Tag: Trending

Trending: A tell-tale week for tech’s selloff as traders lose faith

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This week: A tell-tale week for the tech selloff

tim cook

Apple CEO Tim Cook speaks at the WSJD Live conference in Laguna Beach, California October 27, 2014.

REUTERS/Lucy Nicholson

The stock market’s collective conviction that tech is a safe harbor amid the turmoil of the pandemic has been shaken. After defying gravity for a long time, tech stocks are suddenly losing altitude: Apple lost its $2 trillion valuation (perhaps only temporarily), and Amazon’s decoupled king and queen — Jeff Bezos and MacKenzie Scott — each suffered multi-billion dollar declines in their net worths.

Are we looking at the start of another dotcom-like debacle for tech, or just an unsettling burp as the tech industry

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Facebook Among The Top Trending Stocks Rated Attractive This Week

On Wednesday last week, everything was looking rosy for investors. Stocks were hitting new highs, and short sellers were getting squeezed by the day. However, it all changed on Thursday when technology shares finally showed some cracks in their strength, pulling back significantly, and followed through Friday with a volatile session. All good things must come to an end, and given the rally off the coronavirus lows made in late March, 2020, it would appear a decent time for a pullback. The Labor Department did give some good news on Friday with the monthly jobs report for August coming in much better than expected, especially when looking at the unemployment rate that hit 8.4%, much lower than expected.  The deep learning algorithms at Q.ai have used Artificial Intelligence (“AI”) technology and rated some Trending Stocks this week.

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