![]() “In addition to lower Treasury yields, which has improved tech’s intrinsic valuation, investors are already looking out to 2024, where tech’s prospects for earnings growth is positive,” Stovall said. At the same time, their strong balance sheets - along with valuations that were heavily compressed in last year’s selloff - suggest less downside potential than other areas of the market. In contrast to that uncertainty, major technology and internet stocks offer investors something close to stability in the current market, as their durable revenue streams and market dominance suggest they could be relatively insulated from any economic downturn. The KBW Bank Index, which tracks 22 of the largest US lenders, sank almost 15% this week, adding to last week’s 16% plunge, which was its worst since March 2020. The idea that big tech is safer has fueled the investor rotation, especially as turmoil in the financial sector - sparked by the collapse of Silicon Valley Bank and Signature Bank - underlines the perception of risk elsewhere in the economy. we take a multi faceted approach to our systems by focusing on what we call the four S’s of successful fish attractants. “Tech is more of a safe haven than your traditional cyclical sectors, and it has already gone through a re-pricing, which means it looks attractive relative to the rest of the market,” said Sam Stovall, chief investment strategist at CFRA. That divergence represents the biggest one-week outperformance by the Nasdaq 100 since the financial crisis in October 2008. The tech-heavy Nasdaq 100 gained 5.8% on the week, its best week since November, and far stronger than the S&P 500 Index’s 1.4% advance. Simple gameplay, excellent graphics, no download or registration needed. The game features impressive 3D graphics that provide an immersive experience. ![]() Inc., meanwhile, jumped 9.1% and Apple Inc. 2 Player Action Arcade Battle Platformer Shooting Description Gun Mayhem 3 is an exciting and creative action-packed game that serves as an updated version of its predecessors, Gun Mayhem 1 and 2. also surged 12%, its strongest weekly gain since 2021. The game features a variety of different game modes, including deathmatch, capture the flag and more. The week’s advance also brought the stock’s market capitalization back above $2 trillion.Īlphabet Inc. Gun Mayhem 2 is an action-packed and highly-addictive multiplayer game that offers players the chance to experience the thrill of fast-paced, intense gun battles. advanced more than 12%, its biggest weekly jump since April 2015, and it closed at its highest since August. More than $560 billion in market value has been added to the four biggest US technology and internet companies this week. (Bloomberg) - A miserable week for US banks has been a boon for the shares of the nation’s biggest technology companies as traders flock toward their cash-rich balance sheets amid concerns about contagion in the financial sector.
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