Last week was grim for the stock market, including the worst single-day loss since March, but the trend lines are turning upwards again this week. Treasury Secretary Mnuchin’s statement that the US cannot shut down its economy again gave investors a boost of confidence – and this week’s May retail sales report gave an even bigger one.
This is the good news background lending credence a recent report from Morgan Stanley, on finding the advantageous tech position for a V-shaped recovery. The report, lead-authored by 5-star analyst Joseph Moore, details the strengths and weaknesses of the tech sector as companies respond to the economic recovery and the resumption of a more normal consumer activity. Moore pinpoints three tech stocks that are likely to gain – and upgrades their ratings in consequence.
We’ve used the TipRanks database to pull the details on these three tech stocks, to find out what
The ongoing advance in digital wireless technology, 5G, is bringing a sea-change to the way we connect in the virtual sphere. By now, we all know the advantages that 5G will bring: faster connection times, lower latency, and improved connectivity – especially in networked systems and Internet of Things. First introduced at the end of 2017, 5G is going to dominate the digital landscape. The current crises – health and economic – have only slowed it down slightly.
The major US providers – Verizon, AT&T, and Sprint/T-Mobile – have all introduced 5G coverage, at least in the largest urban markets. It’s only a matter of time before the new systems are available uninterrupted coast-to-coast. The tech is expanding in Europe and Asia, too. China already has the world’s largest 5G networks, and Europe is working on cross-border networks.
From an investor’s perspective, 5G is going to send successful providers and
(Bloomberg) — U.S. technology stocks are on their hottest winning streak of the year, yet those gains aren’t necessarily translating to the same boost for their peers in Asia.
The tech benchmark Nasdaq 100 Index, heavily skewed toward the so-called FAANG stocks — Facebook Inc., Apple Inc., Amazon.com Inc., Netflix Inc., Google parent Alphabet Inc. — as well as top position Microsoft Corp., has now rallied for six straight days. It has rebounded 33% since a low in March as investors piled into technology and biotech shares seen as winners amid the social-distancing lockdowns of the coronavirus pandemic.
Read: Nasdaq’s Resilience Pushes Benchmark Dominance to 20-Year High
There’s no equivalent tech mainboard in Asia, with the MSCI Asia Pacific Information Technology Index the closest comparable. It’s up a comparatively weak 24% since mid-March, and the top stocks in the gauge, Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co., have lagged
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