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"Time will tell if the expected volatility will turn into actual market volatility," Charlie Ripley, senior investment strategist at Allianz Investment Management, told the publication.
Among the five companies of which further growth analysts are confident are processor manufacturer O'Reilly Automotive, Advanced Micro Devices (AMD), Orbcomm, Pinterest and Oppenheimer Enphase Energy. The publication cites the TipRanks Forecast Service, highlighting the unpredictability of economic conditions and the need to follow recommendations based on in-depth analysis of market data.
The last week of October was the worst for the US stock market since March. The leaders of the fall were technology giants, whose reports could not dispel the negative sentiments of investors fearing a new wave of COVID-19 and a repeat of the spring collapse. As noted by CNBC, the Dow Jones Industrial Index has lost 6.5% since the beginning of the week by Friday's close of trading. The S&P 500 index, which tracks shares of the most expensive companies on the U.S. exchanges, fell by 5.6% over the week. The Nasdaq Index, which includes technology companies, fell by more than 5%.
On Friday, shares of large technology companies were the leaders in the fall. Of the top five tech companies in FAANG (Facebook, Amazon, Apple, Netflix and Google), four presented reports in which each company reported results better than expected, Forbes USA notes. However, only the shares of Alphabet (Google's parent company) rose on Friday: by the time they closed, they had risen by 3.4 per cent.
"In 2016, the market was falling for nine out of 10 days before the elections. What is happening in the market this week is no surprise at all," David Bahnsen, Investment Director of The Bahnsen Group, told Forbes. None of the reports presented by technology companies on Thursday were bad, he said, and some were even 'impressive'. However, the market reacts negatively because it expects "something more than ideal" from companies.
source: wsj.com
Among the five companies of which further growth analysts are confident are processor manufacturer O'Reilly Automotive, Advanced Micro Devices (AMD), Orbcomm, Pinterest and Oppenheimer Enphase Energy. The publication cites the TipRanks Forecast Service, highlighting the unpredictability of economic conditions and the need to follow recommendations based on in-depth analysis of market data.
The last week of October was the worst for the US stock market since March. The leaders of the fall were technology giants, whose reports could not dispel the negative sentiments of investors fearing a new wave of COVID-19 and a repeat of the spring collapse. As noted by CNBC, the Dow Jones Industrial Index has lost 6.5% since the beginning of the week by Friday's close of trading. The S&P 500 index, which tracks shares of the most expensive companies on the U.S. exchanges, fell by 5.6% over the week. The Nasdaq Index, which includes technology companies, fell by more than 5%.
On Friday, shares of large technology companies were the leaders in the fall. Of the top five tech companies in FAANG (Facebook, Amazon, Apple, Netflix and Google), four presented reports in which each company reported results better than expected, Forbes USA notes. However, only the shares of Alphabet (Google's parent company) rose on Friday: by the time they closed, they had risen by 3.4 per cent.
"In 2016, the market was falling for nine out of 10 days before the elections. What is happening in the market this week is no surprise at all," David Bahnsen, Investment Director of The Bahnsen Group, told Forbes. None of the reports presented by technology companies on Thursday were bad, he said, and some were even 'impressive'. However, the market reacts negatively because it expects "something more than ideal" from companies.
source: wsj.com
