Wall Street Week Ahead: Tech stock rebound faces doubters with earnings season ahead

"The biggest positive could be if they could show a control of expenses while keeping at least reasonable growth intact," said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey. "It’s a hard balancing act."Valuations for tech and megacap companies have moderated after last year's selloff, though they still stand above those of the broader market.

The firm expects an economic downturn and believes many tech companies have businesses that are resilient to economic uncertainty, said Sameer Samana, a senior global market strategist there. "It’s just too important and too big a weighting not to participate," Samana said. "But the years of handily outperforming the S&P are probably now behind us.”

$NVDA leads gains among tech stocks.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall St Week Ahead Tech stock rebound faces doubters with earnings season aheadA spate of earnings reports in coming weeks is set to test a recent bounce in technology and other megacap stocks, a category whose leadership position in U.S. markets has faltered after last year’s deep selloff.
Source: Reuters - 🏆 2. / 97 Read more »

Rally for tech stocks helps soften Wall Street's rough weekA rally for tech stocks Friday is applying some salve on Wall Street's rough week, one dominated by worries about a weakening economy.
Source: wjxt4 - 🏆 246. / 63 Read more »

Asia-Pacific stocks set to drop, tracking losses on Wall StreetShares in the Asia-Pacific are set to decline, tracking losses on Wall Street. Will add more at the open tomorrow then.
Source: CNBC - 🏆 12. / 72 Read more »