Here we highlight three sectors that are sizzling with investing opportunities as the second wave of the outbreak is gathering steam.
Strength in major players in the technological sector leads Nasdaq to eighth day of straight gains and a record-high closing.
Fears for second wave of contagion ensure prolonged remote working as well as learning and big tech companies are focusing on virus-testing and tracing business.
These ETFs have a lot of exposure to big tech
Big five tech stocks lost more than $269 billion in value on Jun 11. This opens up a buying opportunity.
Many tech ETFs hit all-time highs in the recent trading session. Below, we have highlighted some of them that could be excellent plays to ride out the bullish trend in the tech space.
Apple hit new record highs in the last couple of trading sessions, with valuation approaching $1.5 billion.
Sector ETF report for PTF
These ETF areas have gained or lost assets in the month of May.
As tech giant Apple comes up with impressive second-quarter fiscal 2020 results amid the coronavirus crisis, we explore whether its ETFs will be a wise addition to the portfolio.
Microsoft continued its long track of beating earnings estimate and topped the revenue estimate, citing that the COVID-19 pandemic had a minimal impact on its results.
As the coronavirus pandemic raised demand for e-commerce, investors will closely watch Apple services revenues, which includes iTunes, Apple Music, iCloud, Apple Pay and Apple Care.
Better cash profile and earnings prospect, and lower debt in the tech sector compared to the S&P 500 as a whole make it a star, despite the recent dip.
The weakness in the PC business is expected to be offset by surging usage of cloud-based services driven by people working remotely.
Bet on big tech stocks and related ETFs as these are cash-rich and can navigate the virus-induced market turmoil better.
It is being feared that the increasing number of infected cases outside mainland China will disrupt the global supply chains and economic activities, leading to a slowdown in IT spending in 2020.
Microsoft said it may miss its revenue guidance for the upcoming quarter on coronavirus-related pressure on Microsoft's Windows and Surface hardware businesses.
Wall Street is suffering a bloodbath on rising coronavirus scare, with tech stocks leading the slump. Use the dip in tech ETFs as a buying point.
Production delays and lower demand caused by coronavirus are likely to affect Apple???s earnings results. Buy the likely dip in Apple???s shares with these ETFs.