| Stocks are hovering around record highs amid strong second-quarter earnings results, but Citi believes the market is vulnerable to a 10% correction, thanks to novice investors piling into speculative technology names.
"Too many inexperienced investors are plowing into technology ideas that seem overvalued at 20x revenues, complaining that the often older investment community does not understand the disruption taking place and are too handicapped by traditional metrics," the firm wrote in a note to clients.
Get Citi's full outlook of the stock market with a membership to CNBC Pro.
Become a member and get access to these the top articles by Pro. These articles are only available with a Pro subscription.
Goldman Sachs picks new stocks to buy from tech to health — some with over 100% upside
MON, AUGUST 02 2021
20 strategists predict when stocks will have the next big tumble — and how far they'll fall
TUE, AUGUST 03 2021  Why join CNBC Pro? CNBC Pro gives you premium access to money-making ideas including daily stock recommendations, exclusive content including stock picks from leading professionals, and all-access to market analysis by Michael Santoli. Pro members get more with a watchlist When you become a CNBC Pro subscriber, you can create and keep track of multiple portfolios throughout the day by creating and managing your Watchlist on CNBC.com or by using the lower navigation bar in the app.
You can also add any ticker to your watchlist from any quote page by clicking "+Watchlist" at the top of the page.  Pro enhances the CNBC app  
| ||||||||||||||||||||||||||||||||||
Langganan:
Posting Komentar (Atom)
EmoticonEmoticon