“Tech is more of a safe haven than your traditional cyclical sectors, and it has already gone through a re-pricing, which means it looks attractive relative to the rest of the market,” said Sam Stovall, chief investment strategist at CFRA.
Zaggle plummets to 52-week low after disappointing Q1 results
After a disappointing quarterly performance, Zaggle Prepaid Ocean Services saw its stock reach a 52-week low. Despite an increase in revenue, profits dwindled, affecting how