OPINION: These four mega-cap companies will be too important to fail and, therefore, should remain long-term outperformers — even when the tech trade is unpopular, danielnewmanuv writes.
With a broad set of indicators pointing to a slowdown in the global economy, the highest inflation in four decades and a big jump in interest rates, there were many reasons to expect that tech earnings may be another data point of our fragile economic state — dare I say recession?
Others performed much better. IBM IBM, -0.17% got things kicked off with relative strength. Microsoft MSFT, -1.15% and Alphabet GOOG, +0.36% missed estimates by a hair but largely left investors reassured with their results. Amazon beat revenue numbers significantly, and Apple AAPL, -0.93% topped numbers across the board.
The following four companies have the ingredients that will make them too important to fail and, therefore, should remain long-term outperformers — even when the tech trade is unpopular. Microsoft A miss is a miss, but Microsoft’s six-cents-a-share miss was precisely made up of a combination of foreign exchange, China-related shutdowns and the continued impact of Russia/Ukraine. Still creating $2.23 per share in EPS and growing double digits over last year’s record results, Microsoft is exposed to both enterprise and consumer, and its results indicate that the company is more than confident to weather any impending economic storm.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Fantastic Four Writer Reveals the Biggest Problem of Marvel's First FamilyFantastic Four's Dan Slott reveals the franchise issues he wanted his tenure to address. 'Fantastic Four is the whitest book ever. I created an alien race where everybody is Black or Asian or Black and Asian because, dear God, that was important to me.'
Weiterlesen »
Kansas first state to vote on abortion since Roe’s demiseKansas is having the first test of voters’ feelings since the U.S. Supreme Court struck down Roe v. Wade.
Weiterlesen »
Four-star Tight End Ty Lockwood Decommits from Ohio State, Flips to AlabamaOhio State is down to 18 commits in the 2023 class as four-star Ty Lockwood decommits from Ohio State and flips to Alabama.
Weiterlesen »
Drake Tests Positive for COVID-19, Postpones Young Money Reunion Show: ‘I Am Truly Devastated’“I love you all and I am so sorry for letting you down on our weekend together,” the rapper wrote on his Instagram Story.
Weiterlesen »