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Now might be time to check back into tech stocks
By John Waggoner, USA TODAYBack in 1999, money managers trumpeted technology stocks, arguing that soon there would be microchips in everything from credit cards to Toyota accelerators, and they were right. Unfortunately, they were also about 10 years too early. But today, tech companies are booming, despite a lousy economy and falling prices. It’s not a bad time to take another look at the tech sector, provided you have an exit plan in place.
Now might be time to check back into tech stocks
By John Waggoner, USA TODAYBack in 1999, money managers trumpeted technology stocks, arguing that soon there would be microchips in everything from credit cards to Toyota accelerators, and they were right. Unfortunately, they were also about 10 years too early. But today, tech companies are booming, despite a lousy economy and falling prices. It’s not a bad time to take another look at the tech sector, provided you have an exit plan in place.
China’s AgBank might raise $22 billion in record IPO
By Elaine Kurtenbach, AP Business WriterSHANGHAI — Agricultural Bank of China’s $22 billion initial public offering is making headlines as potentially the world’s biggest. It is also underlining the cash squeeze Chinese banks are facing after a massive lending binge.
Original forecasts had put potential proceeds from the offering at a whopping $30 billion, much more than what the bank, also known as ABC, will actually take in. But the lender › Continue reading
Other recalls show drop in Toyota shares might not last
By Matt Krantz, USA TODAYToyota investors who used to agree with the automaker’s “Oh, what a feeling” advertisements might now be thinking, “Ouch, what a mess.”
Shares of Toyota (TM) fell 8% to $79.77 Wednesday in New York trading on concern about how much the automaker’s recall and sales halt could cost the company.
The initial panic follows the pattern of stocks involved in other major recalls, as traders often assume the worst at › Continue reading