After a rough third quarter, here's what to expect from technology stocks into the end of 2023

  • 📰 CNBC
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 72%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Wall Street's bracing for another rocky period, but these data points could create a positive setup for some technology investors into year end.

2023's surge in technology stocks fizzled in September as rising rates put a heavy dent in the artificial intelligence-fueled rally . As the final quarter of the year kicks into gear, Wall Street's bracing for another rocky period ahead, but a slew of economic and earnings-related catalysts could create some chances for investors to dip back into their favored names.

mountain 2023-07-01 Nvidia's third-quarter performance Independent Solutions Wealth Management's Paul Meeks is one portfolio manager taking that nuanced approach. Despite long-term confidence in AI and the sector, worrisome technicals and climbing rates marching to multiyear highs have given him pause in recent weeks. He hopes to gain more clarity on the sector come the third-quarter reporting period. The next Fed meeting, which concludes on Nov.

mountain 2023-07-01 Microsoft's third-quarter performance "What I've learned is that if you if you own high quality companies with strong management teams, they will figure it out," said the CEO & CIO of Laffer Tengler Investments. "There's no need to be in a hurry. I don't know that you buy right here, but if there continues to be a sell off, you dip your toe in and you add modestly to holdings.

mountain 2023-07-01 Alphabet's third-quarter performance Meeks, who is cautious on the sector in the very short term and awaiting fatigued selling, plans to flock back to his favored AI names when he sees a buying signal. These picks include Nvidia, Microsoft, Meta Platforms and Alphabet. While Jennison Associates takes a longer-term approach to investing, Klauer said some new pockets of opportunity have begun to emerge along with AI.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين