Stewart Information Services Corp
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Financials : Insurance | Small Cap Value
Company profile

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate. Title insurance and related services (title) segment provides services needed to transfer title to property in a real estate transaction and includes services, such as searching, examining, closing and insuring the condition of the title to the property. The ancillary services and corporate segment provides appraisal and valuation services, document management, recording and call center-related services offered to mortgage lenders and servicers, mortgage brokers and mortgage investors. Its primary international operations are located in Canada, the United Kingdom, Australia and Central Europe.

Price
Delayed
$42.69
Day's Change
-3.10 (-6.76%)
Bid
--
Ask
--
B/A Size
--
Day's High
47.51
Day's Low
42.39
Volume
(Heavy Day)

Today's volume of 244,306 shares is on pace to be much greater than STC's 10-day average volume of 201,975 shares.

244,306

With a potential selloff looming, investors need to rethink their approach when it comes to Big Tech, Barclays strategist warns

2:56 pm ET October 7, 2020 (MarketWatch)
Print

Shawn Langlois

Don't let your portfolio get sucked into that ever smaller batch of recent winners, analyst warns

That's Barclays Wealth Chief Investment Officer, Will Hobbs, warning in an interview on CNBC (https://www.cnbc.com/2020/10/07/barclays-wealth-manager-spots-a-worrying-trend-for-big-tech.html) of a potential sell-off in big technology company stocks such as Amazon (AMZN) , Apple (AAPL) , Alphabet (GOOGL) , Netflix (NFLX) , Tesla (TSLA) , etc., in the face of rising interest rates.

"One of the theories around the current context for markets is that a lot of it is quite dependent on ever-lower real interest rates, because if you think about the valuation of some of these tech titans, think about the shape of their cash flows, they're sort of like long-duration bonds," Hobbs said.

He explained that these big tech winners have been the beneficiary of falling interest rates for years, but he warned it won't last forever, particularly in light of the world's unprecedented policy environment.

"The industry has long been obsessed, and investors are understandably obsessed with the idea that you can protect downside and capture equity upside," Hobbs said. "That is like the Holy Grail of investing."

He added that a shake-up is in order for investors leaning too heavily on the tech companies driving the bull market. "You have to own some losers as well, because you have to plan for a future that isn't just a continuation of the recent past, as so often isn't the case," Hobbs said.

His comments were published in the wake of a U.S. House subcommittee report (https://www.marketwatch.com/story/congress-should-consider-breaking-up-big-tech-and-limiting-acquisitions-11602015983), which concluded that Big Tech poses a grave threat to markets that might require breaking up the most prominent U.S. companies.

As for Wednesday's bounceback trading session, no signs of a selloff just yet, with the Dow Jones Industrial Average , tech-heavy Nasdaq Composite and S&P 500 all logging strong gains.

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 07, 2020 14:56 ET (18:56 GMT)

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