper ‘Super Pit’ in ZambiaToronto Home...

5% for First Time Since 2000One Reason Buying a House Can Be So Hard: Big Take PodcastGerman Companies Plan Office Cutbacks as Remote Working SticksCotswolds Manor House Listed for $17 Million by Superdry Co-FounderCanada Housing Body Says It Will Take C$1 Trillion to Meet GoalsYellen Says She’s ‘Very Optimistic’ on Economy But Wary of RatesCalgary home sales jump 29% in September, hitting record highEurope Gas Prices Halt Slump With Focus on Weather ForecastsBP Begins Operations of New...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Strong earnings will reverse decline in megacap tech stocks: Goldman SachsStrong upcoming earnings results could reverse the decline in mega-cap technology and growth stocks, which have been hammered by the rise in Treasury yields and are trading at their cheapest levels in six years by one measure, according to Goldman Sachs strategists. The so-called Magnificent Seven group of megacap stocks -Apple, Microsoft, Amazon.com, Alphabet, Nvidia, Tesla, and Meta Platforms - have fallen 7% over the last two months, compared with a 3% decline in the broad S&P 500, as Treasury yields jumped more than 60 basis points to 16-year highs. Those declines have pushed mega-cap forward price-to-earnings ratios down by a collective 20% over the last two months, leaving them trading at their largest discount to the market based on long-term growth since January 2017, Goldman Sachs said in a note dated Oct. 1.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »