A host of similarities between tech stocks now and previous bubbles suggest the Magnificent Seven is nearing — but not yet at — levels that may lead it to pop, according to Bank of America Corp. strategists. They cite a handful of indicators, such as bond yields, valuations and price action, that suggest there are … Read more
Apple Inc. shares rose on Tuesday, with the company on track for its longest streak of daily gains since 2003, when the iPhone hadn’t even launched and Nokia Oyj was still one of the top cellphone makers in the world. Shares in the world’s largest company rose 1.4% for an 11th straight positive trading day … Read more
Domestic investors look to diversify their holdings to global assets in 2021 could consider a mix of funds that invest in emerging markets, US technology stocks, China and global energy companies. Motilal Oswal Nasdaq 100, PGIM Global Equity Opportuities Fund, Edelweiss Greater China Offshore Fund and DSP World Energy Fund are among the top picks … Read more
We are going to have a market where there is going to be a lot of dispersion across sectors and countries and some of those things that are changing will benefit some companies but not others or countries, says Arnab Das, Head of EM Macro, Invesco. There was nothing really in the FOMC meet that … Read more