Tech-dominated 'growth' stocks are still not cheap despite some sharp falls over the last six months, analysts at U.S. investment bank JPMorgan cautioned on Monday.
JPMorgan's analysts estimate that on average tech firms that are yet to even make a profit have lost 30% of their value since peaks around September last year, while 'fintech' firms which focus on tech-savvy banking apps and tools have dropped 40%.
Years of record-low rates have fuelled the tech stock rally but with those rates now rising again the appeal of stratospherically-valued tech stocks gets dimmer for investors, especially if their growth trajectories splutter. "Our fixed income strategists expect U.S. 10-year yields to reach 2.35% by the end of this year, and German 10-year yields to reach 0.5%." Treasury yields are now at 1.92% and Germany bunds are at 0.2%.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
India sees double-digit growth in millionaire classIndia’s millionaire class continues to grow, according to new findings from the Hurun Research Institute.
Consulte Mais informação »
How to Use Sales and Marketing Collaboration for Business GrowthSales and marketing teams have traditionally operated in silos, but now more than ever, this is not a viable strategy ✍ Gartner_Sales shares how to use sales and marketing collaboration for business growth: GartnerSales CSO
Consulte Mais informação »
Warby Parker Has Big Growth Plans. But Analysts Are Split on Its Bid to Take on EssilorLuxotticaWhile EssilorLuxottica has a much larger market capitalization than Warby Parker, the smaller company says it can grow “faster than the overall industry.”
Consulte Mais informação »
With tremendous growth already at the doors of the district, Humble ISD trustees voted to place the $775M bond package on the ballot for May.With new additions coming to the district and 2,500 new students this year alone,...
Consulte Mais informação »
Steer clear of stocks like McDonald's as inflation keeps rising, JPMorgan saysWith inflation rising at its fastest pace in about 40 years, there are some stocks investors may want to hold stay away from, according to JPMorgan.
Consulte Mais informação »
Bitcoin Renaissance Likely in H2: Babel FinanceBabel Finance foresees return of bitcoin bulls three months after the impending March Fed rate hike. reports godbole17
Consulte Mais informação »