Fed AftermathApple, Amazon, Microsoft and Google have all been crushed post earnings. Apple is the 'best' performer - down approx 13% the past two weeks. What's next for large cap tech? I see more downside... and this post explains why.
We’ve Seen This Script BeforeQ3 2022 big-tech earnings are behind us - with only one winner. Apple reported inline results with weak guidance - but enough to send the stock 7% higher. The rest however were slaughtered on weak earnings and forward guidance. But it was the Facebook's "metacurse" which sent the stock reeling almost 30%... Amazon was also crushed on a poor Q4 outlook.
Tech May Catch a Short Term Bid – But It’s ExpensiveStocks look set to rally a little in the near-term from oversold levels. However, act with caution, as they are looking expensive given the environment of expected EPS decline.
Why These Companies are my ‘Core’ Top 4 HoldingsIf you don't own each of Apple, Microsoft, Google or Amazon - you should consider it. These are four of the highest quality companies listed globally for good reason... the only question to ask is what premium you should pay... and not whether you should own them.
Big Tech Q2 Earnings: Mixed Bag (So Far)The market exhaled post Q2 earnings from MSFT and GOOG. In short, demand is not falling off a cliff. To be clear, earnings were not great... but they still both posted double-digit top line growth in a tough environment.
Tech Pummeled… But “Fear Index” Still LowIn three sessions - we've seen over $1 Trillion of market cap wiped off mega-cap tech names. And whilst we're closer to a bottom - where valuations of some companies are attractive - there's likely more downside yet.
Where Do We Go From Here?How much more volatile could things get? Does it get worse? Or have we found bottom? My best guess: expect greater volatility; more pain ahead; and it's unlikely the selling has finished.
Stocks are Yet to Experience a Solid ‘Flush’At the start of this month we were talking about April's strong historical record. But as we know, records mean nothing. This month was brutal especially for the Nasdaq. It posted its worst monthly performance since 2008.
Amazon Disappoints… Apple DeliversMeta (aka Facebook) helped advance tech stocks today... however the reprieve may only be temporary. Investors snapped up the social advertising leader - which showed a small increase in DAUs (Daily Active Users) and ARPU (Average Revenue Per User).
Nasdaq: On Pace for Worst Month Since 2008The Nasdaq is on track for its worst month in 14 years. Google, Amazon, Apple, Microsoft and Facebook are all well off the highs. Netflix has lost more than 60% of its value...can the sector find support? And where?
