If you love tech stocks, this hasn’t been your year. But that doesn’t mean you shouldn’t be looking at the top tech stocks to buy for the fourth quarter. Yeah, the sector is taking a beating, and that’s best reflected in some of the major exchange traded funds that hold tech stocks. The Technology Select Sector SPDR Fund (NYSEARCA: XLK ) is down 28% so far this year. The Invesco QQQ ETF (NASDAQ: QQQ ) suffered a similar fate, down 29%. And the much-vaunted ARK Innovation ETF (NYSEARCA: ARKK ) dropped a whopping 57%. Much of the blame rests on the economy – inflation is at its highest since the 1980s and the Federal Reserve is doggedly raising interest rates in an effort to force prices down – even at the risk of running the economy into a recession. The sector recently had its worst two-week stretch since the beginning of the Covid-19 pandemic as the Fed hiked rates by another three-quarters of a percentage point. On top of that, tech companies that rely heavily on imports are being hurt by a stronger U.S. dollar because U.S. products are more expensive overseas.
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Another Switch competitor is entering the arena.
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Another Switch competitor is entering the arena.
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As the new school year starts, a fresh cohort of students will soon be hard at work finding ways to avoid writing papers and watching lectures they slept through, and just generally finding ways to waste the hours as effectively as possible. Fortunately the Switch is currently an absolute treasure trove of time sinks of […]
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As the new school year starts, a fresh cohort of students will soon be hard at work finding ways to avoid writing papers and watching lectures they slept through, and just generally finding ways to waste the hours as effectively as possible. Fortunately the Switch is currently an absolute treasure trove of time sinks of […]
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The company''s new electric vehicle company Switch Mobility, based out of the United Kingdom, would help fulfil the aspiration of zero carbon emission transportation, he said. "We see huge opportunities for growth through Switch''s expansion in UAE and the GCC and look forward to launch our electric vehicles in these markets soon," he said. Hinduja Group Flagship Company Ashok Leyland Bags Order to Supply 1,400 School Buses in the UAE.
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As they lagged expectations, tech stocks have been one of the biggest stories of the stock market for the last few months. But have you noticed that tech is starting to finally turn around? The Investo QQQ ETF (NASDAQ: QQQ ) which tracks tech stocks is down 19% so far in 2022, but it’s gained more than 16% over the last two months. The Technology Select Sector SPDR Fund (NYSEARCA: XLK ) dropped 13% since Jan. 1, but gained 16.6% in the last two months. Tech stocks have long been a reliable source of solid returns and can be great momentum plays in good times. Now that tech is threatening to return to its winning ways, this may be an outstanding time to pick up A-rated tech stocks for the long term. Here are seven for buy-and-hold investors. BCOR Blucora $23.11 EXLS ExlService Holdings $178.44 SWCH Switch $34.02 KBR KBR $52.49 PDFS PDF Solutions $27.28 QLYS Qualys $155.57 PSN Parsons Corporation $42.62 Blucora (BCOR) Source: Shutterstock Perhaps nothing creates more anxiety for the general population every quarter and every year like taxes.
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The increase in the defense budget and the strong trends across its end markets should benefit revenue growth.
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KBR, Inc. (NYSE: KBR ) has secured a $20 million contract from the United States Geological Survey (USGS) Albuquerque Seismological Laboratory (ASL) for sustained support of more than 330 operational or proposed stations in … Full story available on Benzinga.com
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KBR, Inc. (NYSE: KBR ) reported second-quarter revenue growth of 5.2% year-over-year to $1.62 billion, missing the consensus of $1.63 billion. Adjusted EPS was $0.76, beating the consensus of $0.65 The gross margin contracted by 104 bps to 12.4%. Adjusted EBITDA improved by 19.2% Y/Y to $186 million, and margin expanded by 135 bps to 11.5%. KBR’s adjusted operating … Full story available on Benzinga.com
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KBR, Inc. (NYSE:NYSE:KBR) Q2 2022 Earnings Conference Call August 02, 2022 08:30 A.M.
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Wall Street has had no shortage of gloomy headlines in recent weeks. And recently, JPMorgan Chase (NYSE: JPM ) CEO Jamie Dimon warned of an economic hurricane looming. In turn, he suggested investors should brace themselves even though things seem fine for the time being. Similar dire remarks came from John Waldron , President and COO of Goldman Sachs (NYSE: GS ), and Elon Musk , CEO of Tesla (NASDAQ: TSLA ), in early June. Additionally, the World Bank recently underscored the threat of high inflation and low growth — the so-called stagflation. “The war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation are hammering growth. For many countries, recession will be hard to avoid,” World Bank President David Malpass said. Meanwhile, U.S. inflation hitting a 40-year high has sent the stock market into a tailspin. According to the Bureau of Labor Statistics (BIS), inflation soared 8.6% in May from 8.3% a month before. Also, the S&P 500 index has lost around 8.8% since the start of June, pushing the losses to almost 21% year-to-date (YTD).
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