Alphabet’s latest quarterly release has brought a sense of relief to analysts and investors, as the company’s performance in the first quarter exceeded both earnings and revenue expectations. This positive outcome has alleviated concerns regarding the state of artificial intelligence and the overall tech sector following a recent sell-off. Analysts from major firms, including UBS
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Microsoft, a key player in the market rally and AI race, is set to release its latest quarterly report. Despite a nearly 5% gain year-to-date, the tech giant has faced a more than 7% slump in April. Investors are eager to see if Microsoft’s upcoming report can revive the rally, but the expectations are high.
Alphabet, the parent company of Google, is gearing up to release its earnings report after the closing bell on Thursday, making it one of many Big Tech companies reporting this week. Analysts are predicting that the company will post earnings of $1.51 per share on revenue of $78.59 billion for the first quarter. This would
Meta Platforms, the parent company of Facebook, faced a significant drop of more than 14% following the release of lighter-than-expected second-quarter revenue guidance. Despite this setback, the company managed to exceed analysts’ estimates for both earnings and revenue in the first quarter. On the other hand, Honeywell, an industrial stock, saw a 2.2% rise in
The financial sector often takes a backseat to the titans of Wall Street, but according to Wolfe Research, this earnings season could be a turning point for Fintech companies. Technical analyst Rob Ginsberg believes that the Global X FinTech ETF (FINX) is showing signs of attractiveness after a period of underperformance in the broader market.
Meta Platforms, previously known as Facebook, is gearing up to report its first-quarter earnings following a string of successful releases from tech companies. The stock has seen significant growth, climbing approximately 40% in 2024 and avoiding the recent market downturn. With a focus on efficiency and expansion into virtual reality and artificial intelligence, Meta has
UBS, a global financial services company, has stated that they do not expect the Federal Reserve to cut rates until September. They anticipate only two rate cuts this year, with the first one occurring in the fall. According to UBS, the yield on the 10-year Treasury note is projected to slide to around 3.85% by
UnitedHealth Group (UNH) saw a significant 16% increase in its stock following a strong earnings report, despite facing challenges such as the recent cyberattack on its subsidiary, Change Healthcare. However, recent market trends have begun to reveal cracks in UNH’s once robust rally. Two key technical indicators suggest a bearish bias on UNH: the Relative
Recently, Goldman Sachs analyst Eric Sheridan named Amazon as the top e-commerce pick, anticipating strong trends in the sector for the first quarter. Sheridan maintained a buy rating and a $220 price target on Amazon, which implies a potential upside of about 26% for the stock. The analyst highlighted resilient consumer spending in the first
Investors facing uncertainty due to macroeconomic challenges and geopolitical tensions may find solace in dividend-paying stocks. Wall Street analysts recommend considering dividend stocks as a stable investment option in times of market volatility. Enterprise Products Partners (EPD) stands out as one of the top picks in the current market scenario. The midstream energy services provider