Tag: Stocks

Has QUALCOMM (QCOM) Outpaced Other Computer and Technology Stocks This Year?

Investors focused on the Computer and Technology space have likely heard of QUALCOMM (QCOM), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of QCOM and the rest of the Computer and Technology group’s stocks.

QUALCOMM is one of 601 companies in the Computer and Technology group. The Computer and Technology group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to

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Stocks close sharply lower as tech sector takes another hit

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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Sept. 23, 2020. Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook.

AP

Wall Street experienced more whiplash Wednesday as stocks closed broadly lower, wiping out the market’s gains from the day before.

The S&P 500 fell 2.4% after giving up an earlier gain. The selling, which accelerated in the afternoon, was widespread, though technology stocks accounted for the biggest losses. The decline deepens the benchmark index’s September slide to 7.5% after a five-month rally.

The market has shifted momentum several times recently. This week alone, a Monday swoon brought the S&P 500 to the edge of a 10% drop from its record high set on Sept. 2, what Wall Street calls a correction.

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Dow Falls Over 500 Points As Tech Stocks Drag Market Lower

Topline

The market fell sharply on Wednesday, adding to its sell-off so far in September as tech stocks again came under pressure and investors remained wary about a resurgence in coronavirus cases.

Key Facts

The Dow Jones Industrial Average closed down 1.9%, or 525 points, on Wednesday, while the S&P 500 fell 2.4% and the tech-heavy Nasdaq Composite dropped 3.0%.

Shares of Big Tech stocks, which have been the source of the sell-off in recent weeks, again dragged the market lower: Apple, Amazon, Microsoft, Netflix and Google-parent Alphabet all fell around 3% or more.

Tesla stock plunged over 9% after the company’s highly anticipated ‘Battery Day’, in which CEO Elon Musk detailed a new battery design that he says will make Tesla’s cars cheaper to produce. 

Some Tesla investors

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4 Tech Stocks DEFYING the NASDAQ’s Weakness

The tech-heavy NASDAQ index is currently in the midst of correction. The index has fallen over 10% since hitting its year-to-date high of $12,074 on September 2nd. The NASDAQ’s recent weakness is viewed as a result of excessive bullishness around technology and growth stocks over the last few months. The key reasons behind the tech-led sell-off is profit taking and sector rotation.

Despite the index’s recent sell-off, there are still some technology stocks that have been significantly outperforming. These technology stocks are being driven up by the strength of their fundamentals and positive business trends. There is still significant upside left in these stocks due to a continued rise in demand for their products and services. These stocks have been constantly innovating, and their leadership positions in their respective fields bodes well for their future performance.

Zoom Video Communications (ZM), Snap, Inc. (SNAP), Pinterest, Inc. (PINS), and Digital Turbine, Inc.

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These Are the 7 Best Semiconductor Stocks to Buy Today

While biotech and pharmaceutical stocks have been growth champions in 2020, their performance has a limited lifespan. Once a vaccination for the novel coronavirus is found, produced and distributed, the focus on that sector will die down. But while those industries will fade in popularity, there are still plenty of good semiconductor stocks to buy now.

That’s true because technology will continue to see big gains. From AI stocks to 5G stocks, there are plenty of opportunities for investors interested in technology. One of the most long-lived segments in the tech industry is actually at a stage when it’s once again, one of the most exciting. Silicon continues to make big leaps forward, and it ultimately powers all of that promising tech, from AI to gaming and smartphones. All of that’s a large part of why such companies frequently make it into Growth Investor.

With that in mind, here’s

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7 Best Blockchain Stocks to Buy for the Rest of 2020

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

With millions of Americans suddenly forced to work from home due to the still-raging pandemic, many turned to trading platforms like Robinhood for a crash course in investing. That right there bodes very well for so-called blockchain stocks, or companies levered to the technology that underlines cryptocurrencies. But to understand the potential of this sector, one needs to have a basic understanding of this advanced digital architecture.

Look up the definition of a blockchain and you’ll come across something like this: a distributed, decentralized, public ledger. To truly appreciate blockchain stocks, it’s easier to think about what this innovation isn’t. For instance, take a look at a central bank, which has three distinct characteristics:

  • Non-distributed: central banks make monetary policy decisions internally and do not distribute their authority to the public.
  • Centralized: all authority is ultimately given to a governing
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Tech lifts stocks as poor data rekindles stimulus hopes

MILAN (Reuters) – Shares rose and the dollar steadied at new highs on Wednesday, with overnight gains by Wall Street tech champions helping balance concerns that new restrictions to counter coronavirus infections will hurt the economic recovery.

Renewed hopes of stimulus measures in Europe also came into play after surveys of private sector economic activity in September painted a gloomy picture for the region, with rising COVID-19 infections leading to a downturn in services.

MSCI’s world equity index .MIWD00000PUS, which tracks shares in 49 countries, was 0.3% higher, while the pan-European STOXX 600 .STOXX benchmark progressively extended opening gains to rise 1.3%.

Technology shares were among the strongest gainers from the start in Europe following a rally overnight in U.S. heavyweights Amazon AMZN.O, Microsoft MSFT.O, and Apple AAPL.O, and a positive performance earlier of peers in Asia. Tech companies have been rare beneficiaries of lockdown measures,

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Tech lifts world stocks as economy back in focus

By Danilo Masoni



a group of people performing on a counter: The German share price index DAX graph at the stock exchange in Frankfurt


© Reuters/STAFF
The German share price index DAX graph at the stock exchange in Frankfurt

MILAN (Reuters) – World shares stabilised and the dollar rose on Wednesday with overnight gains of stay-at-home Wall Street tech champions helped balance concerns that new restrictions to counter resurging coronavirus infections will hurt economic recovery.

Wall Street closes higher on Amazon boost, despite economic worries

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First indications from global surveys about economic activity in September gave a gloomy picture for Europe with rising COVID-19 infections leading to a downturn in services.

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MSCI world equity index <.miwd00000pus>, which tracks shares in 49 countries, was 0.2% higher by 0821 GMT, while the pan-European STOXX 600 <.stoxx> benchmark rose 1.1%.

Tech shares were the strongest gainers in Europe following a rally overnight in big U.S. tech stocks Amazon , Microsoft , and Apple .

“This strong performance on

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GLOBAL MARKETS-Asian stocks set to gain after Wall Street’s tech bounce

NEW YORK, Sept 22 (Reuters) – Asian stocks were set to open higher on Wednesday after tech-fueled Wall Street gains although focus is shifting to renewed U.S.-Sino tensions, which could weigh on investor sentiment.

In currency markets, a rising greenback could hold back regional currencies like the Australian and New Zealand dollars during Asian hours.

The dollar index rose 0.441%, with the euro down 0.01% to $1.1705 after Chicago Federal Reserve President on Tuesday mentioned the prospect of raising interest rates.

“The U.S. dollar move will probably be the dominant move for other currencies,” said Commonwealth Bank of Australia currency analyst Kim Mundy.

Wall Street stocks rebounded on Tuesday, led by a 5.7% jump in Amazon.com Inc after Bernstein upgraded the stock to “outperform” on an expected boost from premium subscribers and third-party merchants even once the pandemic is contained.

The Dow Jones Industrial Average rose 0.52%, the S&P 500

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Asian stocks set to gain after Wall Street’s tech bounce

By Suzanne Barlyn

NEW YORK (Reuters) – Asian stocks were set to open higher on Wednesday after tech-fueled Wall Street gains although focus is shifting to renewed U.S.-Sino tensions, which could weigh on investor sentiment.

In currency markets, a rising greenback could hold back regional currencies like the Australian and New Zealand dollars during Asian hours.

The dollar index rose 0.441%, with the euro down 0.01% to $1.1705 after Chicago Federal Reserve President on Tuesday mentioned the prospect of raising interest rates.

“The U.S. dollar move will probably be the dominant move for other currencies,” said Commonwealth Bank of Australia currency analyst Kim Mundy.

Wall Street stocks rebounded on Tuesday, led by a 5.7% jump in Amazon.com Inc after Bernstein upgraded the stock to “outperform” on an expected boost from premium subscribers and third-party merchants even once the pandemic is contained.

The Dow Jones Industrial Average rose 0.52%, the S&P

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