‘Day of reckoning’ is coming for high-flying tech stocks, Wells Fargo warns_老虎社区_美港股上老虎

‘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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157

chaisiewling
·2021-07-06
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Bructor
·2021-07-06
Izzit time to prepare more money? Hahahah [Cool]
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2
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- Bructor:
  Please like comment and follow! TQ! [Cool]
  2021-07-06
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Soksok
·2021-07-06
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BlueDragon
·2021-07-06
Like and comments
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1
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EHG
·2021-07-06
Like
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AlexWong
·2021-07-06
Everyday up, up and up. When down?
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- Geoz88:
  Ok
  2021-07-06
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- zhimin0808:
  no need go down. once down it's falling of a house of cards.
  2021-07-06
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Universe宇宙
·2021-07-06
Please like and comment. Thanks.
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- BlueDragon:
  Liked
  2021-07-06
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- Universe宇宙:
  thanks
  2021-07-06
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huichen
·2021-07-06
[害羞]
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5
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ynwaben
·2021-07-06
Pls like n comment
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- GraceChan:
  ok
  2021-07-06
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Hsc
·2021-07-06
Cool
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名字真难起
·2021-07-06
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fatpistachio
·2021-07-06
Time for rational markets to return
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- fatpistachio:
  yup
  2021-07-06
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- meowmeowme:
  unlikely...
  2021-07-06
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- Ahleepapa:
  Lets short squeeze them redditors🌚
  2021-07-06
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查看更多 1 条评论
Roticanai
·2021-07-06
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Glenna
·2021-07-06
sound worrying
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Butt3rc00ki3
·2021-07-06
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- beebeeyan:
  nb
  2021-07-06
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Butt3rc00ki3
·2021-07-06
Like
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zzcloud88zz
·2021-07-06
Like n comment
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- FunnyFun:
  Ok
  2021-07-06
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- 小小馒头:
  Done!
  2021-07-06
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Bonds
·2021-07-06
Good say Somtimes they come back again Thanks
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- Wenikho:
  Ok
  2021-07-06
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100EMAS
·2021-07-06
People want to know when exactly is the day of reckoning…otherwise it is just a stupid statement which everybody knows.
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andrew123
·2021-07-06
Wat goes up must come down. The question is when . Like n comment
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- 100EMAS:
  Likey
  2021-07-06
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- Alfred1007:
  well said..is just a matter of time...
  2021-07-06
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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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The broaderS&P 500andDowalso closed at fresh record highs.\nIf tech's high-flyers correct, Harvey expects the fallout to affect the broader market due to the group's dominance.\nHowever, he's maintaining his bullishness on market names tied the economic recovery.\n\"They've managed their earnings expectations quite well, and they've been much more conservative than we thought they would be,\" said Harvey. \"We think this cycle lasts longer than many people expect and many people believe.\"\nHis top cyclical picks include large money center banks, chemical and aerospace companies.\n\"Many of the cyclical companies still have mid-single-digit to double-digit upside from here on a relative and absolute basis,\" Harvey added.\nHarvey has an S&P 500 year-end price target of 3,850, which implies a 12% dip from Friday's close.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":157930945,"gmtCreate":1625559075787,"gmtModify":1633939659704,"author":{"id":"3584578813080112","authorId":"3584578813080112","name":"chaisiewling","avatar":"https://static.tigerbbs.com/a9a4a1e448f0d39c51c24533166eb658","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584578813080112","authorIdStr":"3584578813080112"},"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/157930945","repostId":1158609333,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154485858,"gmtCreate":1625539229874,"gmtModify":1633939840022,"author":{"id":"3581483851329403","authorId":"3581483851329403","name":"Bructor","avatar":"https://static.tigerbbs.com/506c9dd98220d3009c7e4b7a2c9aa34f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581483851329403","authorIdStr":"3581483851329403"},"htmlText":"Izzit time to prepare more money? Hahahah [Cool]&nbsp;","listText":"Izzit time to prepare more money? Hahahah [Cool]&nbsp;","text":"Izzit time to prepare more money? Hahahah [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/154485858","repostId":1158609333,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5132968,"gmtCreate":1625539349373,"gmtModify":1635236287342,"authorId":3581483851329403,"author":{"id":3581483851329403,"idStr":"3581483851329403","authorId":3581483851329403,"name":"Bructor","avatar":"https://static.tigerbbs.com/506c9dd98220d3009c7e4b7a2c9aa34f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":154485858,"type":1,"supId":0,"prevId":0,"content":"Please like comment and follow! TQ! [Cool]","text":"Please like comment and follow! TQ! [Cool]","html":"Please like comment and follow! TQ! [Cool]"}],"langContent":"EN"},{"id":154410375,"gmtCreate":1625538153697,"gmtModify":1633939852117,"author":{"id":"3579684763801587","authorId":"3579684763801587","name":"Soksok","avatar":"https://static.tigerbbs.com/03c4a8d2787d3c5042bccff3b0bb60f1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579684763801587","authorIdStr":"3579684763801587"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154410375","repostId":1158609333,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154564819,"gmtCreate":1625534971631,"gmtModify":1633939909040,"author":{"id":"4087932884013320","authorId":"4087932884013320","name":"BlueDragon","avatar":"https://static.tigerbbs.com/431c326e19a16844e147d10866565f27","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087932884013320","authorIdStr":"4087932884013320"},"htmlText":"Like and comments","listText":"Like and comments","text":"Like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154564819","repostId":1158609333,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154586731,"gmtCreate":1625534462923,"gmtModify":1633939918074,"author":{"id":"3586941861951066","authorId":"3586941861951066","name":"EHG","avatar":"https://static.tigerbbs.com/28e4734e50f795c3218330cbb6c3e9a0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586941861951066","authorIdStr":"3586941861951066"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154586731","repostId":1158609333,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154511413,"gmtCreate":1625533941832,"gmtModify":1633939928784,"author":{"id":"3560730969024945","authorId":"3560730969024945","name":"AlexWong","avatar":"https://static.tigerbbs.com/5355aad69cfd852f084e4c841a5fb0b0","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3560730969024945","authorIdStr":"3560730969024945"},"htmlText":"Everyday up, up and up. &nbsp;When down?&nbsp;","listText":"Everyday up, up and up. &nbsp;When down?&nbsp;","text":"Everyday up, up and up. 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,"idStr":"3579002978614578","authorId":3579002978614578,"name":"Geoz88","avatar":"https://static.tigerbbs.com/40716588ae7919100620a5b5a9c48cac","vip":1,"crmLevel":1,"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,"idStr":"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"},{"id":154533949,"gmtCreate":1625533354081,"gmtModify":1633939938825,"author":{"id":"3585001294737518","authorId":"3585001294737518","name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3585001294737518","authorIdStr":"3585001294737518"},"htmlText":"Please like and comment. Thanks.","listText":"Please like and comment. Thanks.","text":"Please like and comment. 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