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A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the near future.

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Spirit Airlines Inc (Symbol: SAVE), where a total of 62,351 contracts have traded so far, representing approximately 6.2 million underlying shares. That amounts to abou

Wall Street tumbled in a broad sell-off on Tuesday after hotter-than-expected inflation data dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the near future.

What happened If there is a single watchword that defines 2022, it would be inflation. Consumers and investors alike have been looking for signs that rising prices will eventually ease.

U.S. stocks slumped on Tuesday, with technology shares taking the biggest hit, after data showed monthly consumer prices unexpectedly rose in August, cementing bets of a third straight 75-basis-point rate hike from the Federal Reserve next week.

Apple’s AAPL shares increased 3.85% to close at $163.43 on Sep 12, following strong pre-order data for its latest iPhone 14 devices, particularly the iPhone Pro Max. Per Bloomberg data, this was Apple’s biggest one-day gain since May 27.Apple unveiled four new iPhone mode

It's been over a decade since Apple (NASDAQ: AAPL) ran its "Get a Mac" campaign, a series of TV ads featuring a casually dressed man named Mac and a formally dressed man in a suit and tie representing a Microsoft (NASDAQ: MSFT) personal computer (PC). The ads ran from 2006 to 200

U.S. stock indexes fell sharply on Tuesday, snapping a four-day winning streak, after data showed monthly U.S. consumer prices unexpectedly rose in August, cementing bets of a third straight 75-basis-point rate hike from the Federal Reserve next week.

There's no doubt about it -- Apple (NASDAQ: AAPL) is one incredible company. Since going public in 1980, the stock has gone up more than 120,000%, excluding dividends. While past markets don't predict the future, the famed iPhone maker appears well positioned for success in the y

Shares of Apple Inc. AAPL gained 3.9% in the broader tech rally, days after announcing updates to its iPhone and Apple Watch product linesShares of Bristol-Myers Squibb Company BMY rose 3.1% as the Food and Drug Administration approved its psoriasis drug.Twitter, Inc.’s T

Wall Street's main indexes were set to open sharply lower on Tuesday after data showed monthly U.S. consumer prices unexpectedly rose in August, cementing bets of a third straight 75-basis-point rate hike from the Federal Reserve next week.

U.S. stock index futures fell sharply on Tuesday after data showed a faster-than-expected rise in August consumer prices, cementing bets of a third straight 75-basis-point rate hike from the Federal Reserve next week.

Apple (NASDAQ: AAPL) is one of the most well-known businesses in the world. Understandably, investors want to know if the stock is a buy right now. The video below answers that question using my six-step framework for analysis.

The stock market is a time-tested path to achieving financial independence, but new investors often have no idea where to start. There are thousands of publicly-traded companies and countless variables to consider, which makes it easy to get overwhelmed. Fortunately, there are le

The iShares S&P 100 ETF (OEF) was launched on 10/23/2000, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.

Taiwan's GlobalWafers Co Ltd expects to start construction in November of its new $5 billion plant in Texas, the company's chairwoman and CEO said on Tuesday.

Shares of Apple (NASDAQ: AAPL) rose sharply on Monday as two analysts said they believed pre-orders for the newest iPhone models were looking good. Some investors may have worried that the new iPhone models, without any major changes to their form factors, would fail to provide s

A group of 13 companies urged the U.S. Congress on Tuesday to approve a bill that would rein in giant tech companies like Alphabet's Google and Meta's Facebook.

Tech stocks have been on a roller-coaster ride this year. The first half of the year saw major sell-offs, with recovery seen only in the beginning of the second half. However, the stocks are again on a downward spiral due to concerns over another round of interest rate hikes by the Fed later this month. Given the current scenario, we will take a look at three tech stocks, Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), and Meta Platforms (NASDAQ:META), and understand Wall Street's take on them.

Now, with the help of the TipRanks Stock Comparison tool, let's determine which stock could be a better buy for your investment portfolio.

Microsoft Corp. (MSFT)

Microsoft is a technology company, which offers a wide range of software, services, solutions, and devices like personal computers, tablets, and gaming consoles to its users. MSFT stock has lost over 20% so far this year.

According to UBS analyst Sundeep Gantori, “AI, big data and cybersecurity are at an inflection point that should see faster adoptions in the next few years.”

He believes that demand will remain robust on the back of strong momentum in the automation, analytics, and security space.

What Is the Future of MSFT Stock?

Analysts are unanimously optimistic about Microsoft’s prospects. The stock commands a Strong Buy consensus rating based on 28 Buys and two Holds. Also, MSFT’s average price forecast of $327.41 suggests 23.2% upside potential.

Gantori highlights that Microsoft’s “valuation is still attractive compared to its large-cap peers on a free-cash-flow basis.”

Further, hedge funds seem to be very positive about the prospects of MSFT stock and have collectively increased their holdings in the company by 12.7 million shares in the last quarter.

Apple, Inc. (APPL)

Apple designs, manufactures, and sells smartphones, personal computers, tablets, wearables, and accessories. It also offers a range of related services. Its products include iPhone, Mac, iPad, Apple TV, Apple Watch, Beats products, HomePod and AirPods.

Apple stock has been more resilient compared to its tech peers, gaining about 8% over the past six months. However, the stock is down more than 5% over the last 30 days.

Last week, Apple launched new versions of its iPhone, Apple Watch, and AirPods Pro. Despite inflation and an uncertain macro backdrop, demand for its products, especially the new iPhone 14, looks robust.

Are Apple Shares a Good Buy?

Turning to Wall Street, the analyst consensus is also optimistic about Apple stock, with a Strong Buy rating based on 23 Buys, four Holds, and 1 Sell. Apple’s average price target of $183.56 indicates upside potential of 12.6%.

Wamsi Mohan from Bank of America Securities highlights that the preliminary iPhone pre-order data looks positive for Apple.

Further, Apple boasts a “Perfect 10” Smart Score on TipRanks, implying that the stock has a solid potential to outperform the market.

Meta Platforms (META)

Formerly known as Facebook, Meta Platforms is an American multinational technology company headquartered in California. The company’s product portfolio includes Facebook, Instagram, WhatsApp, and other products and services.

Meta stock has lost half of its market capitalization over the past year. It is trading near its 52-week lows at $169.

Trading at 14x P/E, the valuations look very compelling compared to its own five-year historical average of 25x. Furthermore, it is relatively cheaper than its tech peers that are trading at P/E multiples of over 25x.

Is META Stock Expected to Go Up?

Analysts on TipRanks are cautious but optimistic about the prospects of META, giving it a Moderate Buy consensus rating, which is based on 27 Buys, five Holds, and two Sells. Meta Platforms’s average price prediction of $223.70 implies 32.4% upside potential.

Markedly, making the most of the cheap valuation of Meta Platforms, hedge fund managers are buying its stock.

TipRanks’ Hedge Fund Trading Activity tool shows that the confidence in META is currently Very Positive, as some of the top hedge funds that were active in the last quarter increased their cumulative holdings by 4.5 million shares.

Bottom Line

The current sell-off in the tech space has led to an erosion in the market capitalization of many big tech players. As a result, the current price levels present a good investment opportunity for investors to take positions in big tech names like Microsoft, Apple, and Meta Platforms.

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Taiwan's GlobalWafers Co Ltd expects to start construction in November of its new $5 billion plant in Texas, the company's chairwoman and CEO said on Tuesday.