Yonhuat
2022-10-29

Tech disaster week. Earnings report released spared none of the top tech stock. 

Meta eroded 24% , leading the decline from the pack. alphabet missed expectations , tougher business environment from businesses saw them cut ad spendings. Microsoft soon followed through, their drop was more panic selling due to apple reporting next day in anticipation the leader will miss estimates as well. 

Intel came with excellent earnings and outlook. might have triggered some optimism in the tech sector.

My ranking to add stock

1. Microsoft

2. Apple

3. Alphabet 

4. Stay away from Meta until they slow down burning cash in metaverse.

5. Not a fan of Netflix.

what's your top choice?

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