7 years ago070
Global fund managers cut U.S. stock market allocation to a more than 9-year low.
The managers see Nasdaq as the most crowded trade in the world.
Tech has been the largest overweight 80 percent of the time since 2008, but the managers reduced it to second largest in June.
Fund managers see Nasdaq stocks as the most crowded...
7 years ago090
Stifel's Scott Devitt says some worries surrounding Snap could be overblown.
Stifel is now one of the minority of Wall Street firms with a positive outlook on Snap.
Stifel upgraded Snpachat-parent Snap shares to buy from hold on Thursday a day after the stock hit a new low since its March IPO.
Analyst Scott Devitt said in...