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2021-03-26

Time will tell

Tech stocks, with the exception of one, are 'frustrating a lot of investors': analyst

The once can't-missbig-cap techtrade has been anything but hot in 2021 amid a shift to value stocks

Tech stocks, with the exception of one, are 'frustrating a lot of investors': analyst

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You are seeing money go to travel stocks. You are seeing money go to airlines. You are seeing the broadening out of money,\" Thill said onYahoo Finance Live. \"I think money will come back, it's just right now valuation combined with the names aren't working I think it's frustrating a lot of investors. A lot of the hedge funds have gotten turned upside down and they have to rethink their positioning. So right now, I call it more of a time out [on tech].\"</p>\n<p>While cautious on most of the underperforming tech sector, Thill does have his eye on <a href=\"https://laohu8.com/S/AONE.U\">one</a> social media giant: <a href=\"https://laohu8.com/S/FB\">Facebook</a>.</p>\n<p>\"Facebook is a cheap name,\" Thill says. \"$15 of earnings power and a mid 20 [P/E] multiple on it, and you are at $350 to $375 on the stock. So you got a lot of upside still on Facebook. We like that.\"</p>\n<p>Facebook shares finished Wednesday's session at $282, up 3% on the year — and a laggard relative to the S&amp;P 500 and Dow.</p>\n<p>Meanwhile, a recent example of a likely frustrating tech trade is cloud play <a href=\"https://laohu8.com/S/ADBE\">Adobe</a>.</p>\n<p>Adobe smashed quarterly earnings estimates on Tuesday evening by 36 cents. Demand was strong across the board, led by a 32% increase in sales at the company's Digital Media business. The company issued full-year earnings guidance about 60 cents above Wall Street projections.</p>\n<p>Yet,Adobe shares fell nearly 2% in heavy tradingon Wednesday.</p>\n<p>Serious traders probably aren't too shocked by the ho-hum response to Adobe's blowout earnings.</p>\n<p>TheNasdaq Composite is up marginally on the yearversus a 4% gain for the S&amp;P 500 and a 6% bump on the Dow Jones Industrial Average. As for the closely watched NYSE FAANG+ Index (which tracks top tech names such as Facebook, Apple, Amazon, Netflix and Google) it's up slightly year-to-date.</p>\n<p>Cloud stocks have been hammered this year — <a href=\"https://laohu8.com/S/CRM\">Salesforce</a> is down 6% year-to-date and DocuSign has shed 11% (despite a strong recent earnings report of its own,as explained by DocuSign CEO Dan Springer on Yahoo Finance Live).</p>","source":"lsy1584348713084","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech stocks, with the exception of one, are 'frustrating a lot of investors': analyst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech stocks, with the exception of one, are 'frustrating a lot of investors': analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 10:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tech-stocks-with-the-exception-of-one-are-frustrating-a-lot-of-investors-analyst-102558525.html><strong>yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The once can't-missbig-cap techtrade has been anything but hot in 2021 amid a shift to value stocks ahead of a strong economic recovery from the worst of theCOVID-19 pandemic.\nSuch ongoing weakness in...</p>\n\n<a href=\"https://finance.yahoo.com/news/tech-stocks-with-the-exception-of-one-are-frustrating-a-lot-of-investors-analyst-102558525.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/tech-stocks-with-the-exception-of-one-are-frustrating-a-lot-of-investors-analyst-102558525.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130786077","content_text":"The once can't-missbig-cap techtrade has been anything but hot in 2021 amid a shift to value stocks ahead of a strong economic recovery from the worst of theCOVID-19 pandemic.\nSuch ongoing weakness in tech has put most names in the space in the penalty box for veteran Wall Street tech analystBrent Thill of Jefferies.\n\"I think that tech is off limits right now. You are seeing money go to travel stocks. You are seeing money go to airlines. You are seeing the broadening out of money,\" Thill said onYahoo Finance Live. \"I think money will come back, it's just right now valuation combined with the names aren't working I think it's frustrating a lot of investors. A lot of the hedge funds have gotten turned upside down and they have to rethink their positioning. So right now, I call it more of a time out [on tech].\"\nWhile cautious on most of the underperforming tech sector, Thill does have his eye on one social media giant: Facebook.\n\"Facebook is a cheap name,\" Thill says. \"$15 of earnings power and a mid 20 [P/E] multiple on it, and you are at $350 to $375 on the stock. So you got a lot of upside still on Facebook. We like that.\"\nFacebook shares finished Wednesday's session at $282, up 3% on the year — and a laggard relative to the S&P 500 and Dow.\nMeanwhile, a recent example of a likely frustrating tech trade is cloud play Adobe.\nAdobe smashed quarterly earnings estimates on Tuesday evening by 36 cents. Demand was strong across the board, led by a 32% increase in sales at the company's Digital Media business. The company issued full-year earnings guidance about 60 cents above Wall Street projections.\nYet,Adobe shares fell nearly 2% in heavy tradingon Wednesday.\nSerious traders probably aren't too shocked by the ho-hum response to Adobe's blowout earnings.\nTheNasdaq Composite is up marginally on the yearversus a 4% gain for the S&P 500 and a 6% bump on the Dow Jones Industrial Average. As for the closely watched NYSE FAANG+ Index (which tracks top tech names such as Facebook, Apple, Amazon, Netflix and Google) it's up slightly year-to-date.\nCloud stocks have been hammered this year — Salesforce is down 6% year-to-date and DocuSign has shed 11% (despite a strong recent earnings report of its own,as explained by DocuSign CEO Dan Springer on Yahoo Finance Live).","news_type":1},"isVote":1,"tweetType":1,"viewCount":202,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":12,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}