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US stock markets have been the best performing major stock market this year, but some traders are advising clients to invest in overseas markets as they expect them to outperform in the second half of 2020. Despite being the worst affected country from the coronavirus pandemic, US stock markets are outperforming global markets. While most…
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We’re now towards the end of the second-quarter earnings season. Last week several key companies reported their quarterly performance and the chief executives told us how their company’s performed and how they saw the economy. Hotel operator Marriott posted a wider-than-expected loss of $234m in the second quarter while its revenues plunged 72% year over…
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The S&P 500 has staged a remarkable rebound, gaining almost 50% from its late-March lows and is just short of the all-time high it hit in February. What are strategists watching as the S&P 500 is just 1.5% away from its record level? Its been a volatile year for US stock markets. In March, US…
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Prices of gold and bitcoin have surged this year as small investors buy alternative assets amid the chaos of the pandemic, but these choices reveal a generational divide. This year is among the most turbulent year for investors. US stock markets fell sharply between February and March. However, they recovered from their lows and have…
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A working vaccine for coronavirus may not result in the boost to the stock market investors expect to see, according to Goldman Sachs. Analysts from the US investment bank argue that a successful vaccine is likely to spark a sector rotation and a shift away from tech stocks and safe-haven assets like US Treasury bonds…
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Berkshire Hathaway chairman Warren Buffett bought $340m of Bank of America shares in five days between 31 July and 4 August, adding to purchases he made last month. The billionaire investor bought $813m of Bank of America shares in the third week of July. Berkshire Hathaway now holds almost 11.9% in the Main Street bank…
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While some analysts have been cautioning on the valuation of US tech stocks, Rick Sherlund vice chairman of technology investment banking at Bank of America feels that tech stocks are not in a bubble and hold long term potential. Sherlund who’s an investment banker with Bank of America has been a star analyst and for…
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Tech stocks have rallied on the back of Amazon (AMZN) and Apple (AAPL) since Friday when the company’s beat analysts’ expectations, pushing the Nasdaq tech-heavy index 4% up for the week. However, veteran tech investor Paul Meeks (pictured) suggests two semi-conductor sector firms could be potential top long-term picks poised to outperform in the tech…
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Investors poured hundreds of millions in US-listed exchange-traded funds (ETFs) that track Chinese stocks last week, betting on the country’s swift economic recovery despite being at the epicenter of the coronavirus pandemic. Chinese stock ETFs grew by $273.9m during the week ended on 24 July, while the country’s bond ETFs drew $2.4m, for a total…
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Big Tech, which includes the likes of Amazon, Apple, and Microsoft, has come under scrutiny for their alleged monopolistic and anti-competitive business policies. This year, the Nasdaq has soared to record highs as tech stocks have soared. Amazon, Facebook, and Tesla have respectively risen 62%, 12%, and 25% year to date. The spike in these…
