Wedbush: Microsoft, Alphabet, Amazon, etc. are expected to "stand out" in the earnings season.

Market VisionTuesday, Jul 16, 2024 11:10 am ET

1min read

AMZN

Wedbush expects tech stocks including Microsoft, Alphabet, Amazon, Palantir and Meta to "shine" in the second-quarter earnings season. Analyst Dan Ives said in a note to investors: "We believe Q2 will be the main positive catalyst for the tech sector, with tech stocks expected to rise another 15% for the rest of the year after a strong 24% rise in the first half of the year as the broader tech growth story centered around software, cybersecurity, digital advertising and semiconductors now takes center stage." The firm's global tech survey showed that cloud deployment and corporate AI spending outperformed Wall Street expectations, which bodes well for the tech giants. The firm also likes Zscaler, Palo Alto Networks, Crowdstrike, CyberArk, Checkpoint and Tenable.

Comments

﻿

Add a public comment...

No comments yet

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.