Loading...
Loading...
Investors appear to have fled to Internet stocks for safety following the Brexit vote, which introduced a lot of volatility and uncertainty in the market.
According to Youssef Squali of Cantor Fitzgerald, Internet stocks proved to be "resilient" after a week of "price gyrations." The sector ended up 0.9 percent on the week post-Brexit and 3.4 percent higher year-to-date.
Squali noted that Internet stocks were also boosted from several positive data points.
4 Points
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorNewsAnalyst RatingsMoversTechTrading IdeasBrexitCantor FitzgerladInstagramInternet StockspinterestSnapChatsocial mediaYoussef Squali
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in