News Formal

Technology stocks may be about to drown in their own greatness, says JPMorgan

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Technology stocks are about to drown in their own greatness, JP Morgan says

The deadline for a pre-election stimulus package, badly needed by millions of Americans, is fast approaching.

Our call of the day from JPMorgan strategists says earnings season may offer the first sign that tech stocks are about to drown in all that greatness. “The potential peaking out in tech EPS [earnings per share] revisions versus other sectors might facilitate a rotation further down the line,” said Matejka. He pointed to the below chart that shows how upward revisions to tech earnings are starting to weaken, even as the sector keeps bounding ahead.

IBM IBM, -0.32% shares are down after the technology company reported another revenue fall and no outlook.Intel INTC, +0.77% has reached a roughly $9 billion deal to sell its flash-memory manufacturing business to South Korea’s SK Hynix 000660, -1.73%.

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:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

IBM Stock Price | International Business Machines Corp. Stock Quote (U.S.: NYSE) | MarketWatchIBM | Complete International Business Machines Corp. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Source: MarketWatch - 🏆 3. / 97 Read more »