— are still mostly in the red for the trailing 12 months despite their strong year-to-date comeback. Amazon's single-digit gains in the past 12 months can also be compromised if the e-commerce giant disappoints when reporting earnings next week.
"It's undeniable they've had a very robust run," said Mike Loewengart, chief investment officer at E-Trade Capital. "With the ones that have elevated evaluations where there are a lot of expectations going into their near-term results, when there are hiccups along the way, it's not unreasonable to see them fall in response to that."Perhaps the biggest backlash brewing against those tech superstars is the government's antitrust investigations.
Microsoft's stock went through "a huge consolidation from 2002 and finally broke out in 2013. That thing was dead money for a decade. That's the risk of a regulatory overhang," DeGraaf said."I think that some of the regulatory risk is getting better from a practical standpoint," said Jason Helfstein, Oppenheimer's managing director of internet equity research.
hey, no worries, just keep buying Microsoft like the rest of the idiots at approaching 30 times earnings!
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:
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.
These 8 stocks are the best bets for investors looking to crush the market and save the environment at the same timeThe 2019 RBC Global Environmental, Social, and Governance Best Ideas list features the firm's picks for the best ESG investment opportunities.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks in Asia set to trade lower on renewed threat to trade; investors await Australia's jobs dataInvestors will be watching out for the release of Australian jobs data, set to be at 9:30 a.m. HK/SIN. So what is the next arbitrary date that the pundits will target as the next chance for a deal? Each one passes with nothing being accomplished. Trump actually moved backwards at the hyped up epic fail known as the G20. Caved on Huawei, delayed tariffs & got nothing in return. Good i have puts for Friday Are those eyes brown real?
Source: CNBC - 🏆 12. / 72 Read more »
U.S. housing market stuck in a rut even as mortgage rates fallU.S. homebuilding fell for a second straight month in June and permits dropped t... You mean a generation of young adults burdened with growing student loans and personal auto loans are not partaking in the housing market? Color me spooked. Whoever could have predicted that giving the highest earning 1% a huge tax break would have had such a catastrophic effect on the middle classes those self same tax cuts were alleged to be helping? realDonaldTrump may be able to point you in the right direction? At least there was a boom in some constricted markets like LA and SF. But now I’m hearing firsthand from developers in California that they’re done building. Too many regulatory processes to wade through.
Source: Reuters - 🏆 2. / 97 Read more »