Tag: Stock

How to Play Goldman Sachs’ Big Call This Week on Micron Technology Stock



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In a market made up of stocks, Micron Technology (NASDAQ:MU) is one known to march to the beat of its own drummer. But in today’s market, is now a better time to buy, sell or hold off on MU stock? Let’s explore what’s happening off and on the price chart, then offer a risk-adjusted determination aligned with those findings.



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Despite a punishing novel coronavirus detour earlier this year, 2020 has turned into a standout year for the Nasdaq Composite index. On the back of influential and dazzling rallies in Apple (NASDAQ:AAPL), Tesla (NASDAQ:TSLA), Amazon (NASDAQ:AMZN), Nvidia (NASDAQ:NVDA) and others, the index has soared to new highs and returned more than 23%.

No doubt investors can thank the Nasdaq’s strong gains to both a loose-handed, generous Fed

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International Game Technology: Momentum Has Potential To Further Lift The Stock (NYSE:IGT)

Sports Betting Could Fuel International Game Technology For Years To Come

International Game Technology PLC (IGT) operates and provides gaming technology products and services worldwide. Recently, the company has gotten more and more involved in the fast-growing business of sports gambling, reaching agreements with Boyd Gaming (BYD) and Fanduel (OTCPK:PDYPY) to bring their PlaySports platform (Figure 1) to new areas across the U.S. Deals like these are exactly what the company drastically needed following a tough first half of the year due to COVID-19 shutdowns. The return of sports and casinos re-opening in many places across the nation have the potential to bring considerable growth back to IGT’s stock. We have seen this happen already with DraftKings (DKNG) and Penn National Gaming (PENN) both more than quadrupling from lows in March and breaking beyond 52-week highs. This leaves further room for IGT to climb back to their respective 52 week

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As a UK investor, should I buy shares in $70bn US tech stock Snowflake?

US tech stock Snowflake (NYSE:SNOW) debuted on the New York Stock Exchange yesterday with the most valuable software initial public offering (IPO) ever! After being pitched to sell at around $120, Snowflake shares began trading at $245.



Financial technology concept. Stock market crash.


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Financial technology concept. Stock market crash.

What does Snowflake do?

A cloud software provider, Snowflake allows the analysis and sharing of immense amounts of data with on-demand capacity. It aims its services at small-to-medium-sized companies and offers scaling and pricing flexibility that outperforms competitors.

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Google, Microsoft and Amazon are its chief rivals, but it also partners with them to provide its services. Investors have noted this conflict of interest could be a flaw in its system going forward. And Snowflake itself indicated the risks in partnering with competitors in its IPO filing. Nevertheless, it’s clearly not overly worried and is committed to spending $1.2bn on

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Snowflake Stock More Than Doubles in IPO Debut

On Tuesday, Snowflake sold 28 million shares for $120 each, a sharp increase from its initial price range of $75 to $85. It raised a total of $3.4 billion in its offering, which was led by Goldman Sachs and Morgan Stanley.

The company’s revenue has been growing quickly, jumping 133 percent in the first six months of the year to $242 million, up from $104 million during the same period last year. But it is also unprofitable, losing $171 million in the first half of this year. In its offering prospectus, Snowflake emphasized that once customers begin using its services, it often gets them to move more of their data onto its platform.

Snowflake’s largest investors include Sutter Hill Ventures, which owns 20 percent of the company, as well as Altimeter Capital, Redpoint Ventures, Sequoia Capital and Iconiq Capital. Last week, Berkshire Hathaway and Salesforce Ventures each agreed to purchase

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Is CyberOptics (CYBE) Stock Outpacing Its Computer and Technology Peers This Year?

Investors focused on the Computer and Technology space have likely heard of CyberOptics (CYBE), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company’s year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

CyberOptics is one of 602 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CYBE is currently sporting a

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Goldman’s global stock chief says tech investors should expand beyond the usual mega-cap favorites and focus on these 3 specific areas


  • Peter Oppenheimer – the chief global equity strategist at Goldman Sachs – said in a Bloomberg interview that investors should diversify out of popular mega-cap tech names and consider three new areas within the sector: medical tech, educational tech, and environmental tech. 
  • He said that the new bull market we’re in right now will be driven by large tech firms, similar to the prior instance, as digital revolution disrupts the nature of many “traditional businesses.”
  • Oppenheimer also said the traditional 60/40 portfolio is likely to generate “very low return.”
  • Visit Business Insider’s homepage for more stories.

Investors with all of their holdings concentrated in mega-cap tech stocks may want to diversify into three specific areas within technology that are likely to grow during this new bull market phase, according to Goldman Sach’s Peter Oppenheimer.

The chief global equity strategist told Bloomberg on Wednesday the new cycle we’re in

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Facebook Refuses to Comment on Celebrity Boycott after Millions Briefly Wiped from Stock

Facebook has declined to comment after a rush of high-profile celebrities joined the Stop Hate for Profit boycott movement this week.

The Mark Zuckerberg-led social network is facing renewed pressure from the coalition of civil rights groups behind the anti-hate campaign, which this week gained support from Kim Kardashian West, Sacha Baron Cohen, Mark Ruffalo and many more.

When asked what impact the proposed freeze on uploads to Facebook and Instagram would have on the platform, a spokesperson did not acknowledge the question but sent back a list of “resources with the important steps we’ve taken on these issues.”

The campaign has called for a “one-day moratorium” on uploads to protest what it calls Facebook’s “repeated failures to address hate speech and election disinformation.”

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“I can’t sit by and stay silent while these platforms continue to allow the spreading of hate, propaganda and misinformation,” Kardashian West

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Tesla Stock Price Surges Again As App Downloads Point To Q3 Earnings Beat

KEY POINTS

  • Tesla might be poised to exceed deliveries of its electric vehicles in the third quarter
  • This estimate stands at 145,000 EVs, triggering a two-day long recovery in Tesla’s stock price
  • The rebound could be attributed to the number of Tesla EV downloads on the company’s mobile app

From a massive 21% plunge in its stock price on Sept. 8 to an equally impressive rebound this week, Tesla investors are left wondering what’s behind the stunning turnaround in fortunes for the electric vehicle maker. The answer might be Tesla app downloads.

Tesla posted a massive 13% comeback Monday and a 7.2% jump Tuesday on the heels of a research report pointing to a possible increase in electric vehicle sales. Released Monday, Goldman Sachs revealed it’s now counting the number of downloads of Tesla’s app to figure out how many EVs Tesla is actually selling. The news was apparently enough

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What market history says about Nasdaq, tech stock rebound lasting

September has been a volatile month for the Nasdaq Composite Index. After hitting an all-time high on September 2, crossing above 12,000 for the first time ever, the Nasdaq dropped by over 9% within a week and entered a technical correction.

No surprise: the selloff in the tech-heavy stock market index was led by some of the biggest names in tech. The Technology Select Sector SPDR, also known as XLK and which tracks the stock market’s leading sector, also had recent losses greater than 10%.

But this week, the Nasdaq, and some of the hottest technology stocks that have led the recent bull market, like Apple and Tesla, are bouncing back. 

Will the rebound in the stock market, and tech stocks, last?

According to recent market history, rapid selling in tech and the Nasdaq could present a buying opportunity that lasts.

Tesla shares jumped in early trading on Tuesday, building

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How Aspen Technology (AZPN) Stock Stands Out in a Strong Industry

One stock that might be an intriguing choice for investors right now is Aspen Technology, Inc. AZPN. This is because this security in the Computer – Software space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Computer – Software space as it currently has a Zacks Industry Rank of 65 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Aspen Technology is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are

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