Big Tech stocks are slipping as Wall Street heads into the second half of the year. CFRA Research Chief Investment Strategist Sam Stovall joins Wealth! to...
Big Tech stocks are slipping as Wall Street heads into the second half of the year. CFRA Research Chief Investment Strategist Sam Stovall joins Wealth! to discuss the pullback in tech and what to expect from the market in the back half of 2024.
So the long term play there for investors and what do you think about tech if you should you avoid it at this point?Or do you think that this is still a viable sector for investors that are just getting into the game?Um And actually what you could do is just wait for some softness in prices uh in the weeks ahead and then use that as a better buying opportunity.
And come the latter part of this year, a lot of the analysts will be focusing on 2026 expectations and most of the decisions to buy or sell will be based on those forecasts. Well, I think it adds, uh you know, bolsters the conviction that investors have had over the last week and a half.
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.
Retirement investments are keeping big tech strong: StrategistBig tech has been the focus of Wall Street for most of 2024, but can it continue to perform as well as it has year to date? Mahoney Asset Management...
Read more »
'Disciplined' approach key amid tech concentration: StrategistAs Nvidia (NVDA) spearheads the tech sector rally, questions arise about potential market broadening. Jason Pride, Glenmede chief of investment strategy and ...
Read more »
The next big thing for AI will be utilities: StrategistThe AI trade keeps on spinning as Big Tech names continue to defy expectations and show they may have even more room to grow. These AI plays aren't only...
Read more »
Why the Fed is closely watching the labor market: StrategistInitial jobless claims for the week ending on June 22 declined to 233,000, a decrease of 6,000 from the previous week. The print pointed to a potential...
Read more »
Why market concentration isn't the whole risk story: StrategistThe Technology Select Sector SPDR Fund (XLK) has spearheaded much of this year's market gains, sparking investor concerns about market concentration. Charles...
Read more »
Why the S&P 500 is '10% above where it should be': StrategistNvidia (NVDA) has been on a downturn, with a three-day losing streak. As a result, the S&P 500 (^GSPC) also began to slump as Nvidia holds considerable...
Read more »