Stocks seem to start Tuesday’s session a little lower as we head towards the long holiday weekend. Investors eventually have a US stimulus bill, but a new UK Covid-19 variety that could be more contagious continues to bother.
If a pandemic year has shown us anything, investors are still returning to the technological stocks, which they delivered this year. Apple AAPL,
and Amazon.com AMZN,
over 70% each, Netflix NFLX,
added 60% and GOOGL Alphabet,
increased by 29%.
But ours call of the day from Michael Loukas, CEO of TrueMark Investments, suggests investors start digging deeper for younger, hungrier tech companies. Because, as he says, what happens when those larger stocks of technology start to run out of steam?
“We’ve been through different waves of technology and are you looking at some of the mega-caps in technology right now and are they really innovative? Not necessarily at this stage. So we are looking for these people who are coming back and who are category killers, who embrace innovation, who bring to the table a kind of competitive technology, such as artificial intelligence, “Loukas told MarketWatch in an interview.
Certainly, those big companies, Netflix and the like, have enjoyed years of domination as “category killers,” dominating their domains and developing ecosystems on which individuals and companies depend.
Up and coming, Loukas Invest is also mixing in another theme he wants to lead in 2021 – working from home after the lockdown. That is, the view that the end of blockades will not significantly slow growth for cybersecurity and cloud companies that benefit from this trend.
With regard to its stock options, it indicates Okta OKTA,
an enterprise-wide identity management service that can connect anyone to any device and works in the cloud. CrowdStrike CRWD Cybertechnology Company,
is another, and then it’s Zscaler ZS,
a security platform that connects users and their applications.
These are the actions you enter in the TrueMark ETFs – TrueShares Structured Outcome ETF DECZ,
and LRNZ ETF for TrueShares, AI and Deep Learning technology,
”
As for the view that some believe the assessments are extensive, he says this is another reason to look at secular growth stories – which happen when an industry changes and there is new demand. “I take you to these killers and smaller companies that are gaining market share and have a lot of room to grow in the next few years,” Loukas said.
markets
YM00 futures,
ES00,
NQ00,
it is heading lower, with European stocks also under pressure, despite gains after Monday’s big losses. And Nikkei NIK,
led Asian markets south. Concerns about virus blockages keep the pressure on CL00 oil,
Buzz
A second major coronavirus aid package went through Congress late Monday after nine months of negotiations, but a future battle for another aid package is approaching. A Democrat suggests throwing an additional $ 300 to $ 400 as a reward for Americans who are vaccinated for Covid-19.
US economic news expects a three-quarter growth review, a consumer confidence index and existing home sales data.
Taiwan has broken the longest period in the world to be without new Covid-19 cases – more than 8 months – after a pilot gave positive results.
Peloton Interactive PTON,
agreed to buy rival exercise equipment maker Precor in a $ 420 million deal, hoping it would help it catch up with all those orders behind the pandemic.
An unwritten draft lawsuit said Facebook FB technology groups,
and the GOOGL Alphabet,
they promised to work together if they would ever face an antitrust lawsuit over online advertising.
Large US technology groups, Cisco CSCO,
Intel INTC,
and Nvidia NVDA,
are added to the list of companies that have been victims of the suspected Russian piracy of the IT management group Solar Winds SWI,
MGM, the studio behind the James Bond movies, reportedly explored a sale.
Chart
A December RBC investor survey showed that the date when some investors expect life to return to normal after COVID 19 has been removed. “Overall, 61% of investors believe that normalcy will return sometime in 2021, another 39% saying 2022 or later,” said Lori Calvasina, head of US capital strategy.
RBC
Also, in that survey, here are the stock sectors that investors wanted to sell:
RBC
And buy:
RBC
Random readings
The illegal winery was arrested at the sewer station in Alabama
Wisconsin dentist accused of breaking teeth in fraud scheme
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