On today’s episode of Full Court Finance at Zacks we take a look at the market and the broader S&P 500 earnings outlook during another busy week on Wall Street. We then dive into Microsoft, Apple, and Amazon ahead of their upcoming financial releases to see if investors might want to buy any of the tech titans.
The Nasdaq popped 0.90% through late-afternoon trading on Monday to put the tech-heavy index on track for its first record since mid-February. The index has now recovered all of its losses from its month-long correction as Wall Street took home profits on all the big winners.
The technology resurgence hasn’t derailed the cyclical trade that’s seen financial firms, energy stocks, and other economically-sensitive spaces soar. The current bullish fundamentals remain firmly in place as the U.S. vaccine push continues. Plus, the injection of trillions into the economy, coupled with low interest rates could further stoke the economic boom that has economists projecting 6% or higher GDP growth.
Meanwhile, the big Wall Street banks and other bellwethers have kicked off the first quarter earnings season on a high note. The last week of April showcases some of the biggest companies in the world, including Alphabet Inc. GOOGL, Facebook FB, Shopify SHOP, Boeing BA, and nearly one-third of the S&P 500.
With this in mind, we dive into Microsoft MSFT, Apple AAPL, and Amazon AMZN. MSFT shares have been on a tear in the past several weeks and they hit new highs Monday ahead of Microsoft’s release after the closing bell on Tuesday.
Apple, which reports on Wednesday, has also regained some of its footing recently, but it still has more room to run before it returns to its January records. The last of the big three tech stocks to report is Amazon. The e-commerce powerhouse jumped on Monday as it attempts to race back to all-time highs ahead of its Thursday report.
Zacks’ Top Picks to Cash in on Artificial Intelligence
In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create “the world’s first trillionaires.” Zacks’ urgent special report reveals 3 AI picks investors need to know about today.
See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
The Boeing Company (BA) : Free Stock Analysis Report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Facebook, Inc. (FB) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Shopify Inc. (SHOP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The post Big Tech Breakdown: Buy Microsoft, Apple & Amazon Stock Before Earnings? – Yahoo Finance appeared first on abangtech.
source https://abangtech.com/big-tech-breakdown-buy-microsoft-apple-amazon-stock-before-earnings-yahoo-finance/
No comments:
Post a Comment