The Dow Jones today is down with investors piling out of Facebook (NASDAQ: FB), Amazon.com (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL), Netflix (NASDAQ: NFLX) and Microsoft (NASDAQ: MSFT).
All five of these stocks are now off at least 11% since the beginning of the month.
With a perilous election season approaching, we may not have seen the worst of this sell off.
More below on this story, and others moving the Dow today.
Tech stocks have been the most celebrated of this pandemic year.
It's been tech that's kept us connected to friends, family, and colleagues. It's kept some of us working, and it's helped some of us find work. Tech has kept us clothed and fed.
I'd go so far as to say modern tech has been the glue that's helped hold the country together since March.
Ultimately, it'll be technology that gets us a vaccine or therapy in record time, which in turn gets the economy out of this mess and on track to a full recovery.
In that sense, it's really a no-brainer that the tech-centric Nasdaq Composite has been outperforming this year, despite the economy. It took the Nasdaq 20 years to double from 5,000 to 10,000. But it was the first index to reach record highs after the March crash, shooting as high as 75% since then.
For a $10 trillion index to turn in that performance in a year – after a crash… Well, that's when you know it's got the "secret sauce."
That's why it was so jarring to uncover – let's call it – the "Nasdaq's dirty secret." I found it when I was looking at some charts, researching some recommendations for my paid subscribers.
And no, I'm not talking about the current correction underway.
It turns out, there are a few skeletons in this closet. Skeletons that could jolt some unprepared investors.
But for us, it adds up to some choice profit opportunities… Full Story
But for us, it adds up to some choice profit opportunities...
by Alex Kagin
The streaming wars are raging, and investors are starting to sense the opportunity behind this exciting trend.
Netflix Inc.
(NASDAQ: NFLX), Walt Disney Co.'s (NYSE: DIS) Disney Plus, Hulu, Apple Inc.'s (NASDAQ: AAPL) Apple TV Plus, Comcast Corp.'s (NASDAQ: CMCSA) Peacock, and Viacom's (NASDAQ: VIAC) CBS All Access are just a few of the many connected TV (CTV) services vying for supremacy.
Will Disney Plus take away business from Netflix? Will Apple put more weight behind Apple TV Plus? Does Comcast go all in on Peacock? I admit, I would like to know the answer to these questions, but without a crystal ball, no one can tell the future.
But one thing I do know is that CTV is here to stay.
It has been made clear by the companies I've just listed.
The Dow Jones today faces a struggle with the possibility of another COVID-19 shutdown across Europe.
On the bright side, shares of Amazon.com Inc.
(NASDAQ: AMZN) saw an increase of 2% as the NASDAQ started to bounce back from last week's losses.
Much is still in question about the future as we wait for today's Fed statement.
More on these stories…
The Snowflake IPO certainly had an impressive run, and its stock more than doubled at its debut, leaving it with a value of around $70 billion.
Though the stock did dip a little on Thursday (it did climb back up mid-Friday), it hasn’t stopped a small group of insiders and pre-IPO investors from boosting their net worth.
But here’s how regular investors should play it….
by Mike Stenger
The Snowflake IPO date is finally here.
The stock will begin trading on the NYSE Sept.
16.
It's been one of the most talked-about public offerings of 2020.
The company hopes to raise more than $2.7 billion in its IPO.
And it just lifted its IPO price from the $75 to $85 range to $100 to $110.
Valued at $23 billion, Snowflake is a one-of-a-kind cloud platform.
The company has 100,000 active users and counting.
Some of the biggest names in the world – Sony, Capital One, 2k Games, to name a few – use its services.
Still, many investors are unsettled about whether to buy on the IPO date, wait and see what happens, or avoid it altogether.
by Alex Kagin
The TikTok drama is nearing its end now that Oracle (NYSE: ORCL) has won the bid for the coveted social media app, beating out Microsoft (NASDAQ: MSFT) and Walmart (NYSE: WMT).
Shares of Oracle popped more than 7% higher on the news.
But does that make Oracle stock a buy? .
Here's what you need to know...
by Mike Stenger
Apple (NASDAQ: AAPL) and Tesla (NADSAQ: TSLA) recently split their stock, which created a lot of buzz in the markets.
That has investors wondering if another tech darling will be splitting soon.
Let's talk about whether an Amazon stock split is coming, and what that means for you...
The Dow Jones now is climbing thanks to a 1% bump for Apple Inc.
(NASDAQ: AAPL).
Other FAANG stocks including Amazon (NASDAQ: AMZN), Netflix (NASDAQ: NFLX) and Alphabet (NASDAQ: GOOGL) were also up nearly 1% this morning.
Futures received a boost in confidence after China reported its first uptick in retail sales in 2020.
The nation continues to recover from the economic shock of COVID-19.
Let's get into everything moving the Dow today…
Well, it was fun while it lasted.
For a few weeks now, the market has been buzzing about the "inevitable" acquisition of luxury brand Tiffany & Co. by Bernard Arnault's luxury juggernaut LVMH Moet Hennessy Louis Vuitton SE.
To hear the media talk about it, it was a done deal – a dead certainty. Nothing could stop it. The $16.2 billion deal would have been the biggest acquisition in the high-flying luxury sector's history.
Of course I say "would have," because it all just fell apart. The sound of corporate wedding bells has been replaced by the shouts of corporate lawyers.
But if you make this easy move, you'll hear the sweet sound of a ringing cash register… Full Story
But if you make this easy move, you'll hear the sweet sound of a ringing cash register...
