As markets (^DJI, ^IXIC, ^GSPC) face pressure following semiconductor giant Nvidia’s (NVDA) reversal of rally gains, Wells Fargo Investment Institute senior global market strategist Scott Wren joins Morning Brief to offer his insights. Wren observes that the computer services and technology sectors are currently “very highly valued, very momentum driven.” He advises investors to consider […]
Tag: sectors
AI-intensive sectors are showing a productivity surge, PwC says
LONDON (Reuters) – The types of business which are most likely to use artificial intelligence are seeing growth in workers’ productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said. Productivity in professional and financial services and in information technology grew by 4.3% […]
Why Are Defensive Sectors Outperforming SPY?
outperform – investment – comparison – graph The S&P 500 index, as measured by the SPDR S&P 500 ETF Trust (SPY), has underperformed traditional defensive sectors—utilities and consumer staples—over the past month. SPY’s one-month return is –0.3% while the Utilities Select Sector SPDR ETF (XLU) and the Consumer Staples Select Sector SPDR ETF (XLP) gained […]
These ETF Sectors Won Earnings Season
ETF Investing Tools Investing isn’t a contest, or at least it shouldn’t be. However, earnings season has become so much more volatile and unpredictable in terms of how the actual quarterly announcements from companies relate to how their stock prices react. So as part of an advisor or investor’s ongoing market monitoring, it is worth […]
Australia Backs $47 Billion Gas Sector’s Role in Transition
(Bloomberg) — Australia is calling for the development of new natural gas resources to ensure it remains affordable and the nation continues as a major exporter, the latest shift by the center-left Labor government toward greater support for the fossil fuel. Most Read from Bloomberg The government released a long-term framework, called the Future Gas […]
Canada to tighten foreign investment rules in AI, space technology sectors, Bloomberg reports
March 26 (Reuters) – Canada will require foreign companies to warn the government in advance before making investments or acquisitions in artificial intelligence, quantum computing and space technology, Bloomberg News reported on Tuesday, citing an interview with Innovation Minister Francois-Philippe Champagne. The move will aid the government in conducting a national-security review before transactions get […]
Warren Buffett Just Issued a Dire Warning for These 2 “Bulletproof” Sectors
Warren Buffett just released his annual letter to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders, and in this investor’s eyes, it was his best in years. Aside from the fitting tribute to longtime partner Charlie Munger, who passed away late last year at age 99, Buffett expounded on Berkshire’s investments in a way he hadn’t […]
We want to help Ukraine but without harming entire sectors – Polish PM
Donald Tusk, Prime Minister of Poland, has repeated his position that the agreements on trade with Ukraine must take the interests of Polish agrarians into consideration, and criticised the EU policy of the European Green Deal in this sector. Source: European Pravda; Tusk’s statements on the sidelines of the meeting of the leaders of the […]
Ukraine needs $9 billion to revive tourism, cultural sectors
Ukraine will require $9 billion over the period of 10 years for the recovery of its cultural and tourism sectors, the UN cultural agency said on Feb. 13, Reuters reported. According to UNESCO, the besieged country has lost over $19 billion in tourism revenue as a result of Russia’s full-scale war. Moscow’s invasion took a […]
What a Trump Presidency Could Mean for Stocks. 2 Sectors to Watch.
Elections Street Notes By Jacob Sonenshine Jan 16, 2024, 2:55 pm EST Share Reprints In this article GD LMT NOC Donald Trump’s victory in the Iowa caucuses has people thinking about what another Trump presidency might bring. It could be a positive for certain groups of stocks. Continue reading this article with a Barron’s subscription. […]
A downturn is coming in the first half, and investors should eye these 3 sectors that have already priced in a recession, Deutsche Bank’s stock chief says
Bloomberg A downturn is coming, and investors should eye three sectors that have priced it in, Binky Chadha told CNBC. Consumer cyclicals, financials, and materials have priced in a potential recession, the Deutsche Bank stock strategist said. “If a lot’s already priced in, then if it happens, the risk-reward is still positive. “ Some sectors […]
Ukrainian forces repel Russian attacks on 7 frontline sectors
Ukrainian and Russian forces clashed in 75 combat engagements over the past day, Ukraine’s General Staff reported on Facebook on Dec. 23. Read also: Ukrainian forces repel 46 Russian attacks as fighting rages in Donbas Kupyansk sector – The enemy carried out 16 unsuccessful attacks near Synkivka in Kharkiv Oblast, where the enemy tried to […]