Tech stock rebound faces doubters with earnings season ahead By Reuters

) on Thursday. Apple, the largest U.S. company by market value, and Google-parent Alphabet report the following week.

Fourth-quarter earnings in the tech sector are expected to have declined 9.1% from a year ago, compared to a 2.8% decline for S&P 500 earnings overall, according to Refinitiv IBES. A critical question for many megacaps, once heralded for their stellar growth, is whether they can increase revenue and profits significantly while cutting costs in the face of a possible recession.

Alphabet Inc said Friday it is cutting about 12,000 jobs, or 6% of its workforce, the latest tech giant to announce layoffs. Microsoft on Wednesday said it would eliminate 10,000 jobs while Amazon started notifying employees of its own 18,000-person job cuts. "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.

JesseCohenInv I predict here, Market is Down Trend based on Elliottwaves.

In the ever declining purchasing power of money of around 10% a year, a Co showing profit of anything around that is irrelevant. If you're in the midst of a downward moving stream, you don't celebrate when you advance at a rate less than it's pushing you back.

📈🚀

135 September amazon calls , 200 meta calls and 110 alphabet 3/17 calls 🤷🏻‍♂️🤝🏻

GAFA!GAFA!

👀

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock Market Today: Dow Gains 250 Points; Netflix Stock Price JumpsA rally in tech shares led Wall Street higher Friday, with the Nasdaq up 2.6%. The Dow and S&P ended the week lower, their first weekly declines this year.
La source: WSJ - 🏆 98. / 63 Lire la suite »

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.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Wall Street 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. $NVDA leads gains among tech stocks.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Stock market news today: Indexes rally but end the week mixedUS stocks climb but end the week mixed as investors worry about a coming recession
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Stock market news today: Indexes rise as tech layoffs continueUS stocks rise but eye weekly losses as wave of tech layoffs continues
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »