A clear narrative is emerging in equities (^DJI, ^IXIC, ^GSPC) as the tech sector (XLK) undergoes a rotation, with Big Tech earnings failing to impress...
) undergoes a rotation, with Big Tech earnings failing to impress investors despite high valuations. Winthrop Capital Management portfolio manager Luke Stone joins Catalysts to discuss these market dynamics .
Of course, those big tech earnings taking a look at Microsoft's results after the bell on Tuesday, adding to the so called no good, very bad month for Big Tech and A G. It's the ETF that tracks magnificent.The fall way on the tech heavy NASDAQ, which is on track for its worst, worst month of 2024 so far here with more on the sector and recent earnings.
Have you done anything with your Microsoft holdings in the last 24 hours and did that commentary on the earnings called change your long term thinking on the stock.Um, I, I think first and foremost, we, we don't wanna just make an impulse decision or a snap decision based off, uh, one print and, and like you said, you have to wait for the call, um, and, and wait for, uh, to see how the broad based market moves.
Um It is starting to uh you know, get ahead of their skis on valuation and those growth prospect prospects are are getting very hard to hit. Uh You're seeing employment start to uh take some uh hit right now and, and growth is starting to uh decelerate or, or, or, or at least there's concerns that you'll, you'll see deceleration and growth.But if you don't have a customer base to uh you know, execute on in a year from now, or if that customer base, you know, declines from worsening economic scenarios, you're gonna run into issues uh down the road.
Um You know, I think you're starting to see this delineation between, you know, the, the, the manufacturers or the, the hardware.So, yes, II I do think that although, you know, the stock has run up as well, I do think it's a good buying opportunity given the prospects of the broad market.Lisa Kudrow Thought Her ‘Friends’ Performance Got ‘Lazy’
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