Tech has powered the stock market’s rally to all-time highs this year. Now, Wells Fargo thinks investors may want to take some chips off the table. Strategist Douglas Beath downgraded the sector to neutral, pointing to sky high valuations. Technology as a group trades at more than 46 times trailing earnings, according to FactSet. That’s…
CNBC’s Jim Cramer analyzed Monday’s session, saying stocks — especially tech names — managed to rebound from last week as Wall Street sees an end to the government shutdown. “With the government potentially about to reopen, it’s back to business as usual, and that means the data center stocks come roaring back,” he said. The…
Technology’s tough week may come with a silver lining: an attractive buying opportunity, according to Fundstrat. Technical strategist Mark Newton noted that tech stocks are now at prices suitable for investors to buy the dip. “It looks too early to give up on Technology,” Newton wrote Thursday night in a note to clients. “Despite the…
Investors can buy the dip on some key tech stocks after this week’s market losses, according to Eddie Ghabour, Key Advisors Wealth Management managing partner. Stocks declined this week on worries that the AI-powered bull market could get hit by an economic slowdown and historically elevated valuations. Data released Friday showed that consumer sentiment has…
Next week could get dicey for markets as earnings slow to a trickle and investors continue to go without government data. There was already more trepidation in the market this past week. On Friday, stocks are on pace to snap a three-week advance, with technology dragging all three major indexes into the red. The Nasdaq…
SHENZHEN, CHINA – AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images) Vcg | Visual China Group | Getty Images Asia-Pacific markets opened lower Friday, tracking Wall Street declines on persistent concerns over lofty valuations in artificial intelligence…
CNBC’s Jim Cramer offered advice on how to deal with declines, using Tuesday’s down session as an example. He encouraged investors to use widespread losses as a buying opportunity, pointing out that the indexes managed to rebound on Wednesday. “If you trust the market, if you don’t believe that one stock controls the entire tape,…
My top 10 things to watch Wednesday, Nov. 5 1. Democrats had a big election night in the country’s three most contested races. Democratic socialist Zohran Mamdani won the New York City mayoral race. In New Jersey, Democrat Mikie Sherrill won the gubernatorial race. In Virginia, Democrat Abigail Spanberger won to become the commonwealth’s first-ever…
Michael Burry unnerved investors this week with seemingly fresh wagers against artificial intelligence favorites Nvidia and Palantir Technologies . However, despite the splash his disclosure made, the famed “Big Short” investor is likely sitting on losses from those bearish bets. Burry’s hedge fund, Scion Asset Management, held about 50,000 put contracts on Palantir and 10,000…
A trader works at the New York Stock Exchange on Nov. 3, 2025. NYSE This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Shock value Stocks sold off yesterday amid investor concerns about the valuations of…