Bankers are bullish on these tech stocks after drop

The strategists raised their view on the S&P 500 IT Index to bullish in a note on Wednesday, writing that IT stocks are in “a tradeable rally.”

With growth stocks caught in the crosshairs of rising bond yields and fears of an economic slowdown, the S&P 500 Information Technology sector has slumped 21% this year. Price-earnings ratios have fallen to levels last seen in the early days of the pandemic. Separately, Wells Fargo strategists upgraded their “Growth at Any Price” portfolio that includes stocks like Tesla Inc, Zoom Video Communications Inc and DocuSign Inc to neutral, saying that its bearish thesis has played out.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

JSE faces green Asian markets as Chinese tech stocks riseTencent, which influences the local bourse via the Naspers stable, gains 3.71% I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

Naspers invests R40m in agritech companyJSE-listed multinational Naspers through its technology fund Naspers Foundry, has announced a R40 million investment in agritech company Nile. The investment is part of an R83 million equity round. Moneyweb Naspers SADC Naspers Great news. Where does one connect to to be able to apply for these investments opportunities with Naspers, or is there a contract number that can be contacted for more information? Thanks
Fonte: Moneyweb - 🏆 5. / 77 Leggi di più »