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Search resuls for: "Tech and Communication Services"


14 mentions found


☆ The S&P 500 is up 16% on the year and may continue to rise—but avoid this 1 investing move
  + stars: | 2024-07-22 | by ( Ryan Ermey | ) www.cnbc.com   time to read: +3 min
None of that sounds like it should bode very well for stocks, but the S&P 500, a measure of the broad U.S. stock market, has returned about 16% so far in 2024. This has been even the bull's dream of a year," says Ryan Detrick, chief market strategist at the Carson Group. Indeed, the likes of Microsoft, Nvidia, Amazon.com and Alphabet have all enjoyed returns over the past year that have vastly outgained the broad market. All 11 S&P 500 sectors sport positive returns year-to-date, with six featuring double-digit returns. That could "loosen up the gears" in what has been a stubborn housing market and should encourage business investment — both good signs for the broader market, he says.
Persons: bode, Ryan Detrick, You've, Christopher R, Jackson, you've, Detrick Organizations: Federal Reserve, Carson Group, Microsoft, Nvidia, UBS Wealth Management Locations: U.S
☆ AI stocks look promising long-term, but may be overvalued now, investing experts say
  + stars: | 2024-07-16 | by ( Ryan Ermey | ) www.cnbc.com   time to read: +1 min
Just about everyone in the investing world, it seems, is bullish on artificial intelligence over the long term. In a recent note, researchers from the BlackRock Investment Institute said AI could usher in a transformation on par with the Industrial Revolution. Chipmaker Nvidia, seen as the leading player in the AI revolution, is up more than 175% over the past 12 months. All told, companies in the tech and communication services sectors — the ones investing most heavily in AI — make up about 44% of the S&P 500. "I don't think anyone would tell you that AI is not a generational investment theme," he says.
Persons: Goldman Sachs, —, Christopher R, Jackson Organizations: Tech, BlackRock Investment Institute, Nvidia, UBS Wealth Management Locations: BlackRock
☆ Companies are repurchasing stock at record levels. Here are the buyback kings
  + stars: | 2024-06-25 | by ( Brian Evans | ) www.cnbc.com   time to read: +3 min
Tech and communication services companies have been dominating share buyback activity within the S & P 500 this year, according to Jill Carey Hall, Bank of America's equity and quantitative strategist. Earlier this year, Apple announced a massive $110 billion share buyback program, while Alphabet authorized a $70 billion repurchase . Buyback fans include legendary investor Warren Buffett, as Berkshire Hathaway spent $2.6 billion in the first quarter of 2024 to repurchase shares. And the company has a strong track record of stock buybacks. GM's board authorized a new $6 billion buyback program earlier this month, which follows an accelerated $10 billion plan from November 2023.
Persons: Jill Carey, Hall, Warren Buffett, Berkshire Hathaway, Motors, Morgan Stanley, Joe Laetsch, Laetsch, Johnson Organizations: Tech, Jill Carey Hall , Bank, Apple, Berkshire, CNBC, GM, General Motors, Marathon Petroleum, MPC, DuPont, Synchrony, Comcast Locations: Detroit, NBCUniversal
☆ Karen Firestone: Tech dominates the S&P 500. It's time to ask whether it's the best benchmark for investors
  + stars: | 2024-04-29 | by ( Karen Firestone | ) www.cnbc.com   time to read: +7 min
Answering that question assumes understanding why we use the S & P 500 in the first place. While the Dow heavily favors industrial businesses — steel, chemicals, autos, oil and gas — the S & P 500 offers a more diverse representation. Also, the S & P 500 index is weighted by market value, which makes sense to professional investors. While certainly not a proxy for the S & P 500, it provides more exposure to other industries and stocks. As shown below, the equal-weighted S & P 500 has slightly outperformed the S & P 500 over the past 20 years.
Persons: I've, Gamble, Karen Firestone Organizations: Dow Jones, Dow, Apple, Procter, Microsoft, Nasdaq, Bloomberg, Goldman, Commodities, Asset Management
☆ 'We've never seen this many extremes': Strategists warn of dot-com bubble similarities as expensive US stocks struggle — but this 7-part strategy can still outperform
  + stars: | 2024-04-13 | by ( James Faris | ) www.businessinsider.com   time to read: +7 min
From late October through March, the S&P 500 enjoyed a virtually uninterrupted 27.6% rally based on better-than-expected earnings and economic data. And while it's still well below the dot-com bubble levels, it's still too close for comfort for many investors. Related story"Those higher rates are starting to push back on elevated valuations for stocks right now," Saglimbene said. "They're all much cheaper on an earnings basis than those Magnificent 7 companies," Saglimbene said. "So I think if we avoid a recession this year, the narrative will change to a broadening of companies and sectors that can participate in earnings growth this year."
Persons: aren't, Anthony Saglimbene, Rick Pitcairn, Pitcairn, it's, we've, Raheel Siddiqui, Neuberger Berman, Siddiqui, Jon Wolfenbarger, Albert Edwards, Bill Smead, James Ragan, DA Davidson, Ragan, Saglimbene, Indrani, she's, De, Davidson, Siddiqui's Organizations: Ameriprise, Business, DA, FTSE Russell, Investors Locations: Ameriprise
☆ The stock market rally has broadened out from the Magnificent Seven. Here's why
  + stars: | 2024-03-13 | by ( Paulina Likos | ) www.cnbc.com   time to read: +10 min
Over the past month, a notable shift in performance has occurred among the 11 sectors of the S & P 500 . Understanding the S & P 500 sectors The 11 sectors of the S & P 500 represent the various industries powering the U.S. economy. For example, last year, the market-cap-weighted S & P 500 gained 24.2% while the equal-weighted index advanced only 11.6% in 2023. .SPXEW .SPX 1M mountain The equal-weighted S & P 500 over the past month compared with the S & P 500. Encouragingly, overall earnings estimates for the S & P 500 also have gone up recently.
Persons: —, It's, Wells, Linde, Russell, Labor Department —, Genuity, Canaccord, Encouragingly, Eaton, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Big Tech, Financial, Coterra Energy, DuPont, Tech, Communication Services, Apple, Microsoft, Nvidia, Club, Tesla, Linde, Wolfe Research, Labor Department, Fed, RBC Capital Markets, RBC, Bank of America, Eaton, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: Tuesday's, U.S
☆ Big investors sold tech stocks ahead of key earnings reports, Bank of America says
  + stars: | 2023-07-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +1 min
Some of the market's biggest investors were taking risk off the table ahead of this week's busy slate of earnings reports and a Federal Reserve meeting, according to Bank of America. Strategist Jill Carey Hall said in a note to clients on Tuesday that last week the bank's clients sold historically high amounts of individual stocks. "Clients sold stocks in seven of the 11 sectors, led by Tech and Communication Services, with record weekly outflows from both sectors. XLK YTD mountain Tech sector funds like the XLK are outperforming in 2023. Several of the biggest tech and communications companies have earnings reports this week.
Persons: Jill Carey Hall, — CNBC's Michael Bloom Organizations: Federal Reserve, Bank of America, Tech and Communication Services, Comm, Tech, Microsoft, Federal
☆ These S&P 500 stocks crushed it in the first quarter. Here's where analysts see them going
  + stars: | 2023-04-02 | by ( Fred Imbert | ) www.cnbc.com   time to read: +4 min
The S & P 500 just wrapped up a wild first quarter with surprisingly strong results. The tech and communication services sectors powered the S & P 500 higher, rising more than 20% each. Here are the 10 best S & P 500 stocks for the first quarter, and where analysts see them going based on the implied upside (or downside) to their average price targets. Nvidia led the way higher among S & P 500 stocks, surging 90.1%. As for Catalent, analysts see the stock rallying 24.5% after surging 46% in the first quarter.
☆ Tech Stocks Appear to Be a Haven From the Banking Crisis, for Now
  + stars: | 2023-03-16 | by ( Hardika Singh | ) www.wsj.com   time to read: 1 min
Tech stocks were clobbered last year when the central bank began its tightening campaign. Technology stocks have remained relatively insulated from the turmoil rattling financial markets. How long that lasts is anyone’s guess. The tech and communication services groups in the S&P 500—home to the likes of Apple Inc., Microsoft Corp. and the parent companies of Facebook and Google—have climbed 2.3% and 2.9%, respectively, in March, extending their 2023 gains.
☆ Investors should start their positions in tech and communication services, says Jason Snipe
  + stars: | 2023-01-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should start their positions in tech and communication services, says Jason SnipeBryn Talkington, Jason Snipe, Stephanie Link and Joe Terranova, join the 'Halftime Report' to discuss how investors should position going into another Fed meeting and a market rally.
☆ Cybersecurity was supposed to be a resilient area of tech, but these ETFs are struggling
  + stars: | 2023-01-22 | by ( Jesse Pound | ) www.cnbc.com   time to read: +4 min
Through the first three weeks of the year, the exchange traded funds tracking cybersecurity stocks are underperforming the rest of tech sector. The iShares Cybersecurity and Tech ETF (IHAK) , for example, has returned just 1% in January, well behind the tech and communication services funds that are also sponsored by BlackRock. The January underperformance comes at a time when high growth cybersecurity stocks were expected stay in favor. "From my perspective, it should be doing better in terms of performance because of the tailwinds that are behind cybersecurity," Maier said. Cyber stocks moved broadly higher, with the Global X Cybersecurity ETF (BUG) gaining almost 3%.
☆ These are the top ETFs to play changing market leadership in 2023, Bank of America says
  + stars: | 2022-12-02 | by ( Jesse Pound | ) www.cnbc.com   time to read: +3 min
The pain for 'new' economy sectors has likely just begun," Woodard wrote. Another option is to shift away from large cap stocks in general with a small cap value fund like the Vanguard Small-Cap Value Index Fund (VBR) . "The past two decades of large cap growth outperformance have been an anomaly. "Annual dividend growth averaged 6.2% between 1970 and 1980 after an overvalued, concentrated market corrected sharply," Woodard wrote. Similarly, dividends grew by 6.2% on average between 2000 and 2007 while annual price returns averaged just 2.5%," Woodard wrote.
☆ Investors are flocking to tech and telecom stocks, but they're wrong to see them as defensive plays, Bank of America says
  + stars: | 2022-11-01 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +3 min
Investors have been rotating into tech and communication services stocks, which they see as defensive, Bank of America said Tuesday. BofA said clients last week sold stocks in all sectors except for tech and comm services. In the last two months, investors have been shifting out of cyclical sectors and into defensive ones, and inflows into tech and communication services have been outpacing defensive inflows. BofA last week highlighted downbeat demand commentary from tech companies. Higher interest rates can cut into the value of future profits made by tech and other growth companies.
☆ The Fed could lay the groundwork for a year end rally in the week ahead
  + stars: | 2022-10-28 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +8 min
The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.
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