Tech stocks have faced significant challenges so far in the first half of 2022. Investors have moved away from many growth names in the sector. So far in 2022, a confluence of macroeconomic and geopolitical concerns have meant challenges for Wall Street. As T. Rowe Price (NASDAQ: TROW ) recently reported , “The Federal Reserve’s most aggressive rate hike since 1994 raised recession fears… The S&P 500 index recorded its worst weekly decline since March 2020 and entered a bear market, ending the week nearly 24% below its January peak.” In addition, the tech-heavy Nasdaq composite has fallen around 20% since the beginning of the year. 7 Retirement Stocks to Buy in Unexpected Sectors Despite the recent downturn, technology remains in integral part of modern life. If history is any guide, it is likely that the strong companies sector will rebound in the coming months. With that information, here are seven tech stocks to buy and hold in June. Ticker Company Current Price AKAM Akamai Technologies, Inc. $91.87 APP AppLovin Corporation $38.14 EA Electronic Arts Inc. $128.96 TREE LendingTree, Inc. $54.87 MPWR Monolithic Power Systems, Inc. $399.65 OPEN Opendoor Technologies Inc. $5,38 OTEX Open Text Corporation $38.40 Tech Stocks: Akamai Technologies (AKAM) Source: Ken Wolter / Shutterstock.com During the pandemic, the content delivery network specialist Akamai Technologies (NASDAQ: AKAM ) has been a darling on Wall Street during.
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The introduction of gamification will be one of the key trends in the E-learning market in GCC countries during 2021-2025 NEW YORK , June 7, 2022 /PRNewswire/ -- E-learning is a suitable alternative to conventional classroom training. E-learning programs for academics use electronic resources to impart skills and knowledge remotely to students in schools and institutes of higher education. In this report, Technavio defines 2020 as the base year and 2021-2025 as the forecast period. The size of the e-learning market in GCC countries is anticipated to grow by USD 569.04 million from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 10.66% during the forecast period. Our report describes in detail the various factors that are responsible for the market growth and the growth momentum. Find additional market insights by Technavio to help your organization foster innovation and make effective decisions. View our Exclusive Sample Report What are the Some of the Topics Covered in this Report?
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Synchrony Financial with ticker code (SYF) now have 18 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 65 and 22 calculating the mean target price we have 49.33. With the stocks previous close at 32.56 this would imply there is a potential upside of 51.5%. The 50 day moving average now sits at 36.6 and the 200 day moving average is 44.4. The company has a market cap of $16,278m. You can visit the company''s website by visiting: https://www.synchrony.com [stock_market_widget type="chart" template="basic" color="green" assets="SYF" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $24,662m based on the market concensus. Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans.
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Undervalued fintech stocks, which have struggled in recent months could rebound in the coming quarters as consumers continue to embrace the digital financial future. Affirm ( AFRM ): A recently announced partnership with Fiserv ( FISV ) should increase the company’s customer base. PayPal ( PYPL ): Its new credit card offering could help increase revenues from transaction fees. SoFi Technologies ( SOFI ): The acquisition of the cloud-based banking platform could increase efficiency and cut costs in the future. Source: Wright Studio / Shutterstock.com Undervalued fintech stocks, our topic for today, have struggled in the first half of 2022. Last year’s excitement over disruptive innovation in an established sector has waned in the face of tightening monetary policy. Despite recent setbacks, the fintech market is on an undeniable upward trajectory. Recent research highlights , “The market size stood at USD 112.5 Billion in the year 2021. The Global Fintech Market size is expected to reach USD 332.5 Billion by the year 2028, and is expected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.” But for now, interest rate hikes add to mounting inflation levels and fears of an impending recession, all of which have taken their toll on the fintech sector.
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The current scenario is likely to increase the credit risk, leading to an increase in the provisions of credit losses.
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Synchrony Financial (SYF) credit card metrics improved in April, as its delinquency rate and net charge-offs rate slips over the prior month, according to an 8-K filing…
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Synchrony Financial with ticker code (SYF) have now 18 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 65 and 38 calculating the mean target price we have 50.22. Given that the stocks previous close was at 33.03 this indicates there is a potential upside of 52.0%. The day 50 moving average is 36.84 while the 200 day moving average is 44.75. The market cap for the company is $16,825m. Find out more information at: https://www.synchrony.com [stock_market_widget type="chart" template="basic" color="green" assets="SYF" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $25,581m based on the market concensus. Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual cards, co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms.
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At the close on the New York Stock Exchange, the Dow Jones fell 0.33% to hit a 52-week low, the S&P 500 index fell 0.13%, and the NASDAQ Composite index rose 0.06%. The leading performer among the components of the Dow Jones index today was Home Depot Inc, which gained 6.73 points (2.38%) to close at 289.69. Quotes of 3M Company rose by 3.18 points (2.17%), closing the auction at 149.59. Merck & Company Inc. rose 1.64 points or 1.84% to close at 90.83. The losers were Boeing Co shares, which fell 6.25 points or 4.83% to end the session at 123.14. American Express Company was up 3.84% or 6.12 points to close at 153.27, while Apple Inc was down 2.69% or 3.94 points to close at 142. 56. Leading gainers among the S&P 500 index components in today''s trading were Tapestry Inc, which rose 15.50% to 30.63, DISH Network Corporation, which gained 14.60% to close at 20.01, and shares of Etsy Inc, which rose 12.92% to end the session at 87.86. The losers were shares of Synchrony Financial, which fell 6.51% to close at 33.03.
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Thursday’s additional top analyst upgrades and downgrades were on American Express, AppLovin, Beyond Meat, Ford, General Motors, Rivian Automotive, Synchrony Financial, Zoom Video Communications and more.
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