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Billionaire investor and chairman of money manager Oaktree Capital Howards Marks sees value in “out of favor” investments like real estate and stocks in the hospitality and entertainment sectors. Howard Marks sees opportunity in beaten down sectors. Marks admitted that “It’s not easy to find opportunities today.” He added “You get to a point where…
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US stock futures are plunging ahead of Wall Street’s opening bell as last week’s tech sell-off appears to be gaining more traction during this morning futures trading session. The front-month E-mini S&P 500 futures contract expiring in September is down 0.75%, so far trading at 3,392 on thin volume while the Nasdaq 100 tech-heavy index…
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The price of Bitcoin kept falling during the weekend while the US dollar is regaining strength as Thursday and Friday’s bearishness seems to be spilling over to this week’s cryptocurrency trading activity. As of this morning, the value of Bitcoin against the US dollar (BTC/USD) has dropped 15% in just 4 days while losing 1.5%…
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US tech stocks snapped their ten day winning streak and the Nasdaq Index closed down almost 5% on Thursday reigniting concerns over overvaluation in tech stocks. Many have argued that there is a tech bubble in 2020 just like we saw in the late 1990s. Others have said that the rally in tech shares is…
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Tech stocks have emerged as big winners of the pandemic as lockdowns force businesses and consumers to rely on technology to shop, work, and play. This tech boom is reflected by the gains of the tech-heavy Nasdaq 100 index, which jumped 33% g this year after hitting fresh all-time highs On Monday, outperforming other broad-market…
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The Dow Jones Industrial Average Index will add Salesforce, Amgen, and Honeywell in a major shakeup to one of America’s oldest indices, replacing Raytheon, Exxon Mobil, and Pfizer. Why Dow Jones is changing its components The changes to the 30-stock benchmark index are designed to offset Apple’s 4-to-1 stock split, which goes into effect August…
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US initial jobless claims are expected expect to fall to 920,000 on Thursday, and if correct would only be the second time during the pandemic that claims have come in under one million. The date covers the week ended 22 August, according to the consensus estimates compiled by Trading Economics. Last week, US jobless claims…
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Global dividends are expected to fall as much as $400bn in 2020 as scores of companies slash or suspended dividends amid the pandemic. But Technology companies, many of which have soared to record highs, have managed to dodge the trend. Dividends around the world fell 22% year over year in the second quarter, according to…
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It took Apple 42 years to reach $1trn in value, but after just two more, the Big Tech giant hit $2trn on Wednesday when its stock climbed 1.4% to $468.65 in midday trading. Five seasoned market experts discuss whether the Cupertino-based powerhouse, led by chief executive Tim Cook (pictured) has further to rise, or is…
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US initial jobless claims are expected expect to fall to 0.89 million when they are released on Thursday, meaning that unemployment claims will stay under a million for the second week in a row. The date covers the week ended 15 August, according to the consensus estimates compiled by Trading Economics. Jobless claims fell below…
