Nasdaq’s $4 Trillion Rally Poised to Heat Up on Tech Earnings Sweep
(Bloomberg) — The already blistering rally in U.S. technology companies is about to intensify after earnings from the biggest purveyors of internet services and smartphones blew past estimates. Exchange-traded funds tracking the Nasdaq 100 jumped…
Big Tech Earnings Surge During Pandemic While the Economy Slumps
(Bloomberg) — The largest U.S. technology companies are thriving in a pandemic that has increased dependence on their products and services, while hammering much of the rest of the economy.Quarterly results from Apple Inc., Amazon.com Inc.,…
Big Tech Emperors Parade Their Earnings Power
(Bloomberg Opinion) — What timing. On Wednesday, the CEOs of four of the biggest U.S. technology companies downplayed the market power of their respective firms in a landmark antitrust hearing before a House subcommittee. Then just a day later, the…
Stocks Slump on Economy Before Big Tech Earnings: Markets Wrap
(Bloomberg) — U.S. stocks slumped and Treasuries climbed after economic data added to concern over a slow and uneven recovery amid a resurgence of coronavirus cases around the globe. A third day of falling bond yields sent financial shares to their…
Samsung Beats Earnings Estimates on Recovery of Chips, Gadget Sales
(Bloomberg) — Samsung Electronics Co. reported earnings that beat estimates and said demand for memory chips is likely to recover in the second half of the year, driven by new smartphones and gaming consoles. Net income increased to 5.5 trillion…
Stocks cling to gains ahead of BIg Tech, Fed; BA, GM rally after earnings
Stock futures were slightly higher at the start of an eventful Wednesday, during which Big Tech executives will testify before Congress and the Federal Open Market Committee will release its July monetary policy statement. A host of quarterly corporate…
Clean Energy ETFs Soaring Ahead of Q2 Earnings
The clean energy space has been showing strength on the presumptive Democratic presidential candidate Joe Biden’s push for clean energy and infrastructure plans. Merger activity added to investors’ enthusiasm. The popular ETFs in the space — iShares…
Blowout Earnings Spur Biggest Upgrades for India Tech Since 2013
(Bloomberg) — With India’s biggest technology companies joining their global peers in topping earnings forecasts, analysts are turning extremely bullish on the sector’s outlook. Twelve-month forward earnings estimates for the 50-member S&P BSE…
Stocks higher with earnings, stimulus talks in focus
Stocks rose Monday ahead of a busy week of corporate earnings results, a Federal Open Market Committee monetary policy meeting and plethora of economic data reports. Each of the three major indices held in slightly positive territory Monday afternoon,…
After Intel Shares Pounded On Chip Guidance, Earnings Eyes Turn To Amazon, Apple, Other Big Tech
Considering the effects the coronavirus has had on U.S. and world markets in 2020, it might be understandable to long for the “simpler times” of 2019. However, there’s one major storyline from last year we might wish to forget—trade policy and…