Tag: Stocks

Tech stocks bolster Wall Street after mixed bank results

(Reuters) – Wall Street’s main indexes edged higher on Wednesday, supported by technology stocks, as investors parsed through a mixed bag of quarterly earnings reports from major U.S. banks.

FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 27, 2020. REUTERS/Lucas Jackson

Goldman Sachs gained 0.6% as strength in its trading business helped quarterly profit surge 94%. Bank of America slipped 2.5% after it missed revenue estimates and Wells Fargo shed 3% as its profit fell short of forecasts.

The S&P 500 banks index ticked 0.2% lower.

Analysts expect earnings for the financial sector to slump 12.1% in the third quarter from a year earlier, while overall S&P 500 companies are expected to report a 19.6% drop in earnings,

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2 Tech Stocks to Buy Before the Next Surge

These days TSX tech stocks provide investors with some of their biggest growth. So it’s crucial you have at least some exposure to these stocks, as missing out could lead you to underperform the market severely.



Wireless technology


© Provided by The Motley Fool
Wireless technology

With so many tech stocks doing such similar and complicated things, for the average investor to understand, it can be difficult to decide which stocks you want to invest in.

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That’s why, first and foremost, you must understand the business. If you can’t explain how a company makes its money, then there is no way you can adequately tell if the stock has value today or whether it’s a good investment.

And although it’s crucial to have exposure to tech stocks, many of these companies are higher risk. So unless you have a tonne of conviction for a certain tech stock, I would generally

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7 Big Tech Stocks to Buy For Blockchain And Crypto Exposure

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Following the creation of the first cryptocurrency Bitcoin (BTC) in 2009, other cryptocurrencies such as Ethereum (ETH) and Ripple (XRP), followed suit to bring further attention to blockchain technology.

But there’s a lot of potential for the blockchain. According to recent research led by Vida J. Morkunas of Lulea University of Technology, Sweden and published by the Kelly School of Business, Indiana University:

“Emerging technologies regularly serve as enabling forces for economic, social, and business transformation.. [B]lockchain placed among the top five technology trends in 2018… Therefore, blockchain is predicted to challenge existing business models and offer opportunities for new value creation.”

As you probably know, the blockchain is a public digital ledger and a record-keeping technology. All transactions that have written in blocks are immutable, and information can never be erased. Furthermore, they are transparent to all parties in

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Worried About a Stock Market Crash? Buy These Recession-Proof Tech Stocks

Sure, the stock market is booming now, but remember that it was also booming in January of this year — right before the quickest market crash of all time. Meanwhile, Congress is at an impasse on a new stimulus deal, even though leading Federal Reserve officials are pleading for more fiscal help.

A sudden market turnaround isn’t out of the realm of possibility. You can prepare for it and reduce your risk by investing in recession-resistant businesses. Investing in recession-proof stocks lets you sleep well at night and hold for the long-term, no matter what craziness is going on in the real economy. While no stock is 100% immune to the real economy, some companies have better business models for dealing with downturns, even in the high-flying technology sector.

Some recession-resistant companies offer needed goods or services that must be bought in good times and bad. Others cater to a

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Stocks Drop on Stimulus Deadlock as Banks Tumble: Markets Wrap

(Bloomberg) — Stocks fell on speculation that recent gains have outpaced prospects for a quick end to the stalemate over fresh economic stimulus. Treasuries and the dollar climbed.



A pedestrian wearing a protective face mask is reflected in an electronic stock board outside a securities firm in Tokyo, Japan, on Thursday, Sept. 17, 2020. Japanese stocks were set for their fourth straight weekly gain, the longest winning streak since November, as investors moved back in following this week’s central bank rate decisions at home and in the U.S.


© Bloomberg
A pedestrian wearing a protective face mask is reflected in an electronic stock board outside a securities firm in Tokyo, Japan, on Thursday, Sept. 17, 2020. Japanese stocks were set for their fourth straight weekly gain, the longest winning streak since November, as investors moved back in following this week’s central bank rate decisions at home and in the U.S.

Banks led losses in the S&P 500, with JPMorgan Chase & Co. and Citigroup Inc. sinking as investors worried that third-quarter earnings signaled just a pause in pain from soured loans. Eli Lilly & Co. tumbled after putting its government-sponsored antibody test on hold due to potential safety concerns, hours after Johnson & Johnson paused its Covid-19 vaccine trial. Amazon.com

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Is Pegasystems (PEGA) Outperforming Other Computer and Technology Stocks This Year?

Investors focused on the Computer and Technology space have likely heard of Pegasystems (PEGA), but is the stock performing well in comparison to the rest of its sector peers? Let’s take a closer look at the stock’s year-to-date performance to find out.

Pegasystems is a member of the Computer and Technology sector. This group includes 613 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. PEGA is currently sporting a Zacks Rank of #2 (Buy).

Within

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34 Stocks Moving in Tuesday’s Pre-Market Session



a close up of a device


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Gainers

Auris Medical Holding Ltd. (NASDAQ: EARS) rose 91.8% to $1.62 in pre-market trading. Bloomberg reported that Johnson & Johnson was accused in a lawsuit of deceiving investors regarding performance-based earnings from Auris Health. It should be noted the two companies, Auris Medical and Auris Health, are not related. Apex Global Brands Inc. (NASDAQ: APEX) rose 49% to $10.00 in pre-market trading after gaining 15% on Monday. Nxt-ID, Inc. (NASDAQ: NXTD) shares rose 46.6% to $0.4880 in pre-market trading. Altimmune, Inc. (NASDAQ: ALT) shares rose 19.8% to $15.10 in pre-market trading. Altimmune yesterday published positive pre-clinical data on its new COVID-19 vaccine candidate. Color Star Technology Co., Ltd. (NASDAQ: CSCW) rose 16% to $0.6260 in pre-market trading after gaining over 11% on Monday. Ethan Allen Interiors Inc. (NYSE: ETH) shares rose 12% to $17.51 in pre-market trading after the company issued strong Q1 guidance. SM Energy

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Nothing can keep tech stocks down as Apple and Amazon shine

A big week for Apple and Amazon is buoying tech stocks, pushing the Nasdaq Composite back to the lofty levels it reached in late August. That may raise eyebrows, but good luck finding true skeptics.



a group of people standing in front of a crowd: SHANGHAI, CHINA - OCTOBER 11, 2020 - People come and go inside and outside the apple store on Nanjing Road In the evening, Shanghai, China, October 11, 2020 - PHOTOGRAPH BY Costfoto / Barcroft Studios / Future Publishing (Photo credit should read Costfoto/Barcroft Media via Getty Images)


© Costfoto/Barcroft Media/Getty Images
SHANGHAI, CHINA – OCTOBER 11, 2020 – People come and go inside and outside the apple store on Nanjing Road In the evening, Shanghai, China, October 11, 2020 – PHOTOGRAPH BY Costfoto / Barcroft Studios / Future Publishing (Photo credit should read Costfoto/Barcroft Media via Getty Images)

What’s happening: Apple is due to unveil its latest iPhones on Tuesday at a highly-anticipated event, while Amazon has launched its flagship Prime Day sale, marking an early start to the holiday shopping season.

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Expectations for the Apple event drove the company’s shares up more than 6% on Monday, and they’re up another 2% in premarket trading. Amazon’s stock jumped almost 5%

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China Tech Stocks Seen as Better Bet Than Under-Fire U.S. Peers

(Bloomberg) — Chinese internet stocks will keep outperforming their U.S. counterparts in the months ahead as regulatory challenges to America’s technology giants mount in Washington and Brussels, according to some investors.

Their reasoning includes expectations that weakening the U.S. megacaps will help bolster the relative attractiveness of Chinese technology companies, which are continuing to invest in areas of growth. Meantime, the growing uncertainty over prospects for the U.S. sector could send buyers to their cheaper Chinese peers which are still being championed by the government in Beijing.

“The structural trend for China tech remains intact,” said Edward Lim, chief investment officer at Covenant Capital Pte. in Singapore. The sector trades on lower valuations and with higher growth prospects than the U.S. and it faces lesser regulatory risk from its own authorities, he added.



chart: Chinese tech shares have outperformed the Nasdaq this year


© Bloomberg
Chinese tech shares have outperformed the Nasdaq this year

The MSCI China Information Technology Index

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D-Street Buzz: IT stocks trade mixed



a person with the hand on the face: D-Street Buzz: IT stocks trade mixed - Coforge, HCL Tech, Mphasis up 1-2%; Wipro trades flat ahead of earnings


© Nishant Kumar
D-Street Buzz: IT stocks trade mixed – Coforge, HCL Tech, Mphasis up 1-2%; Wipro trades flat ahead of earnings

The Indian stock market continues trading in the green with Sensex up 120.79 points or 0.3 percent at 40714.59, and the Nifty adding 36.30 points or 0.3 percent at 11967.30.

Among the sectors, the IT index added half a percent led by HCL Tech and Coforge which gained 2 percent each followed by Info Edge, Mphasis and Tech Mahindra.

Share price of Wipro was trading flat with the stock quoting at Rs 376.75, down Rs 0.80, or 0.21 percent. It has touched an intraday high of Rs 378.00 and an intraday low of Rs 373.

Wipro is expected to report around 3.5 percent dollar revenue growth QoQ in the quarter ended September 30, 2020. Large deal wins and easing of supply-side constraints may boost topline.

The constant currency

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