on Friday that the market won't suffer any"significant drops from here" because a"secular growth story" centered around the strength of technology companies will provide support.
"Chances are you're not going to see the magnitudes of increases certainly that we've seen over the last six months," Shah said."But do we expect the market to come tumbling down from there? I'm certainly not a buyer of that idea." The market expert said that people have become increasingly more reliant on technology during the coronavirus pandemic. While the deployment of a vaccine may reverse that reliance slightly, as more people may ditch food delivery apps in exchange for eating inside a restaurant, Shah believes a"fundamental core" of the reliance on technology is here to stay.
She added that in an environment with so much uncertainty surrounding the coronavirus and US presidential election, investors need companies with strong balance sheets and positive cash flow. Mega-cap technology companies meet these criteria, Shah said. Shah also said that the proliferation of technology during the coronavirus outbreak and the sector's large weight in the S&P 500"insulated" the index from"completely dropping" at the height of the pandemic.
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:
Please!
'This time, it's different.'
What stock does she have in mind?
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock picks to buy for market-beating returns through AI tech: UBS - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market crash: Expert sees dot-com flashback, meltdown within a year - Business Insider'The psychology is even more dangerous than 20 years ago': A Wall Street investment chief says stock valuations are giving him dot-com bubble flashbacks — and warns of a major meltdown in the next year Julesofthwood How prescient. That 'edifice' is hollow and corrupt to the core. Collapse is imminent. Look what one little virus has done. NATURE is exact and will not tolerate imbalances.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market outlook: Goldman Sachs boosts 3-month forecast to 'overweight' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The drugs at Goldman Sachs must be incredible Of course they do. They'll say anything to keep Trump in office. They and the rest of the Oligarchs are doing g great with realDonaldTrump
Source: BusinessInsider - 🏆 729. / 51 Read more »
3 reasons why investors should stay bullish on stocks and use the recent market pullback as a buying opportunity, according to UBS | Markets InsiderDrew Angerer/Getty Images Back-to-back weeks of stock market declines should be used by investors as an opportunity to buy stocks at better le...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market crash: Expert sees dot-com flashback, meltdown within a year - Business Insider'The psychology is even more dangerous than 20 years ago': A Wall Street investment chief says stock valuations are giving him dot-com bubble flashbacks — and warns of a major meltdown in the next year Julesofthwood How prescient. That 'edifice' is hollow and corrupt to the core. Collapse is imminent. Look what one little virus has done. NATURE is exact and will not tolerate imbalances.
Source: BusinessInsider - 🏆 729. / 51 Read more »