News Formal

Tech stocks ‘share a common ominous situation’, says Citi strategist

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 20 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 66%

Week News

Infrastructure,Datum Center,Cooling

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

“Tech themes share a common, unfortunately ominous, situation: slowing sales growth. Seasoned investors may connote this setup with complications including profitability pressures and valuations headwinds. Our resolution is twofold. First, we emphasize efficiency by screening for rising ROE driven by expanding margins and improving asset turnover. Second, we require a margin of safety based on our reverse-DCF framework and a fair value approach utilizing out-year street estimates.

These are: Alphabet, PayPal Holdings, Doordash, Trade Desk, Block, eBay, GoDaddy, Zoom Video Communications, VeriSign, Match Group, Maplebear, Etsy, Wayfair, IAC, Zoomlnfo Technologies, Hims and Hers Health, Marqeta, ZiffDavis, Opendoor Technologies, Angi, Redfin, Adyen, LYCorporation, Wixcom, Schibsted Asa, Zalando, Nuvei, Deliveroo, Just Eat Takeaway.com, Criteo SA and AUTOI Group.

 

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:

 /  🏆 31. 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.

Citi CFO expects investment banking fees to rise 20% in third quarterCitigroup's investment banking fees are expected to jump 20% in the third quarter from a year earlier, Chief Financial Officer Mark Mason told investors at a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »