Page 39 - Technology Select Sector News Today

The S&P 500 ended the first half of the year with a 20.6% fall, marking its worst H1 since 1970. Alongside the benchmark index, the SPDR S&P 500 Trust ETF (SPY) also lost 20.6%

PayPal is showing a slowdown in growth but fundamentals remain intact. Click here to know why we rate PYPL stock as a BUY.

Investors should be careful with these two stocks.

Inflation fears are certainly driving the Nasdaq-100 into bear market territory with the index down about 30% year-to date.

Technology Select Sector SPDR Fund (NYSEARCA:XLK – Get Rating) hit a new 52-week low during trading on Monday . The stock traded as low as $126.81 and last traded at $127.52, with a volume of 279983 shares traded. The stock had previously closed at $131.09. The company has a fifty day moving average price of […]

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One of Goldman’s top tech fund managers, Brook Dane, said that the recent sell-off in the tech space (due to rising rates) has opened up massive buying opportunity in some tech stocks, as quoted on CNBC. Due to the sky-high inflation, the Fed has paced up policy tightening. The Fed enacted its first rate-hike (worth 25-bp) […]

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"Given the jump in oil and gas prices this year, it will likely not be a surprise to anyone that the energy sector is expected to report the largest earnings growth for the first quarter."

Select analysts foresee these downtrodden tech stocks skyrocketing over the next 12 months.