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?

Big Tech: Good time to add/short?
Wall Street stocks on Thursday had their best day since early January, fuelled by a batch of strong earning reports from Big Tech groups. META reported an unexpected increase in sales; Amazon reported better-than-expected revenue on Thursday; Microsoft surpassed expectations of EPS, revenue and revenue guidance. ---------- [TOPIC] Do you think U.S. tech stocks can ever return to the top? Do you think it is a good time to short or add your positions? ---------- How do you view the earnings of Big Tech? Will you add big tech or short them?
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