Zoom stock has higher to go, say traders

Zoom Video Communication shares have gained more than 205% this year, but traders see more upside in the stock. “We think Zoom is becoming synonymous with video conferencing, ” Todd Gordon, managing director of Ascent Wealth Partners, told CNBC on Tuesday. The San Jose-based tech firm posted first-quarter earnings on Tuesday, revealing how ubiquitous the…

Tencent makes $70bn bet in tech war between US and Chinese firms

Chinese tech giant Tencent Holdings said it would invest $70bn to strengthen China’s telecoms infrastructure, upping the race between the US and China to develop cutting-edge Big Tech platforms. Tencent, led by chief executive Ma Huateng (pictured, centre), plans to invest the cash in different areas such as cloud computing, 5G networks, cybersecurity, and new…

matt maley

Biotech stocks are fully valued as a result of the pandemic, says trader

iShares Nasdaq Biotechnology exchange-traded fund (ETF) (IBB), which tracks the group of 211 stocks, has soared sharply since mid-Mach hitting an all-time high of $136.20 on Monday before reversing some gains in the past few sessions. It is trading at $132.57 on Friday morning. The robust upside momentum in the last two months is driven…

Investors should think twice before buying US stocks, says trader

Peter Toogood 9pictured), chief investment officer of financial services business The Embark Group, warns that investors should think twice before buying US stocks. Toogood said: “The US, the big daddy, has been expensive and remains expensive.” Some of the other fund managers including David Tepper and Stanley Druckenmiller have also advised caution on US stock…

Warren buffett

US Global Investors CEO on Warren Buffett: The Sage of Omaha was wrong to dump airline stocks

Volatile airline stocks tumbled when Warren Buffett pulled out sold his holdings in all four airline companies, but US Global Investors chief executive officer Frank Holmes believes the chairman of Berkshire Hathaway has missed the chance of a lifetime. Berkshire Hathaway, which has total assets of around $700bn, had invested significantly in airline companies from…

An 80% drop in cruise line stocks presents ‘short-term opportunity’, says trader

Despite the treacherous waters cruise liners face, some analysts say there are gains to be had if investors move quickly. This sector has had a rough first quarter in 2020 as a result of the global pandemic. The three major cruise liners — Carnival Corp., Royal Caribbean and Norwegian Cruise Line Holdings — each saw…

Retail investors bought airline stocks, as Warren Buffett looked for a parachute

Retail investors at TD Ameritrade brought airline stocks in April, at the same time that Warren Buffett (pictured) was getting out of the airline business. Most airlines globally are grounded due to the pandemic with schedules around 90% of what they were a year ago. But that hasn’t stopped retail investors from buying airline stocks,…