early in the day. But the Big Tech names are the most anticipated because of their sheer size as part of an elite group of companies with a market cap of more than $1 trillion.
Niles said that with stocks heading higher into earnings, the action could be even more exaggerated if something goes wrong. But the big four could also add volatility on the upside. Profits for the five stocks were up 3.1% in the same period, versus a 9.2% decline for the S&P 500 companies. Golub said they have strong cash positions, and their higher margins give them better results in periods of market stress.
"If you have almost 20% of the market in four names that have been doing really well, and those four collectively miss by a chunk, we cannot afford to have the market question whether we can have these names continue," said Golub. "The fundamental story is so strong on these. I think they're perfectly fine. I don't think there's an issue."While the impact of the coronavirus has slammed earnings across the broader market, tech is not expected to see as big a dent.
These are some of the most successful companies in history And a big part of this election, since they have such huge reach
after market? I saw some saying Amazon would report at 12pm eastern
Where do you get 50 keys of mRNA four times year? Two hundred kilos of RNA !?
KennethHowardC3 Irrational exuberance
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »