Fastly saga may be warning investors to pick future winning stocks wisely, says strategist

Fading coronavirus stimulus hopes and rising cases across the U.S. and Europe have investors punching the “sell” button on stocks this morning, with the technology sector set to bear the brunt when Wall Street opens.

In our call of the day, O’Rourke suggests investors might want to think carefully about picking future “winners” in an ever-changing world. He turns to what the company itself had to say: “The current global environment has in some ways fueled our business, but has also created areas of uncertainty.”An individual investors may be one step behind already here. According to the Financial Times, some hedge funds are starting to adopt the view that the best is over for some of those so-called COVID-19 winners.

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Stocks making the biggest moves after hours: United Airlines, Fastly & moreThese are the stocks posting the largest moves after hours on Wednesday. I'd be surprised if half the airlines in the world today are still around in five years. Only those backed by wealthy nations will likely survive.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: United Airlines, Fastly & moreThese are the stocks posting the largest moves after hours on Wednesday. I'd be surprised if half the airlines in the world today are still around in five years. Only those backed by wealthy nations will likely survive.
Source: CNBC - 🏆 12. / 72 Read more »