Investors got ‘complacent’ owning Big Tech stocks: Market expert

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Penn Capital CIO Eric Green discusses volatility in the market.

Well, clearly, investors got lazy and complacent owning these large technology, mega technology stocks, and Facebook had a disappointment. Netflix had a disappointment. The market is broadening out, and it's about expectations and expectations were missed from the big companies. And then these other companies that reported last night - expectations got very low and sentiment was very low, and they came out with good numbers and good guidance. So you've had this big bounce.

It is remarkable that you said that Facebook had the biggest move down in from a market cap standpoint. Yesterday, we'll probably see today the biggest market cap up in the history of the market with Amazon. So a lot of volatility there. I think investors need to focus on more than this handful of big cap companies.

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:

 /  🏆 458. in US
 

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

United States United States Latest News, United States United States Headlines

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

This market-timing model has made stock investors more money than the 'Super Bowl Predictor'OPINION: The odds the stock market will rise this year are essentially the same regardless of who wins the Super Bowl, columnist MktwHulbert writes. MktwHulbert Are we seriously looking at the outcome of the SuperBowl to determine what the stock market will do?
Source: MarketWatch - 🏆 3. / 97 Read more »

How a small ice-cream-truck company raised a $2.2 million seed roundVCs have so much money that a small New Jersey ice-cream-truck company just raised a $2.2 million seed round
Source: BusinessInsider - 🏆 729. / 51 Read more »

Facebook's metaverse business completely misses Wall St expectationsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Shocker For any account issues Kindly contact bruce125689 on Instagram he helped me with Mine Good
Source: BusinessInsider - 🏆 729. / 51 Read more »