We’re making several more trims, targeting tech and an economically sensitive automaker due to our concerns about an aggressively hawkish Fed.
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We’re trimming tech stocks and an automaker because it never pays to fight the Fed
Technology
Jim Cramer says he’s not willing to bet against ServiceNow after an analyst sell call
CNBC’s Jim Cramer says KeyBanc’s sell call on ServiceNow stock is a “radical move.” KeyBanc analyst Jackson Ader downgraded ServiceNow to an underweight sell from a hold-equivalent sector weight. Ader established a $775 price target, which was right around where shares were trading Monday after dropping more than 11%. “This is one of the most […]
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Technology
Zillow shares are getting crushed. Here’s why
The stock market graphic of Zillow Group is displayed on a smartphone with the logo of Zillow in the background on Feb. 21, 2021. Sopa Images | Lightrocket | Getty Images Zillow shares plunged more than 9% on Monday on worries that the online real estate platform could have a big new competitor: Google Search. […]
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Technology
Trump admin to hire 1,000 specialists for ‘Tech Force’ to build AI, finance projects
The Trump administration on Monday unveiled a new initiative dubbed the “U.S. Tech Force,” comprising about 1,000 engineers and other specialists who will work on artificial intelligence infrastructure and other technology projects throughout the federal government. Participants will commit to a two-year employment program working with teams that report directly to agency leaders in “collaboration […]
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