Tech Stocks Going On Sale
There is a sale going on right now in technology stocks: are you buying? Since hitting a high on March 6, the tech sector, as represented by the NASDAQ, has dropped 6.25%. More recently, the index has dropped 4.58% in just the past four trading days alone. Previous high-flyers like FireEye (FEYE – down 49%), Twitter (TWTR – down 43%), Rackspace (RAX – down 38%), Yelp (YELP...
Read MoreMarket Achieves Record Levels
About an hour into trading today, the S&P 500 and the Dow Jones Industrial Average have both surpassed previous all time highs and achieved significant milestones. As I write this around 10:30am, the DJIA is at 15,003, marking the first time in history the venerable index has reached that level. Similarly, the S&P 500 is at 1,616, the first time that index has ever been over 1,600. And...
Read MoreIs Social Media Dead as an Investment?
Investors are fleeing social media stocks in droves. Pandora (P), Groupon (GRPN), Zynga (ZNGA) and Facebook (FB) are all being crushed. Angie’s List (ANGI) and Yelp (YELP) aren’t doing much better. Only LinkedIn (LNKD) is trading around where it was on the day of its IPO. Does this mean the end of the game for this sector of the Internet 2.0, or is it just a bump in the road? While I...
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