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  • stocks barely budged on Wall Street ending Friday.

  • Mixed.

  • The great rotation advanced as investors bet on an economic recovery.

  • They sold tech shares that have rallied throughout the health crisis like Facebook and Netflix, and bought Deere, Caterpillar and other economically sensitive cyclical stocks.

  • Marc Etienne Asset Management President Ken Cayman says investors should take some profit on tech stocks and invest MAWR in value and cyclical stocks.

  • It's not that way are abandoning growth, are suggesting people shouldn't.

  • But I think it's time to pair that out.

  • I mean, the markets just doing so well and a lot of these growth stocks are priced form or than perfection.

  • The Dow and NASDAQ finished flat, while the S and P 500 slipped 2/10 percent for the week.

  • On Lee, the Dow managed to eke out a game among the top movers on the NASDAQ and S and P Friday Applied Materials, rising 5%.

  • The chip equipment maker forecast second quarter revenue that topped expectations.

  • Ah global shortage of semiconductors has spurred demand for its manufacturing tools.

  • Shares of deer jumped nearly 10%.

  • The world's largest maker of farm equipment upgraded its earnings forecast after quarterly profit more than doubled, higher commodity prices and rising exports have boosted demand for its machines.

  • Bank of America said Friday it expects stocks to pull back more than 10%.

  • Equities are trading at the most expensive prices since the dot com bubble off the 19 nineties.

stocks barely budged on Wall Street ending Friday.

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B1 cyclical nasdaq dow friday forecast wall street

Wall Street ends little changed

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    林宜悉 posted on 2021/02/20
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