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The Dow Jones Industrial Average dropped Thursday after initial unemployment claims. Apple stock dived on an expanded China ban...
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Big Tech could come under big pressure from overseas regulators and fresh economic prints. Citi Global Wealth Head of North American Investments Kristen Bitterly is eyeing the "Magnificent Seven" stocks — comprised of tech giants Apple (AAPL), Amazon (AMZN), Google (GOOG, GOOGL), Meta, Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) — and how these innovators are contending with the Fed's interest rate goals. "If we are in an environment where you're going to have higher rates for longer, then obviously you would want companies in your portfolio that have really strong balance sheets," Bitterly tells Yahoo Finance Live. "But I also think if you're in the camp where we could see a soft landing scenario, that then you would anticipate this rally could broaden out into other parts of the market." Bitterly highlights the way China's economic slowdown can hang over tech stocks and other developing tech economies...
Continue ReadingStocks were mixed in early trading, as Apple shares fell for a second day after China’s ban on iPhone use for government officials at work...
Continue ReadingConsider investing in mega-cap, liquid technology stocks, such as the TQQQ ETF, which is holding up well in the volatile environment. Learn why I prefer TQQQ over unleveraged ETFs...
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David Tepper's 13F portfolio value increased from ~$1.89B to ~$5.39B this quarter. Read more about the portfolio here...
Continue ReadingWhich? delves into the data collection practices of popular smart home device brands and found alarming trends...
Continue Reading(Bloomberg) -- China plans to expand a ban on the use of iPhones in sensitive departments to government-backed agencies and state companies, a sign of growing challenges for Apple Inc. in its biggest foreign market and global production base.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderFed Set to Double Its Economic Growth Forecast After Strong US DataSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackStocks Retreat After Hot ISM Fuels Fed-...
Continue ReadingEquity investors should look beyond the hype for companies with clear strategies to profitably monetize the benefits of generative AI...
Continue ReadingThe current catchphrase in the markets is âThe Magnificent Seven,â referring to the seven stocks that have dominated year-to-date (YTD) market performance...
Continue ReadingInvesting.com-- Most Asian stocks fell on Thursday as trade data pointed to continued weakness in the Chinese economy, while regional technology shares were hit by the prospect of more U.S. curbs on China after officials balked at a supposed Chinese chip breakthrough...
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