‘The market bottom is in’: The chief investment strategist of a $1.4 billion firm explains why he’s rotating back into growth stocks — and lays out the four high-quality tech stocks that investors should bet on now
Monday, 8 August 2022, 16:12:54
Strong market fundamentals justify the current rally despite weak economic data, said David Waddell. Waddell is considering a rotation back towards growth equities to navigate a slowing economy. To capitalize on a weakening dollar, he also recommended investors buy international stocks. Following a slide into official bear market territory , stocks suddenly reversed course last month to pare back some losses, with the S&P 500 and Nasdaq Composite up almost 10% and 13%, respectively, since mid-July. Some investors, like Bank of America’s Michael Hartnett and former PIMCO CEO Mohamed El-Erian , believe that current economic data paints too gloomy a picture for the bear market rally to continue. But David Waddell, who serves as the CEO and chief investment strategist of $1.4 billion firm Waddell and Associates, disagrees with this sentiment. “The markets are projecting forward that inflation’s coming down, which means valuations can go up. Because of that, I do think the market bottom is in,” Waddell told Insider in a recent interview. “There’s a lot more opportunity than people see, and the pessimism makes me bullish.” Even before the rally began , Waddell predicted that markets would fare better in the second half of the year, in part due to extremely negative investor sentiment and a belief in mean reversion .
— Business Insider Nederlands
Explained: Why DuckDuckGo has started blocking Microsoft”s web trackers
Monday, 8 August 2022, 15:04:45
The Apple App Store listing for the DuckDuckGo Privacy Browser explains that the Tracker Radar in the browser automatically blocks hidden third-party trackers that are lurking around on the website. This feature stops the companies behind those trackers from collecting and selling user data. However, trackers discovered some Microsoft trackers were allowed by the DuckDuckGo browser.
— The Times of India
Tech Earnings ”Major Victory” For Bulls, Wedbush Analyst Says: 3 Names He Recommends Buying
Monday, 8 August 2022, 14:42:50
As tech earnings taper off, Wedbush analyst Daniel Ives offered his take on how the reporting season shaped up for the sector. Better-than-feared Earnings: The June quarter earnings season was a major victory for tech bulls, Ives said. Enterprise spending, cloud-driven budgets, consumer product/e-commerce demand, and even digital advertising were “much better than feared,” the analyst said. FAANGs and Microsoft Corporation (NASDAQ: MSFT ) reported solid earnings, the analyst noted. This key barometer of consumer and enterprise spending, the analyst said, was a core catalyst for tech stocks advancing over the past month. Tech earnings and guidance were relatively healthy, with some cautionary signs, belying expectations of economists, “tech perma-bears” and market … Full story available on Benzinga.com
Apple, Microsoft, Palo Alto are Wedbush’s top tech picks going into year-end
Monday, 8 August 2022, 14:34:15
Justin Sullivan/Getty Images News Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and Palo Alto Networks (NASDAQ:PANW) are investment firm Wedbush Securities’ three top tech stock picks going into the end of the year. Analyst Dan Ives, who has an outperform rating on all three companies, noted that as the second-quarter earnings season comes to an end, the tech […] The post Apple, Microsoft, Palo Alto are Wedbush’s top tech picks going into year-end appeared first on TECHTELEGRAPH .
Apple, Microsoft, Palo Alto are Wedbush”s top tech picks going into year-end
Monday, 8 August 2022, 13:39:50
Apple (AAPL), Microsoft (MSFT) and Palo Alto Networks (PANW) are investment firm Wedbush Securities” three top tech stock picks going into the end of the year.
— Seeking Alpha
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