Top Line Sales beats in the Big Tech space for Q1
Top Line Sales beats in the Big Tech space for Q1 πππ
$Alphabet(GOOG)$ $Alphabet(GOOGL)$ > $Microsoft(MSFT)$ > $Apple(AAPL)$ > $Meta Platforms, Inc.(META)$ > $Amazon.com(AMZN)$
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Companies beating earnings estimates by >1 Std Dev have underperformed the $S&P 500(.SPX)$ by -12bps in the trading session directly after reporting (vs historical avg of +101bps of outperformance).
This the worst performance from EPS beating stocks since 2020.
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Hedge Fund Net allocations to China ADRs increased in April, but remain near 5 year lows despite the recent rally there.
$KraneShares CSI China Internet ETF(KWEB)$ $iShares China Large-Cap ETF(FXI)$ $Alibaba(BABA)$ $Alibaba(09988)$ $PDD Holdings Inc(PDD)$
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https://twitter.com/Marlin_Capital/status/1787247019989291273
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