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Megacap Tech Stocks

All articles tagged with #megacap tech stocks

finance1 year ago

Goldman Sachs Predicts S&P 500 Surge to 6000 Amid Megacap Tech Stock Resurgence

Goldman Sachs analysts maintain their year-end S&P 500 target at 5,200 points but also envision a bullish scenario where continued gains in megacap tech stocks could propel the index to 6,000. The recent surge in the S&P 500 was driven by the Federal Reserve's reinforcement of expectations for interest rate cuts. Goldman's analysts highlighted four valuation scenarios, with the most bullish projecting a 15% rise to 6,000 points, driven by megacap tech stock gains. They emphasized that the current growth stock rally differs from past experiences and noted encouraging conditions for demand and supply in the tech sector.

via Seeking Alpha|
#finance#goldman-sachs#megacap-tech-stocks
finance1 year ago

"Market Uncertainty: Stock Pickers Nervous as Tech Rally Falters"

The U.S. stock market's "bad breadth" is causing concern among some bullish analysts as only a few megacap tech stocks continue to drive the main indexes higher, with the "Fantastic Four" (Microsoft, Nvidia, Meta Platforms, and Amazon) contributing roughly 70% of the S&P 500's year-to-date gains. Market breadth deterioration and stretched market sentiment are signaling a potential near-term peak for stocks, with some analysts warning of a possible pullback in the coming weeks. Despite finishing at record highs, U.S. stocks opened the new week in the red, with the S&P 500 down 0.5% and the Dow Jones Industrial Average down 0.9% amid concerns about the timing of interest rate cuts.

via MarketWatch|
#finance#market-breadth#market-sentiment
finance2 years ago

Stock market's first half gain predicts a mild recession by the holidays.

The S&P 500 has gained over 13% in the first half of 2023, and history suggests that the median return for the second half is 8% with an 82% win ratio, according to Fundstrat Global Advisors. The recovery of the US stock market this year has been led by megacap technology stocks, and the rapid recovery of technology stocks is evident. Fundstrat's founder, Thomas Lee, expects a broadening of the market could push the S&P 500 to soar more than 20% for the year to end at 4,750.

via MarketWatch|
#finance#fundstrat-global-advisors#megacap-tech-stocks