NEWS： Technology stocks are once again the darlings of Wall Street Trading
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US technology stocks regained the crown of the most profitable trading in the stock market this week, and the four "FANG" stocks are once again in full swing. Last December, these four booming stocks were wildly dumped because of fears that the 10-year bull market is about to ebb.
San Francisco's Unicorn startup is reluctant to miss out on this new wave of technology stocks. Uber plans to launch its long-awaited initial public offering in April, Reuters reported on Thursday.
Not long ago, Lyft (LYFT.O), a smaller competitor than Ubuntu, filed an IPO application in early March, seizing the opportunity for technology stocks to perform steadily in the past two months. The Nasdaq index. IXIC is stepping out of its worst quarter since 2008 and is expected to pick up its best performance since 2012.
"Hedge funds were forced to do a lot of de-risk operations in December," said Joel Kulina, a trader specializing in technology stocks at Wedbush Securities. "Now many people are afraid of missing out." This constitutes a common trading motive for American investors in recent years.
Netflix has risen 34% this year, despite disappointing fourth-quarter revenue and growing competition from rivals such as Walt Disney (DIS.N) and Apple (AAPL.O).
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