Tech stocks, with the exception of one, are 'frustrating a lot of investors': analyst

yahoo2021-03-26

The once can't-missbig-cap techtrade has been anything but hot in 2021 amid a shift to value stocks ahead of a strong economic recovery from the worst of theCOVID-19 pandemic. Such ongoing weakness in...

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Foured
2021-03-26
Foured
Do like and comment thanks !
- Foured:
  👏
- Aaronykc:
  Please comment back
- 4573b69e:
  Diamond hands!
TriRain
2021-03-26
TriRain
Hi I néed a like
- KyleFong:
  Done. Please comment back here as return
JPUA
2021-03-26
JPUA
Hey guys
7415988b
2021-03-26
7415988b
:(
- 7415988b:
  :((
KinKat
2021-03-26
KinKat
Author vested in FB?
Chounz
2021-03-26
Chounz
Give like please

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You are seeing money go to travel stocks. You are seeing money go to airlines. You are seeing the broadening out of money,\" Thill said onYahoo Finance Live. \"I think money will come back, it's just right now valuation combined with the names aren't working I think it's frustrating a lot of investors. A lot of the hedge funds have gotten turned upside down and they have to rethink their positioning. So right now, I call it more of a time out [on tech].\"\nWhile cautious on most of the underperforming tech sector, Thill does have his eye on one social media giant: Facebook.\n\"Facebook is a cheap name,\" Thill says. \"$15 of earnings power and a mid 20 [P/E] multiple on it, and you are at $350 to $375 on the stock. So you got a lot of upside still on Facebook. We like that.\"\nFacebook shares finished Wednesday's session at $282, up 3% on the year — and a laggard relative to the S&P 500 and Dow.\nMeanwhile, a recent example of a likely frustrating tech trade is cloud play Adobe.\nAdobe smashed quarterly earnings estimates on Tuesday evening by 36 cents. Demand was strong across the board, led by a 32% increase in sales at the company's Digital Media business. The company issued full-year earnings guidance about 60 cents above Wall Street projections.\nYet,Adobe shares fell nearly 2% in heavy tradingon Wednesday.\nSerious traders probably aren't too shocked by the ho-hum response to Adobe's blowout earnings.\nTheNasdaq Composite is up marginally on the yearversus a 4% gain for the S&P 500 and a 6% bump on the Dow Jones Industrial Average. 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Please comment back here as return","text":"Done. Please comment back here as return","html":"Done. 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