Best beaten down tech stocks

U.S. equity markets are dropping to begin the new week, led lower by shares of Facebook parent Meta Platforms Inc. ( FB ) and other tech stocks. Key Takeaways Tech stocks, led by Facebook parent Meta Platforms, Google parent Alphabet, and Apple, declined, pushing markets lower. Spirit Airlines rose after it agreed to be bought for $6.6 billion by Frontier, creating the fifth largest U.S. carrier. Bond yields advanced past 1.9% and crude oil slipped after last week's gains. Meta shares are 5% lower, adding to steep losses that erased more than a quarter of the company's market value after the company last week said that it had lost daily active users for the first time. Apple Inc. ( AAPL ), Microsoft Corp. ( MSFT ) and Google parent Alphabet Inc. ( GOOG ) all fell. Hasbro ( HAS ) shares are falling on its earnings report. Shares of Verizon Communications Inc. ( VZ ) are down as the company announced it would now only offer three-year phone contracts. … [Read more...] about Tech Stocks Drop, Sending Markets Lower, as Meta Shares Fall Further

Share to Twitter Share to Linkedin Lee Ainslie's Maverick Capital recorded its second-worst quarter ever during the first quarter, a dramatic turnaround from last year's first quarter when the fund enjoyed its strongest quarter ever. During the first three months of this year, Maverick returned -22.9%, compared to the S&P 500's loss of 4.6% and the MS World's decline of 5.2%. First-quarter detractors In his first-quarter letter to investors, Ainslie pointed to four contributors to the fund's weak performance. Their sizable position in Coupang accounted for about two-thirds of the loss due to the stock's 40% plunge, while high-growth and mega-cap tech stocks saw a broad-based decline. Finally, biotech stocks as a whole tumbled because they were grouped in with other long-duration assets, and dollar-volume M&A activity in the space has declined significantly in the last 12 months. Ainslie believes concerns about the impact of discount rates on … [Read more...] about Lee Ainslie On Maverick Capital’s Housing Shorts And New Healthcare Stock

Share to Twitter Share to Linkedin Topline With the stock market falling for the last six weeks in a row amid growing concerns about an economic slowdown and the Federal Reserve raising interest rates to combat inflation, an increasing number of Wall Street experts are warning of now “uncomfortably high” recession risks, with rising odds of a downturn within the next two years. Key Facts Markets moved lower again on Monday, struggling to rebound from a brutal selloff in recent months that has caused tech stocks to nose-dive and pushed the S&P 500 to the edge of bear market territory. Goldman Sachs became the latest major firm to slash its market outlook on Monday, citing higher interest rates and “slower economic growth than we previously assumed,” though stocks could still bounce back later in the year. Goldman chief economist David Kostin lowered his year-end price target for the S&P 500 to 4,300 from 4,700—implying roughly 7% … [Read more...] about Stocks Keep Tanking As Growing Number Of Wall Street Experts Warn About Rising Recession Risks

Share to Twitter Share to Linkedin The metaverse – everyone is talking about it, but no one is exactly sure what it actually is. This makes it a bit difficult if we want to put together a list of platforms or experiences that represent the best of what it could be. But if we take it to mean persistent, connected digital environments which focus on providing immersive experiences for users, we can have a go at highlighting some projects – existing and on the horizon - which stand out. Not all of the projects highlighted here involve virtual reality, or decentralization, or cryptocurrency. Although those are all technologies that are likely to have a place in the metaverse , it isn’t strictly essential that they are part of every metaverse. So rather than focusing on examples that tick all of the boxes, today’s best examples tend to be those that do one or more of the core elements particularly well. Not all of these are fully functional yet (and one … [Read more...] about The 10 Best Examples Of The Metaverse Everyone Should Know About

Share to Twitter Share to Linkedin The stock price of satellite TV and wireless services provider Dish Network (NASDAQ:DISH) has declined by almost 35% over the past month, compared to the S&P 500 which remains down by about 8% over the same period. The recent decline follows the company’s weak Q1 2022 results, which missed analyst estimates on both revenue and earnings amid higher than expected pay-TV subscriber losses. Dish’s revenues for the quarter declined by almost 4% year-over-year to around $4.33 billion, while earnings fell 31% from a year earlier to $0.68 per share. Dish lost about 462,000 pay-TV subscribers, taking its total pay-TV base to just about 10.24 million. Moreover, the ongoing 5G wireless network build-out is also hurting Dish’s cash flows, with the company burning about $191 million in cash over Q1, compared to free cash flows of $729 million last year. Investors aren’t taking too well to the declining sales and rising cash burn, … [Read more...] about What’s Happening With Dish Stock?

Share to Twitter Share to Linkedin VMware (NYSE: VMW) , a cloud computing and virtualization technology company, has seen its stock underperform considerably in recent years, declining by around 5% from the March 2020 lows, compared to the broader Nasdaq-100, which remains up by about 75% over the same period, even after recording a big sell-off this year. The stock has gained a mere 8% over the last five years, compared to the Nasdaq which is up by over 2x. The underperformance in the stock comes as the company faces some challenges. Businesses have been increasingly moving their computing needs to public clouds, hurting VMware’s VMW virtualization offerings in recent years. Moreover, the company also paid out a sizable special dividend of $27.40 per share late last year, following Dell’s move to spin off its VMware stake, and this also likely resulted in some selling pressure in the stock. However, there appear to be multiple catalysts for growth. … [Read more...] about Is VMware Stock A Good Bet At $100?

HCL Tech CHRO Apparao VV HCL Technologies, which has about 1,700 employees in troubled Sri Lanka, has set up a team to monitor the situation as the island nation grapples with food and fuel shortages amid record inflation and an economic crisis. While there has been no work disruption so far, it is preparing for all scenarios, with backup plans ready to move work and people to India. Apart from Sri Lanka, Costa Rica, and Poland, HCL Tech is stepping up hiring in smaller Indian cities such as Madurai, Lucknow, and Nagpur as it looks toward fresher pools of talent amid booming demand for software services and rising attrition. In an interview with Moneycontrol , VV Apparao, chief human resource officer of HCL Tech, explains the company’s efforts in augmenting the talent supply chain and steps it is taking to counter the challenges of hiring and attrition. Edited excerpts: In Q4, HCL Tech reported attrition on the last 12-month basis jumped to 21.9 percent from 19.8 … [Read more...] about HCL Tech monitoring crisis in Sri Lanka daily, sees no work disruption: CHRO Apparao

As bullish investors started to get a foothold against the relentless selling pressure at the end of 2018, many turned their attention to dividend -paying stocks to start 2019. Attractive fundamentals combined with yield made for an interesting case in early January, but given the strong price gains and closes near major resistance levels , it could be best if investors proceed with caution. The paragraphs below will take a look at three charts suggesting that the bounce is nearing an end and that a move lower could be in the cards. iShares Select Dividend ETF (DVY) With the rise in popularity of exchange-traded products such as the iShares Select Dividend ETF ( DVY ), it is possible for traders to analyze broad swaths of the financial markets fairly easily. Based on the chart below, you can see that the strong bounce after reaching oversold territory in early January led the price toward the major resistance of the 50-day moving average and a horizontal … [Read more...] about 3 Charts That Suggest Dividend Stocks Are Headed Lower

Share to Twitter Share to Linkedin Certain predators can’t see their prey if the prey holds still. It’s the same with some investors. Stocks that do nothing for a while may vanish from investors’ consciousness. But stagnant stocks can sometimes be good buys. Hence, my Do Nothing Club. It’s an annual compilation of stocks whose price is little changed during the past year, and also the past month, but that I think may spring to life. I first conceived the Do Nothing Club on a lazy spring day in 1999. I’ve written 18 columns about it since then; today’s will be the 19 th . The average one-year gain on my Do-Nothing picks has been 13.1%, compared to 9.1% for the Standard & Poor’s Total Return Index. Bear in mind that my column results are hypothetical and shouldn’t be confused with results I obtain for clients. Also, past performance doesn’t predict the future. On a one-year basis, 15 of my 18 previous lists have been profitable, and … [Read more...] about Micron, MetLife And 3 Other Passive Stocks That May Spring To Life

- A + A SHANGHAI (May 17): Chinese stocks ended higher on Tuesday (May 17) as Shanghai achieved a key Covid-19-related milestone required to ease restrictions, while tech giants and Hong Kong shares logged the biggest jump in six weeks following reports about a meeting by a top political consultative body to promote the digital economy. Both Internet firms listed in Hong Kong and the Hang Seng benchmark surged the most since April 29, when authorities vowed at the top-level Politburo meeting to step up policy support to stabilise the economy and financial markets. The blue-chip CSI 300 Index ended 1.3% higher at 4,005.89, while the Shanghai Composite Index gained 0.7% to 3,093.70 points. The Hang Seng Index rose 3.3% to 20,602.52, while the China Enterprises Index gained 3.7% to 7,076.80 points. Shanghai reported a long-awaited milestone of three straight days with no new Covid-19 cases outside quarantine zones — the "zero Covid" status. A nationwide caseload … [Read more...] about China stocks close up as Shanghai’s Covid-19 situation improves, tech giants soar