Tech stocks have staged quite a comeback this year after a dismal 2022, mainly on the prospect that the Federal Reserve may be close to ending its interest-rate hikes. The rally may have a lot more to run, according to Wedbush Securities' Dan Ives.
Tech stocks still have a"nice upside," according to Wedbush's Ives, who reiterated the firm's start-of-the-year forecast for an advance of more than 20% for the asset type in 2023. And that means tech shares may even gain the status of a safe haven for investors spooked by the recent volatility in other assets thanks to the banking turmoil that erupted earlier this month, according to him.
An end to rate increases would be positive for tech stocks, as rising borrowing costs tend to weigh on such businesses' future earning potential and, in turn, valuations.
Reminder to say HELL NO and resist digital ID Even when there's some fake emergency that will cause them to say it's 'necessary for our protection' and to 'protect from fraud, digital identity theft, deep fakes' and more. REFUSE AND RESIST AND BE READY TO FIGHT FOR LIBERTY!
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock Market News: Tech stocks hurt by rising bond yieldsUS stocks fall as rising bond yields pressure tech amid easing banking sector fears
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Stock market news today: Tech stocks lead as investors refocus on ratesTech rally leads US stocks higher as investors refocus on rates after bank fears recede why aren’t you covering the RESTRICT Act?
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »