3 Big Tech stocks to keep an eye on this week
The post 3 Big Tech stocks to keep an eye on this week appeared on BitcoinEthereumNews.com. The S&P 500 index wrapped up the previous week on a somber note, witnessing a decline of more than 2.7% over the course of the last five trading sessions. This downward trajectory followed Federal Reserve Chair Jerome Powell’s recent remarks regarding the central bank’s ongoing struggle with inflation, which rattled investor sentiment on Friday. As significant as the past week was for the stock market, the upcoming one looms even larger on the horizon. Notably, it promises to deliver a wealth of crucial data, including the eagerly awaited Q3 GDP figures. But most importantly, investors eagerly anticipate earnings reports from tech giants, including Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL), and Amazon (NASDAQ: AMZN). Earnings reports tend to exert immediate influence on stock performance, making it imperative to delve into expectations for these reports and assess their potential impact on these three corporate behemoths. Microsoft (NASDAQ: MSFT) Microsoft, the second-biggest company in the world by market cap, is set to post its quarterly earnings on Tuesday, October 24, following the market close. With an impressive stock market performance in 2023, and after closing the blockbuster acquisition of Activision-Blizzard, analysts have big expectations for Microsoft’s upcoming report. According to consensus estimates, the tech giant is expected to report earnings per share (EPS) of $2.65 on revenue of $54.54 billion in revenue. The company surpassed earnings projections in four previous quarters. Extending that streak on Tuesday would likely further boost MSFT’s year-to-date gains, which currently stand at over 36%. MSFT stock YTD chart. Source: Finbold Alphabet (NASDAQ: GOOGL) Google owner Alphabet is scheduled to unveil its Q3 report on the same day as Microsoft, and just like with Windows maker, analysts are largely optimistic. Notably, Wall Street expects the tech titan to post diluted EPS of $1.45 and revenue of $75.99 billion. For…
The post 3 Big Tech stocks to keep an eye on this week appeared on BitcoinEthereumNews.com.
The S&P 500 index wrapped up the previous week on a somber note, witnessing a decline of more than 2.7% over the course of the last five trading sessions. This downward trajectory followed Federal Reserve Chair Jerome Powell’s recent remarks regarding the central bank’s ongoing struggle with inflation, which rattled investor sentiment on Friday. As significant as the past week was for the stock market, the upcoming one looms even larger on the horizon. Notably, it promises to deliver a wealth of crucial data, including the eagerly awaited Q3 GDP figures. But most importantly, investors eagerly anticipate earnings reports from tech giants, including Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL), and Amazon (NASDAQ: AMZN). Earnings reports tend to exert immediate influence on stock performance, making it imperative to delve into expectations for these reports and assess their potential impact on these three corporate behemoths. Microsoft (NASDAQ: MSFT) Microsoft, the second-biggest company in the world by market cap, is set to post its quarterly earnings on Tuesday, October 24, following the market close. With an impressive stock market performance in 2023, and after closing the blockbuster acquisition of Activision-Blizzard, analysts have big expectations for Microsoft’s upcoming report. According to consensus estimates, the tech giant is expected to report earnings per share (EPS) of $2.65 on revenue of $54.54 billion in revenue. The company surpassed earnings projections in four previous quarters. Extending that streak on Tuesday would likely further boost MSFT’s year-to-date gains, which currently stand at over 36%. MSFT stock YTD chart. Source: Finbold Alphabet (NASDAQ: GOOGL) Google owner Alphabet is scheduled to unveil its Q3 report on the same day as Microsoft, and just like with Windows maker, analysts are largely optimistic. Notably, Wall Street expects the tech titan to post diluted EPS of $1.45 and revenue of $75.99 billion. For…
What's Your Reaction?
