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CNBC Fast July 3, 2024

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 ....

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Verizon Communications (NYSE:VZ) Stock Price Down 0.6%

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. […] ....

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