undefined | Is it time to buy tech, again? A flurry of good news from Broadcom may hold the answer

Investors have been wondering whether the tech sector has finally hit bottom after a volatile stretch that began with a rally on the last trading day of March. The Nasdaq’s recent decline—fueled by worries that a sudden escalation of the Iran‑related conflict could push oil prices higher and raise broader market risk—has left many unsure if tech can once again lead the market. Yet the valuation picture has become markedly more attractive: analysts note that earnings revisions for tech have outpaced every other sector, creating a “record gap between performance and underlying earnings growth,” while hyperscale players are now priced on par with the average large‑cap despite a stronger growth outlook.

In that context, several Wall Street houses have moved to a more bullish stance. Goldman Sachs highlighted three drivers—hyperscaler overspending fears, AI‑driven enterprise‑software disruption, and a shift toward “heavy‑asset, low‑obsolescence” (HALO) stocks—that have left tech severely under‑performing relative to history, arguing that the sector’s valuations are now low and its earnings outlook solid. The Wells Fargo Investment Institute upgraded tech to “favorable,” citing secular AI tailwinds and defensive qualities that have helped information‑technology stocks beat the S&P 500 since the war began. UBS analysts added that the “tech+” cohort (including IT giants and adjacent names such as Amazon, Alphabet and Meta) is projected to grow revenue 23 % YoY in Q1 and earnings 30.4 %—far outpacing the broader market’s 5 % earnings growth.

A concrete catalyst arrived with Broadcom’s announcement of a long‑term partnership with Google’s Alphabet to supply future generations of custom TPUs and other data‑center components through 2031, plus an expanded AI‑compute deal with Anthropic. The news helped alleviate concerns sparked by a previous competitor collaboration between Nvidia and Marvell, and it underscored Broadcom’s resilience even amid broader market uncertainty. While Jim Cramer’s initial knee‑jerk reaction was to trim the stock, he ultimately held, urging investors not to sell. The combined effect of falling valuations, strong earnings revisions, and tangible partnership news suggests that tech may be “too cheap to ignore,” offering both a defensive hedge if geopolitical tensions persist and upside potential if the economy stabilises.

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#broadcom #goldmansachs #wellsfargo #ubs

Yahoo Finance | US banks set to deliver solid first quarter results amid macroeconomic uncertainty

Major US banks are poised to deliver solid first quarter results, though broader economic concerns may temper investor enthusiasm as earnings season begins, according to Bank of America analysts. The analysts expect broadly in-line to slightly better results across eight large institutions: JPMorgan Chase, Wells Fargo, Citigroup, Goldman Sachs, Morgan Stanley, BNY Mellon, State Street and Northern Trust. Performance is being driven by elevated trading activity and a rebound in investment banking, alongside a more favorable interest rate backdrop and continued growth in commercial lending.

Deposit costs have remained relatively contained, helping support net interest income, while credit quality has so far held up despite ongoing scrutiny of private credit markets. However, the bank’s analysts highlighted that strong quarterly results may not translate into improved sentiment. “Results alone may not be enough to turn around worsening investor sentiment, informed by private credit headlines, software disruption, and rising stagflation risks,” they wrote. Bank of America sees the current environment as one where earnings resilience is intact, but confidence is fragile.

While there is still a credible path to avoiding a recession, uncertainty around inflation and growth is likely to keep management teams cautious. As a result, banks are not expected to significantly revise full-year guidance at this stage. Valuations across the sector are seen as reasonable relative to earnings growth expectations, with the analysts suggesting that a more pronounced deterioration in the economic outlook, or a market shock, would be needed to drive meaningful underperformance in bank stocks. Citigroup Inc (NYSE:C) is highlighted as offering the most attractive risk-reward profile, while Morgan Stanley (NYSE:MS) is modestly preferred over Goldman Sachs. Among custody banks, Bank of New York Mellon Corp (NYSE:BK) is the top pick, and State Street Corp (NYSE:STT) has been upgraded to a more neutral stance.

Read more: https://finance.yahoo.com/markets/stocks/articles/us-banks-set-deliver-solid-171000002.html

#usbanks #bankofamerica #jpmorganchase #wellsfargo #citigroup

Wells Fargo study says Gen Z relies on parents for money while turning to AI for financial advice

https://fed.brid.gy/r/https://nerds.xyz/2026/03/gen-z-parents-ai-finance/

Many bankers cry, as the prophecy comes true, and money lenders are thrown out for desecrating the House of God.

Here is my real-life account of how Wells Fargo would not return me my own money, and made me sleep on the cold concrete over Christmas 2023.

https://whistleblower.lovestoblog.com

Yep. They still have not given me my money.

#MakeABankerCryAnything #HashTagGames #WellsFargo