‘Growth’ stocks still not cheap, cautions JPMorgan

, with Facebook down 38%, Apple down 5.7%, Amazon down 8.5% and Netflix and Google down 35% and 10% respectively. .

“As Growth stocks weakened of late, they derated, but are still not outright cheap,” JPMorgan’s analysts said in a note to clients, adding that banks and commodity-linked stocks which have rallied this year thanks to rising oil and metals prices or interest rates were still “far from expensive”. Years of record-low rates have fuelled the tech stock rally but with those rates now rising again the appeal of stratospherically-valued tech stocks gets dimmer for investors, especially if their growth trajectories splutter.

“Our fixed income strategists expect U.S. 10-year yields to reach 2.35% by the end of this year, and German 10-year yields to reach 0.5%.” Treasury yields are now at 1.92% and Germany bunds are at 0.2%.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Hot housing market in quaint B.C. ski town represents wider affordability woesThe new year is ushering in dramatic price increases for smaller communities in B.C. that have already seen relentless growth We need to get rid of airbnbs. They are taking over every town in BC. It doesn't take much to see the hundreds of short term rentals compared to long term. Yet no one wants to touch airbnb why is that? Oh yeah the $$$
Source: globeandmail - 🏆 5. / 92 Read more »