FlowBank

371 days ago

More tech names rise above 200day m.a. $QQQ $SPY #trading
The S&P 500 Technology sector has more stocks above their 200-day average than any other sector. And the spread between Tech and the S&P 500 climbed to the highest level since June 2020. Source: Dean Christians
#Stocks #Technology

377 days ago

It's Big Tech vs Banks. Who's winning? $QQQ $KRE $XLF #trading

How did stocks of tech giants do amid the banking crisis?  The banking crisis has brought enormous uncertainty (and fears) but the fall in government bond yields helped lift up tech stocks.

#Stocks #Technology

384 days ago

#Tech outperforms #Nasdaq #trading $QQQ $SPY

It has been our house view that tech would be the biggest beneficiary of the banking stress. But since SVB, Credit Suisse has created a larger risk, which has been reduced by now, thanks to the rapid coordinated actions of regulators. It reminds investors that regulators do not have the risk appetite to put the current system in danger. Treasury yields fell off a cliff and that is supporting tech stocks, boosting their valuation multiples. But also, earnings and newsflow continue to be strong, such as earnings for Adobe last night. Earlier we also had the news of more layoffs and cost reductions for tech mega caps Meta and Apple.

#Stocks #Technology

426 days ago

The decrease in market rates is favouring growth stocks.

The Nasdaq is leading the upside charge after Meta's positive results and Powell's less aggressive tone boosted confidence in better earnings growth.

#Stocks #Technology

456 days ago

#Alibaba's Ant gets approval to expand capital $BABA $KWEB #stocks #trading #China #tencent

Alibaba’s Hong Kong-traded shares traded 8% higher Wednesday on the positive news that Ant Group’s consumer finance unit has received approval to more than double its registered capital, a first sign of progress since the cancellation of Ant's IPO in late 2020. Could it be a new positive era for Chinese tech?

#Stocks #Technology
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