This blog follows the US stock market daily. Free market news, market comments, stock charts, stock and options buy/sell suggestions are provided throughout the day.
Wednesday, July 15, 2020
Tech Stock Exodus科技股大逃亡
In the face of analysts raising target prices of both AAPL and MSFT today, sharp sell off on these two stocks ensue after initial price surge. The sharp drop of both AAPL and MSFT are leading to wide spread sell off on momentum technology stocks such as NVDA, AMD, TSLA, NFLX, AMZN, FB and GOOG. According to Bank of America research, tech stock has been he crowdest trade in the market. Many market strategists including Bill Gross are saying that return on value stocks will be better than growth stocks going forward. Today's sharp sell off on overly stretched tech stocks are evidence of investors begin shifting their capital out of tech stocks into value sectors.
Source Finviz.com

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