Diversify your Big Tech holdings into these other stocks with similar traits, recommends Barclays

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 72%

Investment Strategy News

Stock Markets,Chipotle Mexican Grill Inc,Oracle Corp

While Big Tech valuations look reasonable to Barclays, the firm said they're 'not the only game in town' and suggested investors diversify their portfolios.

In an effort to navigate a market that remains highly concentrated under Big Tech's dominance, but also ripe for stock pickers, Barclays has dozens of stocks that share similar characteristics to the tech heavyweights. Equities slumped in April following five straight months of gains. The S & P 500 shed 4.2% for the month, its worst monthly performance since September.

4% this quarter, fueled by the company's big earnings beat , better-than-expected revenue and same-store sales growth from the first quarter as traffic to its restaurants increased during the period. Enthused by the quarterly print, which was released on April 24, UBS analyst Dennis Geiger boosted his price target by $100 to $3,500.

 

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:

 /  🏆 12. in BUSÄ°NESS

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.

Stock Market Today: S&P 500 rallies on tech strength ahead of big tech earningsStock Market Today: S&P 500 rallies on tech strength ahead of big tech earnings
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: U.S. Futures Slip Ahead of More Big Tech EarningsFacebook parent Meta saw shares slide in pre-market trading a day after it spooked investors with low sales and revenue forecasts.
Source: Newsweek - 🏆 468. / 52 Read more »

Stock Market Today: Stocks Open Higher in Big Week for Tech EarningsCompanies scheduled to report quarterly results this week include Tesla, Microsoft and Facebook parent Meta.
Source: Newsweek - 🏆 468. / 52 Read more »

Stock market today: Global markets mixed after Wall St rebound led by Big TechEuropean shares have opened higher after most Asian markets retreated despite a tech-fueled rebound on Wall Street.
Source: ksatnews - 🏆 442. / 53 Read more »