Nvidia, Tesla and Meta are helping power a growth-stock surge that has challenged BlackRock and Goldman Sachs
Some of the biggest names on Wall Street including Goldman Sachs and BlackRock have projected 2023 to be another year for favoring value stocks over their growth peers, amid rising interest rates and looming recession risks.US growth stocks are on track for their best quarterly run in three years relative to the value segment, despite fears of an impending economic downturn and the recent financial-sector turmoil sparked by the largest bank collapse since 2008.
Growth stocks have outperformed this quarter mainly due to a retreat in inflation and market interest rates, according to Jamie Dutta, a market analyst at multi-asset online broker Vantage. "The banking crisis probably means we are very close to the end of the rate hike cycle as financial conditions tighten. That could hasten rate cuts sooner so those growth companies with strong balance sheets and low debt loads will be sought after," Dutta told Insider in emailed comments.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here are Friday's biggest analyst calls: Nvidia, Tesla, Wendy's, Microsoft, Coinbase, Netflix & moreCoinbase was downgraded by TD Cowen, while Cowen named Cboe a top pick.
Read more »
French researchers got $350K and a new Tesla after hacking a Tesla Model 3During a hackathon this week, researchers at Synacktiv hacked into a Tesla Model 3's energy management and infotainment system.
Read more »
BlackRock to keep questioning boards on 'material' climate risksBlackRock Inc, the world's largest asset manager, said on Thursday it would continue to push companies for details on how they treat 'material' climate-related risks, despite criticism from some U.S. politicians for its stance on the energy transition.
Read more »
Cyberpunk 2077 is getting film-like path tracing with new Overdrive Mode in AprilNvidia is helping Cyberpunk 2077 get full ray tracing
Read more »
‘Cyberpunk 2077’ is getting a path-tracing tech preview in April | EngadgetNvidia wants game developers to remember that ray tracing isn’t the end of the line.
Read more »
Watch out -- Diablo IV might break your Nvidia GPU | Digital TrendsSome users are experiencing a disastrous side effect of playing the DiabloIV open beta -- their GPUs are dying.
Read more »