Investors are buying up these 'tariff-proof' tech stocks to keep exposure to the sector

are not entirely "tariff-proof," they may hold up better than some consumer technology names that manufacture products in China, according to Rishi Jaluria, senior research analyst at DA Davidson.

Equity markets saw a sharp pullback this week after more tariff escalation, a fall in the Chinese yuan against the dollar, and tumbling bond yields that fueled global growth concerns. Tech shares led a rebound on Thursday, with the sector rising more than 1%. The S&P technology sector is down 1.7% for the month, compared to a 1.4% drop in the broader S&P index. Microsoft is up about 1.4% in that time frame.Cloudera has also rallied 37% in the past month after activist investor Carl Icahn revealed a new stake in the data analytics company. Icahn told CNBC's Scott Wapner on "" Thursday that aside from some opportunities like Cloudera, he's far from bullish on the broader market.

But not every software name is in the black. Salesforce is down about 6% in the past month, Docusign is down 11%, while ZenDesk has fallen 14%. Twilio, a top pick from DA Davidson's Jaluria, is down more than 6% this month.

Beam us up please 🤩

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Wall Street drops as bond market stokes recession fearsU.S. stocks slipped on Wednesday, as investors reeling from rising trade tension... Everything will resume back to normality at end of week.... China loses though big time ! The one thing Donald could sort of point to as a success, the economy, and he's fucking it up. He also doesn't talk about the economy a lot because his base doesn't understand it. They figure they're ok if they got money for trailer rent, beef jerky, beer, bait, and ammo. Well who's FAULT is that!!, I quote!, 'AMERICA FIRST'!!?
Source: Reuters - 🏆 2. / 97 Read more »

European stocks seen higher as sharp fall in global bond yields stabilizesEuropean stocks are expected to open higher Thursday as investors swing back toward risk assets.
Source: CNBC - 🏆 12. / 72 Read more »

The superrich are selling stocks, buying properties and keeping cash readyThe superrich blueprint to navigating this hairy stock market: Tap the brakes and get ready to pounce when it all goes to hell. And hell could be around the... Yea because the public has access to what the rich have America’s most reliable Shopping Platform Shop Now⬇️
Source: MarketWatch - 🏆 3. / 97 Read more »