Tech stocks worst two-week stretch since the start of pandemic

Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it plunged … Read more

The individual investor is pessimistic. Here is what that means for the market

The percentage of investors feeling bearish about the stock market is reaching levels last seen during the Great Recession, according to a weekly survey from the American Association of Individual Investors. That negative sentiment could mean that an opportunity is around the corner. Just over three-fifths, or 60.87%, of the approximately 300 investors surveyed reported … Read more

Tech investor Paul Meeks weighs in on Apple and Samsung

Investors have seemingly lost their appetite for tech stocks this year amid a flight to safety. Tuesday’s sell-off on Wall Street saw the six largest US tech companies shed more than $ 500 billion in market capitalization after a hotter-than-expected August inflation report sent stocks tumbling. Top tech investor Paul Meeks is advising investors to … Read more

How financial habits of ‘super savers’ can help you build wealth

Andresr | E + | Getty Images For retirement “super savers,” good financial habits appear to go far beyond fattening up their nest eggs, a new study shows. Most of these workers – whose 401 (k) contributions are at least 15% of their pay or 90% or more of the maximum allowed – also pay … Read more

Bear market bottom or false dawn? Here’s what one strategist says

Major US indexes kept up their second-half bounce with another solid week of gains last week – sparking hope that the bear market might be at an end. But strategist Victoria Fernandez is not calling the bottom yet, as she continues to monitor several key indicators for signs that the market has bottomed. “We are … Read more

The summer rally has been very bullish, but strategists say a big sell-off next month is possible

Stocks’ summer rally may mean the worst of the bear market is over, but even so, strategists who watch charts say another big downdraft is possible in September. Some strategists, in fact, say from a technical standpoint the market could have already launched into a new bull cycle. Others disagree, saying they need more confirmation … Read more

Recession is spreading, warns Peter Boockvar

There may be no escape from recession. The latest reports on housing and manufacturing, according to investor Peter Boockvar, suggest it’s rapidly spreading to other parts of the economy. “People are not being sensitive enough to this economic slowdown and what it’s going to be mean for corporate earnings and profit margins,” the Bleakley Advisory … Read more

5 things to know before the stock market opens Friday, August 12

Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Markets looking up US stock futures pointed to a rally Friday morning, a day after the three major indexes posted mixed results. On Thursday, the Dow finished … Read more

5 things to know before the stock market opens Thursday, August 11

Traders on the floor of the NYSE, Aug. 8, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stock futures are up US markets on Thursday were set to rise again after a government report showing that inflation is cooling fueled a Wednesday rally. All … Read more

Inflation takes over as the next big focus for markets after July’s monster jobs report

Investors switch their focus to inflation in the week ahead, after July’s strong jobs report signaled the Federal Reserve may need to take an even tougher stance with interest rate hikes. It could also be a week in which investors watch to see if rising Treasury yields start to slow the technology sector’s summer rally. … Read more