Call 800 665 0411 to learn about our services

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Big Tech earnings out this week - what investors are looking for


April 24, 2023 ( Newswire) With Microsoft, Alphabet, Amazon and Meta all reporting their earnings this week, investors around the world are switching their attention from banks to Big Tech, says the CEO of one of the world's largest independent financial advisory, asset management and fintech organizations.

The comments from Nigel Green, chief executive and founder of deVere Group, come as US stock futures dropped slightly on Sunday night, and European markets are expected to open flat, as investors prepare for corporate earnings reports from mega-cap tech titans.

He says: "Many of the tech giants spent 2022 'cleaning house' and getting rid of factors weighing on earnings, so we expect to see some positive reports this week.

"The earnings will highlight which companies have been able to maintain margin. In this environment of higher rates for longer than had previously been anticipated, some companies have found it difficult to maintain margin, others have done well.

"But due to the difficult work done last year, Big Tech is likely to provide some decent earnings."

There are three main factors that investors will be looking for, says Nigel Green.

"Guidance will be critical as indicators show the economy is headed for a downturn and investors will be eager to know which companies are best-positioned to manage this. Guidance helps evaluate a company's past performance in light of its future prospects.

"Cost-cutting measures and their efficacy will be poured over too. Have the recent mass lay-offs, following the mass hiring spree during and post Covid had an impact on the bottom line?"

"Plus, the AI (artificial intelligence) race will be closely monitored by investors."

Only two months after its launch in late November, ChatGPT had 100 million monthly active users in January. To put this into context, it took Instagram two and a half years to get to 100 million.

"Therefore, the pressure is on for all tech titans to ramp up their AI divisions."

This week is a big week and the halfway point in earnings season.

The deVere CEO concludes: "Just five tech companies have made up two-thirds of the S&P 500's gains this year. Needless to say, all eyes are on Big Tech earnings this week."

t: +44 207 1220 925
Twitter: @PriorConsults

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

Follow Us on StockTwits

Tech Stocks - Tech Stocks Directory, Tech Stocks News, Research and Resources

Get more Technology stock investor ideas - news, articles, podcasts and stock directories