We made lots of trades, picked up a new stock, and made other changes amid this earnings-heavy week...
Continue ReadingMega-cap technology giants have been undeniably strong in 2023, outperforming the S&P 500 handily. But how were their earnings results?...
Continue ReadingIt was a case of "follow the leader" after a major peer reported relatively disappointing results...
Continue ReadingTech stocks (XLK) provided a boost to the overall markets, with the S&P 500 ending the week nearly one percent higher. Meta (META) shares soared on an earnings beat, posting revenue of $28.65 billion versus an estimated $27.67 billion and earnings per share of $2.20 versus $2.01 estimated. Alphabet (GOOGL) ending the week up after announcing a $70 billion share buyback and beating on the top and bottom line. Microsoft (MSFT) reported an earnings beat, the stock up on better-than-expected guidance. Daniel Morgan, Synovus Trust Senior Portfolio Manager, said Microsoft is a winner this week. Morgan joined Yahoo Finance’s Julie Hyman and Diane King Hall to recap major tech earnings to discuss the impact of AI on big tech’s stock prices. “The best thing you can do as a CEO to jumpstart your stock is talk about AI…My biggest concern is how can AI trickle down and actually affect the bottom line and grow profits into the future? Or is it just going to create more efficiencies and productivity within the existing products?” Watch the full interview here. Key video moments 00:00:02 On mentioning AI 00:00:10 On who is winning in AI race 00:00:42 On biggest AI concern...
Continue ReadingSynovus Trust Senior Portfolio Manager Daniel Morgan joins Yahoo Finance Live to discuss FAANG stocks, the biggest winners and losers from this week's tech earnings, and the outlook for Apple and Nvidia earnings next week...
Continue ReadingU.S. stocks rallied to a higher close on Friday and benchmark Treasury yields dipped at the end of a week marked by strong earnings, wrapping up a solid month with data confirming inflation is cooling, which could allow the Federal Reserve to pause after next week's expected.....
Continue ReadingThe Yahoo Finance Live discusses Amazon stock trading lower, indicating a slowdown in consumer spending...
Continue ReadingAs we digest big earnings and the bears and bulls duke it out, we've got a breadth problem: The S&P 500's Top 10 stocks make up most gains this year, according to one report...
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