Societe Generale (OTC:SCGLY) strategists have recently sounded the alarm for growth-focused investors, cautioning them about the potential risks of a bubble burst in the US technology sector. The banking giant pointed out the soaring market capitalization of US Tech within the S&P 500 and highlighted the contrasting trends of smaller stocks on the rise versus
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The plan to use Japanese factories to increase the production of Patriot air defense missiles, which are crucial for Ukraine to defend against Russian attacks, is facing delays due to a shortage of a critical component manufactured by Boeing. The production snag in Japan highlights the challenges faced by Washington in integrating industrial support from
The recent fluctuations in the stock market, particularly concerning the technology sector, have left investors on edge. With the upcoming earnings season, there is hope that corporate results will help stabilize the market. However, the sharp decline in technology shares over the past week has raised concerns among bullish investors. This article will delve into
Following underwhelming earnings from Netflix Inc, U.S. stock index futures saw a slight rise in evening deals on Thursday. The market sentiment remained fragile due to uncertainty over U.S. politics, with growing calls for President Joe Biden to withdraw his reelection bid. Despite these factors, a broad rotation out of heavyweight technology stocks appeared to
Trading in U.S. chip stocks has been volatile recently, with the Philadelphia semiconductor index managing to close higher after a significant tumble on Wednesday. The market saw a rollercoaster ride with contributions from heavyweights like Nvidia and Broadcom. The market was hit hard by reports of the United States considering tighter curbs on exports of
Recently, it has come to light that GitLab, a cloud-based software development tools provider based in the U.S., is considering a sale following interest from potential buyers. The market value of GitLab is estimated to be around $8 billion, making it an attractive prospect for acquisition. This decision has garnered attention from various industry players,
Most Asian stocks rose on Tuesday, following the gains on Wall Street amidst increasing expectations of a September interest rate cut. The positive cues from a strong finish on Wall Street were further boosted by dovish-leaning comments from Federal Reserve Chair Jerome Powell regarding easing inflation. This led to regional markets tracking these gains and
The recent report from RBC Capital analysts raises concerns about the potential impact of the weak CPI print on the stock market. The analysts caution that the upcoming 2Q24 reporting season will be a crucial test for the market. They specifically mention that the rotation trade, which showed signs of gaining momentum last week, will
The recent attack on U.S. presidential candidate Donald Trump has led to a slip in U.S. bond futures and a firming of the dollar. This market reaction is based on the assumption that Trump’s chances of victory have increased, leading to a higher level of political uncertainty. The prospect of a Trump win has historically
The South Korean EV battery maker SK On is facing challenges amidst a slowdown in global electric vehicle (EV) demand. In response to this, the company is expanding its product portfolio by venturing into prismatic batteries, in addition to its existing pouch-type batteries. This strategic move comes as SK On aims to adapt to the