Share performance in April 21

April was the month when Big Tech announced its Q1 results. As you will see, it really was a ‘Bumper Quarter’ which saw the NASDAQ surge by 5.6% (up 8.8% YTD).

The FTSE100 couldn’t quite keep up the pace this month. But a rise of 3.8% (+7.9% YTD) was pretty respectable in anyone’s books.

The FTSE Telecomm Index rose by 4.3% (an even higher +15.2% YTD). Mainly on the back of BT which rose 6.5% (+24.7% YTD).

The FTSE SCS Index – which monitors the UK quoted software & IT services stocks that we follow – was up an impressive 6.5% (+11.2% YTD)

Big Tech has had a ‘Blow out quarter’.

Outlook?

Actually I am more optimistic than I have been in years. The UK (and US) vaccine rollout is going great guns pointing to these economies opening up pretty soon. Indeed everyone I talk to reports staff shortages. If that boosts wages – particularly at the lower end – that will be ‘good’. But maybe that will lead to inflation which would make many tech stocks less attractive.

But, for now, let’s just enjoy a moment of optimism.

All the detail and comment in our Review of Share Performance in Apr 21 on HotViews Extra available to all subscribers including HotViews Premium. Why not join them for just £395pa. For more details CLICK HERE

Posted by Richard Holway at '17:20'