The Nasdaq Composite has gained 22% year-to-date on the back of surging technology plays. The Nasdaq’s biotech component is also surging amid vaccine optimism. Wall Street analysts have identified several Nasdaq-100 stocks with significant upside potential. Combined, they could take the index to new record highs. The technology sector’s epic bull run of 2020 is…
The Dow and S&P 500 declined on Thursday while the Nasdaq reversed losses. Initial jobless claims are rising again amid a worsening Covid-19 outbreak. U.S. GDP recorded its largest-ever contraction in the second quarter. The Dow and broader U.S. stock market declined on Thursday over revelations that the economic recovery was losing momentum in July.…
Cryptocurrency exchange Coinbase is gearing up for a public listing. Bitcoin fear of missing out (FOMO) is set to collide with a tech bubble on Wall Street. Sorry Tesla, did the stock market just find its new cult favorite? Coinbase, the $8 billion bitcoin exchange, is planning an IPO to become a publicly-listed company. As…
The Nasdaq Composite Index peaked at 10,310.36 on Thursday, a new record. Technology and communication stocks continue to outperform the broader stock market. A better than expected jobs report fueled investor appetite ahead of the Independence Day long weekend. The Nasdaq Composite Index surged to new all-time highs Thursday, extending its streak of market-beating returns…
Nasdaq 100 companies are making a killing amid the pandemic. Global liquidity is a huge factor behind the recent stock market rally. The smart money will eventually find its way to fundamentally sound companies. The Nasdaq Composite (IXIC) is slaughtering bears in a time of global crisis. The benchmark index is 4% shy of its…
The NASDAQ is up 15% for the year despite harrowing economic data. There are some signs that tech stocks could be in another bubble. But it’s also not hard to see why markets think they’re invincible. The NASDAQ Composite is up an incredible 15.73% for the last twelve months. Yes, these last twelve months. Imagine…
The Nasdaq has soared so much it is now to the point it was at the start of 2020. Tech giants like Amazon and Netflix have driven the Nasdaq higher as the coronavirus boosted their business. The tech stocks bubble is about to burst as tech companies are overvalued. After crashing 30% from its February…
Well this aged awkwardly. Last July, Jim Cramer admitted tech stocks “have some outrageous valuations,” but “it’s not like we’ve gone crazy.” Over the next seven months, the Nasdaq grew 18% – over a trillion dollars. But Jim Cramer is still cautiously bullish today. And most corporate businesses fear a harrowing recession ahead. Just when…
Today the tech-heavy Nasdaq Composite closed at an all-time record high of 8,814.23, up 0.91% on the day. The Nasdaq is up more than 32% on the year. Turning the clock back, the Nasdaq Composite is up around 60% from the end of 2016. Compared to the anti-records set in 2009 during the doldrums that…
