Tag GOOGL

This week will see a flurry of earnings reports from prominent Big Tech names, including Meta (META), Alphabet (GOOG, GOOGL), and Microsoft (MSFT). Synovus Trust Senior Portfolio Manager Dan Morgan and Creative Strategies CEO and Principal Strategist Ben Bajarin joined Market Domination to discuss the potential impact of artificial intelligence on Big Tech earnings. Bajarin highlights two main concerns: "Who's getting the most beneficiary lift from AI stocks?" and "Do we have outsized expectations of AI growth?" However, he believes tech earnings will see strong growth due to AI infrastructure investments. Bajarin expresses worry about potential volatility stemming from "the bubble-ish cycle of AI." He also notes that costs associated with AI innovation could be a factor affecting earnings. Morgan emphasizes that if investors look beyond the AI hype, Big Tech is "looking at very strong growth" across the core business models. While companies like AMD (AMD) and Nvidia (NVDA) do have substantial profit growth fueled by AI, Morgan notes that for earnings from names like Microsoft and Meta there won't be "a huge AI effect, in terms of like 30% growth coming from AI, but their core businesses are very strong." He adds that if the Federal Reserve were to refrain from cutting rates and inflation remains elevated, these tech giants "are delivering growth regardless of what the Fed is doing." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith...

Republican presidential candidate Donald Trump said on Monday that President Joe Biden was "pushing" for a ban on TikTok and would be the one responsible if a ban were imposed, urging voters to take notice. The U.S. House of Representatives passed bipartisan legislation on a 360-58 vote on Saturday that would give TikTok's Chinese owner ByteDance about nine months to divest its U.S. operations or face a ban. If it passes there, Biden has said he would sign it into law...

Dow Jones leader American Express and Google stock are in buy areas Monday, despite a weak stock market environment...

Given the robust performance over the last year overall, post-earnings weakness could be prevalent, though both of these companies' fundamentals continue to make them an attractive long-term play...

(Bloomberg) -- Big tech companies are running out of steam as the earnings momentum once enjoyed by the sector faces a cool down, according to UBS Group AG’s chief US equity strategist.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTikTok to Remove Executive Tasked With Fending Off US ClaimsChina Is Front and Center of Gold’s Record-Breaking RallyTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareThe Fed’s Forecasting Method Looks Increasingly Outd...

(Bloomberg) -- Alphabet Inc. is bringing in so much cash that hopes are rising it will take a page out of the Meta Platforms Inc. playbook and start paying a dividend. Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTikTok to Remove Executive Tasked With Fending Off US ClaimsChina Is Front and Center of Gold’s Record-Breaking RallyTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke...

Stock index futures (^DJI, ^IXIC, ^GSPC) are eager to shake off April sell-offs ahead of Big Tech earnings this week. The S&P 500 is back above 5,000 in Monday's pre-market trading. Tesla (TSLA) and Chinese competitor Li Auto (LI) are both slashing prices on their electric vehicles in Chinese markets. The US House of Representatives voted to pass its foreign aid package, which includes support for Israel, Ukraine, Taiwan, and the potential TikTok ban bill. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan...