Investors and strategists revealed how they were playing in the battered tech sector, naming several stock market opportunities in a market they believe could bottom. Lee Baker, owner and chairman of Apex Financial Services, described Apple and Microsoft as “good solid companies” that investors should consider now. Speaking to CNBC’s Squawk Box Europe on Friday … Read more
Morningstar’s David Sekera thinks the market sell-off seems overdone – and reveals which tech stocks he thinks are attractive right now, as well as his picks for taking advantage of the return to consumer spending. After years of beating the market, tech stocks came under fire this year as expectations of aggressive tightening from the … Read more
Former President Barack Obama said Thursday that the spread of misinformation online is hurting American democracy and the tech industry needs regulation and legislation to fix the problem. “The very design of these platforms seems to be pointing us in the wrong direction,” Obama said at a Stanford Cyber Policy Center event. The comments come … Read more
CNBC: Sundar Pichai, CEO of Alphabet and Google, interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the wider market. “We certainly see the uncertainty ahead of us, like everyone else,” Pichai … Read more
CNBC: Sundar Pichai, CEO of Alphabet and Google, interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the wider market. “We certainly see the uncertainty ahead of us, like everyone else,” Pichai … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, April 6, 2022. Brendan McDermid | Reuters How do you spell “surrender?” FEAR. That’s what this market begets, and there’s been no escaping that wild bear for your lunch. In black and white, the S&P 500 was down 14% from … Read more
A Teladoc rolling telehealth cart that allows doctors to meet with their patients remotely, October 8, 2021. Newsday LLC | News day | Getty Images Earnings details this week included big-name calculations with the value of high-growth, high-tech and high-risk companies. Ford and Amazon note their stakes in electric vehicle manufacturer Rivian; Alphabet and Microsoft … Read more
Silhouettes of laptop and mobile device users are seen next to a screen projection of the YouTube logo. Dado Ruvic | Reuters During the pandemic, YouTube was one of Alphabet’s main growth engines as more people were glued to their screens while stuck at home. The video site continued its rapid expansion last year as … Read more