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As some Big Tech companies prepare to release earnings on Thursday, Victoria Fernandez of Crossmark Global Investments weighs in on growth prospects. She believes "there's going to be some difficulty, I think, in hitting some numbers that continue to make the stocks move higher," given lofty expectations. Fernandez explains that stocks like the tech giants have already priced in anticipated gains from areas like AI monetization. This helps explain disappointing results from names like Alphabet (GOOG, GOOGL) and Microsoft (MSFT) recently. Of the tech titans, she sees Apple (AAPL) as most worrisome for investors, since it has been "down versus the rest of that Magnificent Seven for a while," and faces a "tricky" path to meet forecasts. Given high valuations, Fernandez notes she has been "trimming" tech holdings, advising investors not to "go all in" on those stocks. However, she singles out Microsoft as a top tech pick thanks to strengths in AI, cash flow, and balance sheet. Watch the video above to hear what Fernandez has to say about investing in Amazon. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith...
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I have concern over the current Nvidia Corporation stock valuation, with a steep selloff likely due to several factors. Click to see why I am bearish on NVDA stock...
Continue ReadingA Russian court on Thursday said it had fined U.S. e-commerce giant Amazon 2 million roubles ($22,254) for failing to remove what it said was illegal content. Russia also fined the company more than 200 million roubles on Jan. 17 for not having a physical presence in the country, and 4 million roubles in October also for failing to removed banned content...
Continue ReadingThe next slew of Big Tech earnings includes Apple (AAPL), Amazon (AMZN), and Meta Platforms (META), all scheduled to report earnings on Thursday. After several tech giants fell short of advertising revenue expectations, what should investors expect from these next big three? Yahoo Finance Tech Editor Dan Howley highlights what investors will be paying the closest attention to, including Apple's iPhone demand in China, Amazon's AWS segment, and Meta's AI strategy. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan...
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A Consumer Product Safety Commission order could classify Amazon as a distributor, potentially exposing it to more legal claims. Amazon says it already works to protect consumers...
Continue ReadingAmazon reports earnings after the bell Thursday. Here's what to expect...
Continue ReadingApple (AAPL), Amazon (AMZN), and Meta Platforms (META) are set to report earnings on Thursday as Wall Street continues evaluating the strength of Big Tech and its influence on broader markets. Corient Associate Partner and Senior Portfolio Manager Jason Benowitz focuses on the core factors that will determine Apple and Amazon's performances: Chinese markets and the strength of the US consumer. "China will probably be a source of weakness" for Apple, Benowitz tells Yahoo Finance. "The decline last quarter may even get worse in the current quarter when they report because of Huawei being a stronger competitor than they were six months ago." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan...
Continue ReadingAmazon and Meta Platforms could be great ways to bet on AI adoption in 2024 and beyond...
Continue ReadingThe Dow Jones rose Thursday on a surprise jump in initial unemployment claims. Magnificent Seven stocks Amazon and Apple will report late...
Continue ReadingTech titans Apple (AAPL), Amazon (AMZN), and Meta (META) are scheduled to release quarterly earnings on Thursday, a pivotal moment for investors to gauge the companies' performance. Amazon's cloud computing arm AWS had heavy AI investments this quarter, with investors waiting to see if it was beneficial. Meta faces doubts that its ad revenue can meet expectations, while Apple's anticipated iPhone 15 sales numbers will be a crucial indicator of demand in China. Yahoo Finance Tech Editor Dan Howley analyzes the vital metrics that will shape the perception of Big Tech's health this earnings season. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith...
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