Buy the dip on tech stocks like Apple and Nvidia ahead of earnings, Morgan Stanley says
Morgan Stanley named its favorite tech stocks ahead of earnings.
Morgan Stanley named its favorite tech stocks ahead of earnings.
The stellar earnings reports from both tech giants assuaged concerns regarding the profitability of their significant AI investments, following Meta’s tepid forecast.
The ten-year US yields at 4.67% were around 1% lower Friday; however, yields were up nearly 1% to finish the week higher, whereas the 2-year US yields at 4.99% were up nearly one bps on the week, but down nearly one bps Friday.
Bill Gross, known as the “bond king,” advises investors to avoid tech stocks despite strong quarters from Microsoft and Alphabet, recommending value stocks instead, while questioning the appeal of bonds with current yields.
US inflation data also helped boost market sentiment
IT stock to buy after Q4 results 2024: Among Infosys, TCS, HCL Tech, and Wipro, the price patterns for Infosys and Wipro shares appear more favorable from a medium to long-term perspective, say experts
U.S. stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data.
Global stocks were higher on Friday as Big Tech gains lifted Wall Street shares, while Japan’s yen sank to a 34-year low after the Bank of Japan (BOJ) kept monetary policy loose.
The rally from Microsoft, Amazon, Nvidia and Alphabet eased anxiety over stubborn inflation.
Gold appears to have assumed its age-old role as a safe haven and a store of value.
Source: Streetwise Reports 04/24/2024
Rob Isbitts joins analysts Amrita Roy, Uttam Dey, Emma Johnston, aka The Country Investor, and Mike Kehoe, The Undercover Investor to discuss current market trends and portfolio advice.
The tighter these two defensive assets move together, the more the S&P 500 tends to fall. And it’s sending a warning right now!
Costco is rolling out silver coins to lure investors and collectors, hoping to replicate its blockbuster success with gold bars and keep keep shoppers coming back for the “treasure hunt.”
The market is at a crossroads, transitioning into a new bull market. Investors should consider these unstoppable tech stocks for big gains.