One of Wall Street's biggest bulls is shunning new big tech investments in favor of consumer plays.
According to Crossmark Global Investments' Victoria Fernandez, consumer stocks should help drive the market rally's next leg up.Trading Nation " segment. "There was a lot of concern at the end of last year on what the consumer was going to do. But look, we've had good retail sales. Spending numbers are good. Average hourly earnings are good."
Fernandez, who is responsible for $5 billion in assets under management, believes big tech, along with FAANG names
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:
TradingNation
TradingNation I thank you. Dumb advice
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil set to extend long run of weekly gains in tense global marketOil prices dipped on Friday on expectations that producer club OPEC will soon ra...
Source: Reuters - 🏆 2. / 97 Read more »
Oil prices dip on record U.S. output, but global market tenseOil prices fell on Thursday, pulled down by record U.S. crude production that le... Wow the oil prices dipped this week, gas stations missed that but when the price went up two cents... they were quick to OVERCOMPENSATE! Good news ... but ... Going into election years Dem propaganda outlets always have to qualify good news as having a dark lining somewhere. Of course, if a Democrat were President, the news would be 'Oil prices dip, YAY!'
Source: Reuters - 🏆 2. / 97 Read more »
OPEC's Barkindo says impossible to eliminate Iranian oil from market: SHANAIt is impossible to eliminate Iranian oil from the global market, OPEC Secretary... Tell them. Challenge excepted by U.S. government.
Source: Reuters - 🏆 2. / 97 Read more »
Amazon leads the FAANG stocks in first-quarter lobbying spendingThe tech titans’ significant spending to influence lawmakers and regulators comes as the companies face increasing scrutiny over how they handle their users’ data and how they deal with misinformation and political bias.
Source: MarketWatch - 🏆 3. / 97 Read more »
Oil falls on swelling U.S. stockpiles, Venezuela adds to market uncertaintyOil prices fell on Wednesday after a rise in U.S. crude inventories, while an in... Its Venezuela Confirms our unnecessary need to be involved in Venezuela over Yemen. End support for Saudi's HumanityFirst Venezuela could flood the market, putting more USA producers in red..
Source: Reuters - 🏆 2. / 97 Read more »
Barclays estimates US weed market would be $28B if legalized today, growing to $41B by 2028Marijuana would become a major sector overnight if legitimized across the nation, Barclays said in a report Wednesday. realDonaldTrump will legalize cannabis right before the election Do it. It’s time! Dumb...it’s already that amount...just not legal everywhere...
Source: CNBC - 🏆 12. / 72 Read more »
Trump could deal the oil market a major wildcard this week, says BP CEO Bob DudleyDudley says new U.S. measures to drive Iran's oil exports to zero are responsible for sending oil prices to nearly six-month highs. Is this more pressure than the last “maximum pressure?” If so, the last one wasn’t maximum. Unless this is 11 pressure.
Source: CNBC - 🏆 12. / 72 Read more »
Jeremy Siegel blames the Fed for the 20% stock market drop late last year'We look over 15 years, a lot of mistakes were made. You think there would be some more lively discussion,' and more dissenters on the Fed, says the longtime stock market bull. Wow! News flash!!!! Umm yeah. Just like it was the fed that caused us to have a 10 year bull run. And in the big picture a 30 year run. What about the 25% rally since?
Source: CNBC - 🏆 12. / 72 Read more »
Amazon opens its platform to local retail market in IsraelE-commerce giant Amazon has reached out to Israeli retailers to enable them to s... 👎👎 BDS kavn So Bezos really IS Lex Luther?!
Source: Reuters - 🏆 2. / 97 Read more »