Goldman's tech analyst gives his top picks from here after evaluating first-quarter earnings results

  • 📰 CNBC
  • ⏱ Reading Time:
  • 35 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 72%

Instacart (Maplebear Inc) Nachrichten

Expedia Group Inc,Meta Platforms Inc,Alphabet Inc

Goldman's top technology analyst is laying out his top picks as the first-quarter earnings season wraps up.

Goldman's top technology analyst is laying out his best internet picks as the first-quarter earnings season wraps up. Despite a murky macro backdrop, "our main takeaway from this earnings season was that the Internet consumer is continuing a theme from 2023 into 1H 2024 of settling into a normalized behavior with consumer spending growing YoY albeit with a continued shift toward services over goods ... " wrote Eric Sheridan.

mountain Shares this year " Q1 earnings report signaled a vocal commitment to AI and metaverse investment cycles with short-term revenue trajectory less a focus when compared to long-term potential of positioning the company for success across AI led platform/product shifts," he wrote. Beyond the megacap names, Sheridan highlighted Expedia as a stock that should benefit from the normalization of online travel toward pre-Covid levels.

mountain Shares this year Instacart is another internet stock poised to benefit in this changing consumer landscape, including consolidation toward fewer online services and platforms. Shares have surged 39% this year.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

The 'Magnificent 7' term needs to be retired after Q1 earnings: Goldman SachsThe 'Magnificent 7' term needs to be retired after Q1 earnings: Goldman Sachs
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »