Displaying items by tag: nasdaq

Friday, 03 August 2018 09:41

Five Great Tech Buys

(San Francisco)

Tech stocks have two very unappealing characteristics right now. They are at once both very expensive and increasingly vulnerable, as evidenced by their major selloff over the last week and a half. However, there are cheap tech shares out there, and Barron’s wants to share them with you. The five cheapest tech stocks in the Nasdaq 100 are Micron Technology, Western Digital, Seagate Technology, Lam Research, and Applied Materials. Their P/E ratios range from a low of 5.2x to a high of 11.9x.


FINSUM: Just a note of caution—these stocks were not selected to be good value, they were presented solely on the basis of valuation, so the multiples may be very representative of the quality of their businesses.

Published in Eq: Large Cap
Tuesday, 31 July 2018 08:55

Can The Market Survive as Tech Falls?

(New York)

With tech falling so strongly in recent days, a sense of panic is spreading across the media and markets, and it is all centered around one question—will the trouble in tech bring down the whole market? Tech accounts for a major part of the total capitalization of the market, and thus its ability to bring down stocks as a whole is strong. This seemed to be evidenced yesterday, as big falls in Netflix and Twitter conspired to bring all major indexes down significantly, though the Nasdaq fell the most. Now all eyes will turn to Apple, the only FAANG stock in the Dow, as it releases earnings.


FINSUM: Tech has accounted for so much of the price expansion and earnings growth of the market that it has an importance that extends even beyond these. Thus, we think a lot of investor sentiment about the whole market hinges on the performance of tech.

Published in Eq: Large Cap
Friday, 29 June 2018 09:36

Bitcoin Losses Reach Dotcom Levels

(New York)

Losses on Bitcoin and other cryptocurrencies are reaching legendary proportions. Total losses on Bitcoin are now around 70% since its peak last December. The loss brings it close to the 78% decline in the Nasdaq seen during the Dotcom bubble. Many other coins have gone to essentially zero.


FINSUM: The Dotcom bubble is an interesting comparison. The reason why is that though prices were far too high, the market did call correctly that the internet would be hugely disruptive to industry and create very valuable businesses. Will the same happen with crypto, but ten years down the line?

Published in Eq: Tech
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