The shares of the video game retailer increased by 23% in premarket trading after Monday’s crazy session. For some, this is an emotional memory of the dot-com boom and bust and the fears that history might repeat.
Maybe one day it will be easier, when robots will be able to think for us. That brings us here call of the day, which comes from the DataTrek Research blog, which wonders if a fund that relies on artificial intelligence to invest ideas and which is difficult for technology stocks right now knows something we don’t know.
DataTrek notes AI-powered action AIEQ,
the exchange traded fund has increased by 12% so far, compared to a gain of 2.6% for the S&P 500 SPX,
and by 2020 it has increased by 25%, compared to an increase of 18%. It gained 101% from the lows of the March COVID-19 pandemic, compared to a 72% gain for S&P.
Manufacturer of electric cars Tesla TSLA,
SunPower SPWR solar solutions group,
AMD Advanced Micro Devices chip group,
Enphase Energy ENPH energy technology group,
and the technical giant Alphabet GOOGL,
are the first five farms.
What DataTrek found was that the fund’s top options are technologically more difficult than in October last year, when stocks with a more cyclical flavor, such as the Pfizer PFE healthcare group,
and automaker Ford F,
reached the top 10.
“AIEQ seems to have gained a bit of market“ signal ”in the last 12 months, so the fact that it lights up cyclically at the top of the sheet and maintains / increases its exposure to disruptive technology names (TSLA, SPWR, ENPH) is interesting, ”says DataTrek.
What could it mean? A human manager moving away from the cyclical right now could be a sign of cold feet in terms of the progress of the launch of the COVID-19 vaccine.
As DataTrek people say, the shares of this AI ETF reflect those of a successful hedge fund manager in the 1990s – “well-known stocks that play well-understood themes. Maybe the real power of investing in artificial intelligence is simply not thinking too much. ”
markets
YM00 futures,
ES00,
NQ00,
are slightly mixed, while the European actions SXXP,
they are bigger. CIS 300 000300 from China,
and the Hong Kong HSI Hang Seng Index,
lost more than 2% each. This is after the People’s Bank of China, in a surprising move, withdrew funds from the financial system and warned about the risks with asset bubbles.
Tweet
From Alexis Ohanian, husband of tennis star Serena Williams and co-founder of Reddit:
Buzz
Reporting before the opening of the market, the shares of the General Electric GE conglomerate,
are growing as revenues exceed forecasts and Johnson & Johnson JNJ healthcare group,
recorded a profit and an increase in pharmaceutical sales. American Express AXP Financial Services Group,
is yet to come. After closing, the technology giant Microsoft MSFT,
Starbucks SBUX coffee group,
& Chip companies in AMD Advanced Micro Devices
and Texas Instruments TXN,
report.
Actions of the e-commerce site Etsy ETSY,
grow in the premarket. This move seems to have coincided with a comment on Twitter TWTR,
by Tesla CEO Elon Musk, who said, “I like Etsy.”
The Federal Housing Finance Agency’s housing price index, the S&P Case-Shiller housing price index and consumer confidence data are all ahead.
European Union officials had a tense discussion with the pharmaceutical group AstraZeneca AZN,
AZN,
months regarding delays in the COVID-19 vaccine and threatened to control exports of any vaccines produced in the region.
Alternative Assets Manager Apollo Global Management APO,
says CEO Leon Black will resign by July.
Lawmakers are moving forward with a process to oust former President Donald Trump.
Shares of the Chinese technological conglomerate holding company Tencent 700,
it withdrew after an 11% increase on Monday, bringing it to nearly $ 1 trillion. The head of China’s central bank also struggled to answer a question about the digital payment group Ant Financial, whose initial public offering was postponed.
Random readings
As any good Spaniard will tell you, nap is a good thing.
Snowdrops in closed UK? That could cost you.
You need to know to start early and update up to the opening bell, but sign up here to deliver it once in the inbox. The emailed version will be sent at approximately 7:30 a.m. Eastern.
Want more for the next day? Sign up for The Barron’s Daily, a morning briefing for investors, including exclusive comments from writers Barron and MarketWatch.