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Alibaba to benefit from Ant IPO and potential trading opportunities in Sembcorp Ind & Sembcorp Marine
By Dr Wealth  •  September 1, 2020
The stock market has been prospering but not every industry is booming. Covid-19 has given tech companies a boost. If you examined closely, tech stocks are the ones that have recovered and even prospered since the pandemic happened. It is easy to understand why – we have to distance ourselves physically. Hence, we turn to the use of technology to communicate. The rise in the share prices of tech stocks are backed by real increase in their revenue and profits. Whether investors are over extending their optimism is a question I ask myself too. On the other hand, you may conclude that the stock market is not doing well at all, if you look at the conventional industries such as oil & gas, finance and hospitality. Hence, we have to be mindful not to assume all stocks did well, just because the indices did well. It has been pretty divisive – tech vs the rest....
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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