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Technology has driven this year’s stock market rally to all-time highs. Now, Wells Fargo thinks investors may want to take the chips off the table. Strategist Douglas Bies downgraded the sector to neutral, citing very high valuations. Technology as a whole trades at a price-to-earnings ratio of more than 46 times, according to FactSet. This is a significant premium compared to the S&P 500 index’s 29.4 times. “Valuations have soared, and we are wary that overly bullish sentiment and heightened expectations for the group could leave the sector vulnerable to near-term disappointment,” Bies said in a letter to clients. “While…
Dozens of Israeli settlers launched an arson attack on agricultural areas in the occupied West Bank on Tuesday night, the latest such attack in a surge in settler violence, according to Palestinian activists in the region. The attack occurred in the town of Beit Lid, east of Turkham, and was shown on video, residents told CNN, damaging the village of Deir Sharaf Bedouin and the al-Juneidi dairy factory. Footage obtained by CNN shows men with fire extinguishers and water buckets rushing to put out the fire, with smoke billowing in the area and a Palestinian woman’s screams heard in the…
Britney Spears and Kevin Federline’s first relationshipKevin said that although he briefly met Britney when she was a backup dancer for LFO’s tour opener, he never really got to know her until April 2004, when they ran into each other at Hollywood nightclub Joseph’s during a night out with mutual friends. “We talked for a little while and then went to the dance floor,” Kevin recalled. “I didn’t do anything too wild, just kind of goofed around and went back and forth. Honestly, at the time, in my 25-year-old mind, all I wanted to do was beat it.” The two…
Dozens of athletes have joined rights groups to demand that European Football Association (UEFA) suspend Israel for violating the rights of Palestinians.Athletes for Peace, a group of more than 70 sports experts, called on the governing body to sever ties with the Israel Football Association (IFA) in a letter delivered to UEFA President Alexander Ceferin late on Wednesday.Recommended stories list of 3 itemsend of list”Regimes that commit genocide, apartheid, and other crimes against humanity should not be welcome in any shared forum, stage, or arena of international civil society,” the letter said.”Israel’s continued impunity for such crimes will only end…
A potential spinoff of its defense technology business could cause Viasat’s stock price to soar, which is increasingly likely, JPMorgan said. The investment bank upgraded the stock from neutral to overweight. The company also raised its price target for Viasat from $23 to $50, suggesting 35% upside potential. “We see an increasing likelihood of decoupling of the defense and advanced technology (DAT) sector, including the potential separation of government and commercial operations and the collapse of existing debt silos,” analyst Sebastiano Petti said in a note to clients on Tuesday. VSAT YTD Mt. Viasat Year-to-date According to Viasat’s latest earnings…
The U.S. Capitol building pictured at the Capitol in Washington, D.C., the morning after the Senate passed legislation reopening the federal government on November 11, 2025.Win McNamee | Getty ImagesThe Senate Agriculture Committee has released a draft version of its long-awaited digital asset market structure bill. This is an important step towards accelerating institutional and retail adoption of cryptocurrencies. The bipartisan discussion draft released Monday by Agriculture Chairman John Boozman (R-Ark.) and Sen. Cory Booker (D.N.J.) lays the groundwork for building guardrails for the U.S. cryptocurrency industry, while also establishing guidelines for institutions wishing to handle digital assets, from Bitcoin…
META fell 9% despite the earnings beat due to a one-time tax charge of $15.93 billion mentioned in the Oct. 29 earnings call. This happened even after beating revenue and EPS estimates. Since then, META has fallen an astonishing 20% and is finally showing signs of finding a bottom. Moments like this, where a great company with solid earnings loses a significant amount of market capitalization due to an extreme sudden reaction, creates amazing trading opportunities. This is the basis for traders like me who bet on mean reversion setups. When analyzing such a setup, we utilize a specific technical…
Dozens of British MPs have called for the release of 15 penguins “trapped” in the basement of a London aquarium without sunlight or fresh air, saying their living conditions are “completely unacceptable”. The 15 gentoo penguins are housed in an enclosure at Sea Life London Aquarium next to the River Thames, a short distance from the Houses of Parliament. The aquarium, owned by Merlin Entertainment, first opened its penguin exhibit in May 2011, according to Britain’s PA Media news agency. Activists say the penguins are “small colonies in small enclosures that do not meet their physical and social needs and…
Law & Order: SVU’s Christopher Meloni addresses his ‘love’ comment in season 27 premiereBenson and Stabler’s ending doesn’t have to be especially heinous. Indeed, when the time comes, Christoper Meloni, who plays Det. Elliot Stabler, who plays opposite Mariska Hargitay’s Captain Olivia Benson in the Law & Order series, is hoping for a special ending for his former SVU partners. “There’s some closure for Benson and Stabler,” Christopher told People magazine in an interview published on November 8. “I think both Stabler and Benson’s characters should ride into the sunset,” he said. Fans first learned about Benson and Stabler when…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — One of the hidden cheat codes in stock investing is to find the most powerful generational tailwinds and capitalize on them. This means thinking about what people and businesses spend their capital on, pretty much regardless of what happens to the circular economy story. We previously discussed some of these secular tailwinds when writing about CrowdStrike (CRWD) and a number of other cybersecurity stocks. Cybersecurity is essential for businesses, governments, and other organizations. This is not…