Tech News Today for Financial Advisors: Google Splits, IBM Reports

nikholas

This year Silicon Valley has certainly lost its groove. Many of the growth companies have suffered massive drops in their stock prices. The industry has also seen an uptick in layoffs.  

By bringing down the stock prices, splits like Google’s on Monday, may generate more interest from retail investors.


Photo Illustration by Barron’s Advisor; Dreamstime (2)

But maybe things have become too negative? During the past few weeks, tech has pulled off a decent rally. Even the beleaguered
(ARKK) has posted a 13% gain since the start of July.

It’s impossible to tell if this will last. Second quarter earnings,

  Read more

Tech News Today for Financial Advisors: Amazon, Meta, and, of Course, Twitter

nikholas

The rebranding of Facebook to Meta continues with a new ticker taking effect on Thursday.


Photo Illustration by Staff; Bloomberg; Dreamstime

The wrenching volatility continues in the wild tech space. After a plunge in the

Invesco QQQ Trust

(QQQ) on Friday, there was a solid 2% gain in early trading Monday. But unfortunately, the gain has fizzled.

Nowadays the tech market seems more for quick-action traders. As for long-term investors, you really need a strong stomach.

OK then, what’s some of the news for financial advisors to key in on? Here’s a look:

Amazon Split: It’s been an uncharacteristically

  Read more

Silicon Valley braces for a new era of financial and political upheaval

nikholas

It was fun while it lasted, but after years of sky-high valuations, Silicon Valley is engulfed in its worst sell-off since the 2008 stock market crash.

After a pandemic-fueled boom sent tech names soaring, many of those businesses have seen the worst six months of their lives as publicly traded companies. Peloton, the exercise startup, is emblematic of this ominous reality: Its shares have cratered from a high of $163 at the end of 2020 to about $17. On Thursday, The Wall Street Journal reported company executives were looking to sell a minority stake to an outside investor

  Read more