While stocks of technology companies have gotten hammered recently, forecasts for their earnings have risen, so the group is looking increasingly attractive, from Big Tech all the way down.
Meanwhile, the sector’s business prospects have been improving. In the past three months, just over 70% of analysts’ changes to their forecasts for profits at tech companies in the S&P 500 have been increases, according to Citi. Strong earnings reports are on the way and “should be the catalyst to move the tech sector higher,” wrote Wedbush analyst Dan Ives in a research note last week.
A key factor behind that has been the company’s ability to use artificial intelligence to enhance its products. Analysts at Morgan Stanley wrote this month that surveys of software customers show that Salesforce has increased its market share by a few percentage points in the past couple of quarters.
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:
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.
Marketmind: Stocks struggle as yields rise, tech earnings loomMarketmind: Stocks struggle as yields rise, tech earnings loom
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market today: Asian stocks fall as concerns rise over Israel-Hamas war and high yieldsAsian shares have started the week lower, as higher risks of broader conflict in the Middle East cloud market sentiment and bond yields continue to rise.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian stocks fall as concerns rise over Israel-Hamas war and high yieldsAsian shares have started the week lower, as higher risks of broader conflict in the Middle East cloud market sentiment and bond yields continue to rise. U.S. futures rose while oil prices fell back. On Friday, the S&P 500 fell 1.3% for a fourth straight drop. The Dow sank 0.9% and the Nasdaq composite tumbled 1.5%.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks fall as concerns rise over Israel-Hamas war and high yieldsAsian shares have started the week lower, as higher risks of broader conflict in the Middle East cloud market sentiment and bond yields continue to rise.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Source: NBCNewYork - 🏆 270. / 63 Read more »
Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Source: CNBC - 🏆 12. / 72 Read more »