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Tech Stocks Drop As 10-Year Yield Surges Above 1.6%

While stocks were up at the open, the major indexes fell early in the trading day as the U.S. 10-year Treasury yield popped above 1.6% to hit a 2021 high. As rates moved higher, high flying tech stocks slid lower with Tesla dropping more than 10%, and Peloton shares sinking more than 9%. “Tech has basically been the leading sector for a decade,” said...

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United Natural Foods Inc (NYSE: UNFI): Unified Natural Foods shares are up more than 7% over the last two days following the company’s announcement that it has extended its primary wholesale grocery distribution relationship with Whole Foods Market through September 27, 2027. “Since the onset of the COVID-19 pandemic, UNFI and Whole Foods have worked closely together to consist...

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QCOM is down -24% since the beginning of February – does that make it a bargain or a big risk?

One of the areas that I think will offer the best opportunities in the next several years is in the telecommunications industry. That’s the long-anticipated, and still emerging buildout of 5G infrastructure, which not only enables greater web-enabled functionality for consumers, but is also going to be the the core infrastructure linchpin for Internet of Things (IoT) devices and communications in virtually every other sector of the economy. Qualcomm Inc. (Read More

CNX Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas properties primarily in the Appalachian Basin. It operates through two segments, Shale and Coalbed Methane. The company produces and sells pipeline quality natural gas primarily to gas wholesalers. This division owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio from approximately 524,000 net Marcellus Shale acres; and 610,000 net acres of ...

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Investing is Inherently Risky - There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. You may lose all of your money trading and investing. Do NOT enter any trade without fully understanding the worst-case scenarios of that trade. And do NOT trade with money you cannot afford to lose. Past performance of an investment is not necessarily indicative of its future results. No assurance can be given that any implied recommendation will be profitable or will not be subject to losses.

                  

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