‘Day of reckoning’ is coming for high-flying tech stocks, Wells Fargo warns

CNBC2021-07-06

Wells Fargo Securities' Chris Harvey is doubling down on his Big Tech warning, saying a "day of reckoning" is ahead. He's urging investors to take profits in light ofrisks associated with rising ...

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精彩评论

chaisiewling
2021-07-06
chaisiewling
like
Bructor
2021-07-06
Bructor
Izzit time to prepare more money? Hahahah [Cool]
- Bructor:
  Please like comment and follow! TQ! [Cool]
Soksok
2021-07-06
Soksok
Like
BlueDragon
2021-07-06
BlueDragon
Like and comments
EHG
2021-07-06
EHG
Like
AlexWong
2021-07-06
AlexWong
Everyday up, up and up. When down?
- Geoz88:
  Ok
- zhimin0808:
  no need go down. once down it's falling of a house of cards.

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Two, we think that the next 25 basis point move in the 10-year [Treasury Note yield] is… up not down.\"\nAfter a surge earlier this year, the10-year yieldis trending lower. It ended the week at 1.43% on Friday, down almost 17% over the past three months. The drop has been benefitting growth stocks, particularly Big Tech.\nBut Harvey warns a significant reversal is virtually unavoidable, citing the fundamental economic backdrop. Rising rates will set the stage for a double-digit pullback in momentum growth stocks. He predicts it could happen later this summer or early fall.\n\"The tech companies and the growth companies that are selling at very high multiples,\" he noted. \"Even though they have high growth rates, the high multiples are what's going to do them in.\"\nHarvey called the March rebound in Big Tech a \"head fake\" on\"Trading Nation\" in late April. 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When down?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/154511413","repostId":1158609333,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5132162,"gmtCreate":1625534722292,"gmtModify":1635236363154,"authorId":3579002978614578,"author":{"id":3579002978614578,"authorId":3579002978614578,"name":"Geoz88","avatar":"https://static.tigerbbs.com/40716588ae7919100620a5b5a9c48cac","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":154511413,"type":1,"supId":0,"prevId":0,"content":"Ok ","text":"Ok ","html":"Ok "},{"id":5132860,"gmtCreate":1625538359878,"gmtModify":1635236297279,"authorId":3574113728555242,"author":{"id":3574113728555242,"authorId":3574113728555242,"name":"zhimin0808","avatar":"https://static.tigerbbs.com/c7a417dfd78c93123bd6aa480aa1c26c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":154511413,"type":1,"supId":0,"prevId":0,"content":"no need go down. once down it's falling of a house of cards.","text":"no need go down. once down it's falling of a house of cards.","html":"no need go down. once down it's falling of a house of cards."}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":157,"commentSize":22,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.25.1","shortVersion":"4.25.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1158609333"}