Did you know that the tech sector is projected to see a 15% annual earnings growth over the next two years?

This growth is driven by the rapid adoption of AI, which is expected to significantly boost business spending on advanced software and related technologies.

Here’s what we have in store for you today:

• Suddenly Tech Stocks Have Fallen Out Of Favor. Why They’ll Bounce Back Soon: First, despite a recent shift in investor preferences, the underlying conditions for continued gains in tech stocks remain strong 🚀

• Goldman Sachs Tops Earnings Expectations, Investment Banking Fees Rise 21%: Next, Goldman Sachs has exceeded earnings expectations, with a notable rise in investment banking fees 📊

• Trump Media And Technology Group Surges: Finally, following the recent assassination attempt, Trump Media and Technology Group has seen a significant surge in its stock price 📈

Stay tuned for these expert analyses and more, as we keep you updated on the stock market. Happy investing!

Suddenly Tech Stocks Have Fallen Out Of Favor. Why They’ll Bounce Back Soon 🚀

The meek shall inherit the earth, but the stock market is still ruled by the big and strong despite what looked like the start of a rotation last week.

Sure, the evidence of a shift in investor preference was strong.

The Dow Jones laggard was up 1.9% last week and traded at its first record high since May, while the S&P 500 was up 1.3%, and the Nasdaq , this year’s top performer, was up just 0.7%.

The real action, though, was in the equal-weighted S&P 500, which gives tiny stocks such as American Airlines the same weight as a behemoth like Apple.

That index has gained 4.3%, as economically sensitive retail, industrial, materials, and banking sectors surged higher after June’s weaker-than-expected consumer price index was released on Thursday.

That makes sense since markets are now anticipating that the Fed will cut interest rates in September ✂️

Active investors and those who root for the underdog cheered the rotation—how could you not, when about 80% of the S&P 500’s stocks have underperformed the index? The celebration, though, is likely to be short-lived.

The late-week action was likely due to a rebalancing by money managers who suddenly realized they owned too much tech and not enough of everything else.

But the conditions for continued gains in tech stocks remain in place ✔️

A slowing economy means there’s a limit to sales and profit growth for non-tech areas, while the S&P 500 tech sector is expected to grow earnings by 15% annually over the next two years, according to FactSet, as the adoption of artificial intelligence translates into more business spending on advanced software and more chips to support it.

Goldman Sachs Tops Earnings Expectations, Investment Banking Fees Rise 21% 📊

Goldman Sachs on Monday reported second-quarter profit that beat analysts’ expectations.

Investment banking fees rose 21% from a year ago to $1.73 billion as capital markets activity has started to return.

The bank reported quarterly net earnings of $3.04 billion, topping analysts’ estimates of $2.8 billion.

That amounted to per-share earnings of $8.62; analysts polled by FactSet had forecast $8.35.

Goldman reported $12.73 billion of revenue 💰

Analysts had expected $12.35 billion of revenue in the period.

Banks heavily exposed to capital markets services, like advising companies on mergers and initial public offerings, are enjoying a return of activity after a dull period for investment bankers.

Goldman has one of Wall Street’s biggest investment banks, and it’s key to its performance 🏆

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Trump Media And Technology Group Surges 📈

Trump Media and Technology Group rallied 48% following the assassination attempt on bets that Trump will win the presidency and on the notion that increased attention on Trump will drive demand for the platform.

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