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Friday, August 10, 2018

6 Reasons Why the Tech Bull Market May End

Key drivers of tech stock outperformance have peaked, RBC Capital Markets warns.
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6 Reasons Why the Tech Bull Market May End
Key drivers of tech stock outperformance have peaked, RBC Capital Markets warns.
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Morning Headlines
Microsoft Stock May Rise 10% on Strong Cloud Sales
Analysts are looking for Microsoft to rise even higher, by as much as 10% from the current stock price.
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Turkish Lira Crashes to Record Low on Worries Over Economy, U.S. Row
Turkey's lira plunged as much as 14 percent on Friday as worries about President Tayyip Erdogan's influence over monetary policy and worsening U.S. relations snowballed into a market panic that also hit shares of European banks.
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Tesla Shares Rise on Report Board Will Explore Musk's Proposal
The automaker's board will reportedly explore Elon Musk's proposal to take the company private and is expected to exclude the CEO from talks.
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Macy's Seen Rising 12% Despite Weak Profit Forecasts
Shares of Macy's Inc. are on the cusp of a significant breakout that may send the stock higher by 15%.
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Top S&P 500 Gainer & Loser
CTL
CenturyLink Inc
13.11%
PRGO
Perrigo Company PLC
-10.56%
As of last market close.
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