"With the markets taking investors on a roller coaster ride of late, three technology stocks are on the downward slope today, including Vistra ( NYSE: VST), AppLovin ( Nasdaq: APP) and Oracle ( NYSE: ORCL). The markets have been processing strong fundamental tailwinds against worrisome economic headwinds that throw the fate of short-term interest rates into the balance. While there's no single negative catalyst for their declines, other than some hedge fund selling,"
"Nuclear stocks have had the wind at their backs with some regulatory tailwinds of late, but investors must be willing to take a long-term horizon. Famous investors have been selling: According to SEC filings, David Tepper, founder of Appaloosa Management, has recently reduced his exposure to VST stock, while Peter Thiel's investment fund has fled its position in this power stock entirely."
Three technology stocks — Vistra, AppLovin, and Oracle — are falling even as the broader market advances, reflecting investor rotation and hedge-fund selling. Markets combine strong fundamental tailwinds with economic headwinds that leave short-term interest rates uncertain. Vistra slipped about 3% below $170 despite a 22.5% year-to-date gain, amid notable investor reductions from David Tepper and Peter Thiel even as analysts maintain a buy rating and share buybacks continue. AppLovin dipped under $500 after earlier rallying 59% YTD following a strong Q3 earnings print and inclusion in the S&P 500. Oracle also trades lower alongside these names.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]