Two areas of tech doing two distinctly different things. Youre getting buying on the dips in mega cap and selling in the more growthy, high beta type ecommerce names, roblox, shopify, palantir, airbnb, match, uber. All of those are down reasonably significantly, certainly at the top of the list since they reported earnings. All of those mega cap stocks are up week to date. Ask yourself the question, whats the difference between the growthy mid and Large Cap Technology names you just cited and the mega caps, besides the size, whats the main difference to me, the main difference is the mega caps represent stability, represent reliability, and have the ability to cut costs and get their way to better and better earnings each quarter. You cannot say the same, unfortunately, for roblox and shopify. Thats a different driver of those stocks, thats the major difference that gives you the answer to the riddle shopify is fine but the outlook isnt as good as people thought it would be. Airbnb is
Shares of Verizon Communications Inc. (NYSE:VZ – Get Free Report) dropped 0.6% during trading on Wednesday . The company traded as low as $39.89 and last traded at $40.16. Approximately 3,348,757 shares changed hands during trading, a decline of 82% from the average daily volume of 18,794,168 shares. The stock had previously closed at $40.42. […]
DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) by 419.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,141,257 shares of the cell phone carrier’s stock after purchasing an […]
Voisard Asset Management Group Inc. purchased a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 904 shares of the network technology company’s stock, valued at approximately $267,000. A number of other large […]
Sunpointe LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,507 shares of the transportation company’s stock, valued at approximately $394,000. Other institutional investors and hedge […]