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Tech Stocks In Sharp Decline From Competition

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Weak Amazon, Alphabet results ignite growth worries | Reuters

Shares of Amazon.com Inc dropped by the most in four years on Friday after its outlook for holiday season sales missed targets, fanning concerns that Wall Street's tech darlings are finally starting to face stronger competition.
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There were no ratings downgrades from the Wall Street analysts who have almost universally backed the companies' long-term prospects, but several said there were signs that both were beginning to face tougher competition from tech peers as well as the retail companies Amazon has bullied in recent years

Now the Seattle-based firm has devoured retail players like Borders, Sears and Toys 'R' Us, it was facing bigger challenges from multinationals who are investing hard to compete, D.A. Davidson & Co analyst Thomas Forte said.

"Google, Microsoft, and Walmart ... are more difficult to kill," he said.

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  1. Miron Oana

Last year, Goldman Sachs report told investors that the best sectors to invest in right now are tech stocks and financial. The same holds true in the fourth quarter of 2018. This year, the tech sector is one of the strongest sectors in the...

Last year, Goldman Sachs report told investors that the best sectors to invest in right now are tech stocks and financial. The same holds true in the fourth quarter of 2018. This year, the tech sector is one of the strongest sectors in the market, with hydrostatic test pump technology stocks gaining a cumulative 17.9% year-to-date. Technology is our favorite sector despite elevated multiples. Fundamentals remain strong given the group’s exposure to secular growth themes in subgroups such as internet and software-as-a-service.

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