Investors looking for Big Tech exposure in this environment may want to avoid buying “FAANG” and focus on another stock group instead, Jefferies said.
Source
Own the ‘MANG’ stock portfolio instead of ‘FAANG’ in these conditions, Jefferies says
World
European markets head for lackluster open as investors take a breath
A broker is pictured at the stock exchange in Frankfurt, Germany, on May 6, 2025. Daniel Roland | Afp | Getty Images LONDON — European markets are expected to see a lackluster mixed open on Thursday as investors take stock of the regional and global economic outlook. The U.K.’s FTSE index is seen opening a […]
Read More
World
China industrial profits drop 5.5% in October, worst performance in five months
QINGDAO, CHINA – FEBRUARY 05 2025: Workers assemble cars at a car plant of SAIC-GM-Wuling in Qingdao city in east China’s Shandong province Wednesday, Feb. 05, 2025. ZHANG JINGANG | Future Publishing | Getty Images Profits at industrial firms in China declined in October, the National Bureau of Statistics said on Thursday, as manufacturers navigated […]
Read More
World
Asia-Pacific markets track Wall Street gains as tech extends rebound
The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty Images Asia-Pacific markets advanced Thursday after Wall Street gained overnight as Fed rate-cut hopes rose and tech stocks rebounded. Japan’s benchmark Nikkei 225 index rose 1.42%, led by tech stocks, while the Topix index added 0.64%. Among the […]
Read More