Finance
Tech stocks diverging in 2018: BofAML trade idea
-
US and Chinese tech giants are a lot more divorced from
each other this year than they were in 2017, Bank of America
Merrill Lynch derivatives analysts have observed. -
They recommend a trade that could profit from the split
between the FAANG + BAT stocks.
The biggest US and Chinese tech stocks meld together into a
convenient acronym: FAANG + BAT.
But their fortunes are anything but similar right now.
Facebook, Amazon, Apple, Netflix, the Google parent Alphabet,
Baidu, Alibaba, and Tencent are trading this year in ways
representing a sharp turn from their harmony in 2017, Bank of
America Merrill Lynch has observed.
“A profound shift appears to be underway towards more divergent
returns on an individual basis,” a team of derivatives analysts
led by Stefano Pascale said in a client note on Tuesday. …
Sponsored:
If you enjoyed reading this story so
far, why don’t you join Business Insider
PRIME? Business Insider provides visitors from MSN with a
special offer.
Simply
click here to claim your deal and get access to all exclusive
Business Insider PRIME benefits.
-
Business7 days ago
Mood.camera is an iOS app that feels like using a retro analog camera
-
Business6 days ago
UnitedHealth says Change hackers stole health data on ‘substantial proportion of people in America’
-
Business5 days ago
Tesla’s new growth plan is centered around mysterious cheaper models
-
Business4 days ago
Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs
-
Business5 days ago
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic, and Inflection
-
Entertainment3 days ago
Summer Movie Preview: From ‘Alien’ and ‘Furiosa’ to ‘Deadpool and Wolverine’
-
Entertainment7 days ago
Furious Watcher fans are blasting it as ‘greedy’ over paid subscription service
-
Business6 days ago
Two widow founders launch DayNew, a social platform for people dealing with grief and trauma