(Bloomberg) — Micron Technology Inc. gave a surprisingly downbeat forecast for the current quarter after demand for phones and computers weakened, but vowed to move aggressively to stave off a chip glut. The company — the largest US maker of memory semiconductors — warned that sales will be about $7.2 billion in its fiscal fourth […]
Read More(Bloomberg) — Skeptics have long made a sport of predicting that the decade-long rally in technology stocks was destined to reverse. At the halfway point of 2022, it seems like this is the year when they will be proven right. The Nasdaq 100 Index has tumbled by almost a third this year, including a 1.3% […]
Read MoreThe Tech sector has enjoyed the lion’s share of attention among all segments of the economy for a number of years. That’s been a good thing during bull markets, but it also means the sector really gets pummeled when uncertainty increases. Since 2020, that attention – driven in no small part by the role of […]
Read More2022 has played out pretty differently than a lot of experts thought it would. While the COVID-19 pandemic is still not over, it has been surpassed in newsworthy conversations – political, social, or economic – by the reality of high inflation, rising interest rates, and geopolitical turmoil. It’s been enough to push all of the […]
Read More(Bloomberg) — Tesla Inc. looks more than ever like a mature company, with 11 consecutive quarters of profits and long-term production goals. Yet analysts couldn’t disagree more about where the shares of Elon Musk’s company are going. Their price targets — predictions for the electric-vehicle maker’s stock 12 months from now — range from a […]
Read More(Bloomberg) — Shares of companies renowned for potentially innovative and disruptive products took a gut punch in the past year, but a senior executive at Goldman Sachs Asset Management has a simple message for investors in them: Keep the faith. Katie Koch, chief investment officer for public equities at GSAM, joined the “What Goes Up” […]
Read MoreLooking for stocks at the low side of their historical ranges is a no-brainer approach for a value-oriented investor, because generally increases the odds that the stock will represent a good bargain. It’s an idea that that growth-focused investors and traders don’t embrace, because even the newest, least experienced investor already has it drilled into […]
Read More(Bloomberg) — Three days of heavy selling in technology stocks has erased about $1.5 trillion in market value from the Nasdaq 100 Index. The tech-heavy benchmark sank 4% on Monday, extending its decline to 10% since the Federal Reserve raised interest rates half a percentage point last week and Chair Jerome Powell signaled the Fed […]
Read MoreOne of the big challenges for average investors is sifting through the mountains of information that comes from the market on a daily basis. I think that may be the biggest reason that so many investors have learned over the course of decades of market activity to rely on analyst estimates for a company’s future […]
Read More(Bloomberg) — Software shares took their hardest hit since March 2020 as investors shunned the priciest corner of the U.S. technology group that’s particularly vulnerable to higher interest-rates and slower economic growth. Tech losses were huge on Thursday with the Nasdaq 100 Stock Index sinking more than 5%. But for software makers such CrowdStrike Holdings […]
Read MoreI’m something of a movie buff. I memorize the dialogue from my favorite movies and drive my family nuts when they try to watch a movie with me because I’ll voice the dialogue out loud with the characters. I guess it shouldn’t be too much of a surprise, then to admit that I often find […]
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