News That Matters

Tag: sector

Technology Sector Update for 01/22/2018: LFIN,ENTG,NUAN,TWOU

Technology Sector Update for 01/22/2018: LFIN,ENTG,NUAN,TWOU

Finance
Shutterstock photoTop Tech StocksMSFT +1.37%AAPL -0.83%IBM -0.18%CSCO +0.68%GOOG +1.17%Technology stocks were rising this afternoon, with shares of tech companies in the S&P 500 adding nearly 0.7% in value today while the Philadelphia semiconductor index was posting a more than 0.5% gain.Among technology stocks moving on news today:Longfin ( LFIN ) was more than 10% higher in late trade after Monday telling the market to disregard its previous announcement an unnamed institutional investor was taking a $ 52.7 million stake in the financial technology company by acquiring convertible note instruments. Longfin shares raced more than 15% higher soon after today's opening bell, reaching a session high of $ 48.80 a share, only to give almost all of those gains following its $ 9:59 a.m. ET ...
Consumer Sector Update for 01/11/2018: FNKO, TGT, POST, DAL, LULU, WMT

Consumer Sector Update for 01/11/2018: FNKO, TGT, POST, DAL, LULU, WMT

Finance
Shutterstock photoTop Consumer StocksWMT, +0.28%MCD, -0.32%DIS, +1.1%CVS, +1.85%KO, -0.29%Consumer stocks were ending the regular session broadly split between winners and losers, with shares of consumer staples companies in the S&P 500 ( XLP ) rising about 1.4% this afternoon while shares of consumer discretionary firms in the S&P 500 ( XLY ) were riding a 1.4% advance.In industry news:Walmart ( WMT ) traded higher for the first time in three days Thursday after the company said it was increasing its starting wage to $ 11 per hour as well as giving eligible employees a one-time, $ 1,000 bonus and extending its maternity leave.Also today, growth in global auto sales is expected to slow during 2018 from their record-breaking pace seen in 2017, according to a new IHS Markit foreca...
Investors are pouring money into cyber-security sector

Investors are pouring money into cyber-security sector

Finance
Data breaches such as Equifax's recent hacking scandal are a nightmare for hundreds of millions of consumers. They do, however, offer lucrative opportunities for niche investors and venture capitalists who are banking on the ability of new cybersecurity, artificial intelligence and data protection technologies to solve one of the world's largest evolving problems."Security is one of the best near- to mid-term market segments to be in," said venture capitalist Rick Grinnell, who began investing in early stage cybersecurity and artificial intelligence firms more than 15 years ago and now operates his own venture capital firm, Glasswing Ventures.Venture capital firms invested $ 3.1 billion in nearly 300 cybersecurity startups in 2016, according to research firm CB Insights. Top-funded, privat...
Drones, solar and apps: It's not your father's sector rotation anymore

Drones, solar and apps: It's not your father's sector rotation anymore

Finance
Many individual investors fail to manage their equity portfolios with an awareness of "sector rotation" — ups and downs in different sectors' performance, stemming from changing economic conditions and inevitable shifts in market favor.Historically, determining which sectors were likely to do well at a given time was basically a function of the economy. Different sectors tended to perform well at different points in the economic growth cycle, from recession to expansion and then back down again, affected variously by such factors as commodity prices, the broad state of corporate earnings, interest-rate shifts and consumer confidence.Some of this wisdom may still apply, but things are much different now, especially regarding consumer sectors. As relentless technological advances change cons
Texas energy sector okay after Harvey, Fed survey finds

Texas energy sector okay after Harvey, Fed survey finds

Business
Sept. 28 (UPI) -- Respondents to a survey from the Federal Reserve Bank of Dallas said Hurricane Harvey should have only a modest, but lingering, impact on the energy sector.Hurricane Harvey hit the southern coast of Texas and the largest density of refineries on the southern Gulf Coast in late August. By now, all of the refineries are back in service, though eight are still operating at reduced capacity. Around 15 percent of total U.S. refining capacity was impacted by the storm at the peak.About half of the respondents from 143 energy companies to a survey from the Dallas Fed said they expected minor impacts on their business activity from Harvey."Respondents reported widespread but generally limited impacts on their operations due to Hurricane Harvey, and most believe these effects will...