Investors eye Big Tech earnings in 'data-intensive' week

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 74 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 57%
  • Publisher: 63%

David Smith News

Earnings This Week,Earnings Reports,Big Tech

Wall Street is closely watching Big Tech earnings this week, with giants like Microsoft (MSFT), Meta (META), Apple (AAPL), and Amazon (AMZN) set to report...

) set to report their quarterly results. Rockland Trust chief investment officer David Smith joins Catalysts to share his outlook on tech stocks.

The so called mag seven stocks had been driving the markets for the last two years but have been under some pressure most recently here amid the market rotation.So the the bar has certainly been said hi for these companies here that are reporting over the next several days. Microsoft makes up nearly 20% of the videos revenue if Microsoft's earnings come in better than anticipated.I mean, clearly Microsoft has a lot of other things going on other than just A I.

And you say the fundamentals of the mag seven are not aligned, aren't they so long as the market remains bullish on A I spend?Well, I think the, the point I was trying to make is, is a I is important to all of the mag seven in different ways, right?When you think of Tesla, for example, Tesla is really a technology company that's surrounded by an automobile manufacturer and we saw what happened last week when Tesla reported they missed some keen numbers in their quarter and the stock...

You know, I think there's a couple of compelling avenues for growth and Microsoft that are very evident to us right now.PATERSON, N.J. — A New Jersey judge dismissed an indictment against a police officer facing charges over shooting and paralyzing a Paterson man after prosecutors said they turned up new evidence in the case.Rory McIlroy suggested he would opt to turn out for Team GB after declaring he “always felt more British than Irish” which did not go down well in Ireland.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

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.

Cryptos consolidate, stocks slide as Big Tech disappoints, investors eye GDP and PCE reportsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Stock market today: World stocks fall as investors are underwhelmed by Big Tech earningsWorld stocks fell Wednesday as the earnings reporting season ramped up for big companies, with investors showing a lack of enthusiasm for results so far.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Cracks in U.S. stock market calm boost allure of portfolio protectionInvestors face political uncertainty, big tech earnings and seasonal weakness
Source: globeandmail - 🏆 5. / 92 Read more »

Meta CEO Zuckerberg: Tech industry should adopt open-source AIMeta (META) CEO Mark Zuckerberg announced its new open-source AI model, Llama 3.1, will be powering its services moving forward. He also called on other tech...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »