Read the full article on Yahoo Finance.
Excerpt:
This week the megacaps get another chance to prove themselves when Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Meta Platforms (NASDAQ:META) and Apple (AAPL?) all report second-quarter earnings.
Tesla (NASDAQ:TSLA) and Alphabet (NASDAQ:GOOGL) got the reporting party started on Tuesday after-the-bell to little fanfare. Disappointing results from both those names led to a general selloff on Wednesday, which saw the S&P 500 and Nasdaq Composite clocking their worst performance since 2022. Weakness was obvious in Tesla's results, which missed earnings per share expectations by 9 cents and saw auto revenue slip 7% year over year.[1] On the other hand, Alphabet handily beat expectations on both the top and bottom line, but it was worse-than-expected YouTube advertising revenue that caused investors to punish the stock.[2] Alphabet shares took another leg lower on Thursday when OpenAI announced the prototype of its search engine, SearchGPT. As a result of these early earnings results, other mega-cap tech names such as Nvidia (NASDAQ:NVDA), Meta and Apple fell in sympathy.
Recent Content
-
Berkshire Hathaway Joins the Trillion-Dollar Club: A Deeper Dive into the Insurance Industry
-
.png)
Stock Splits Continue Their 2024 Comeback
-
Quartz: Walmart is winning this shaky economy, analyst says
-
Quartz: Apple spent big on AI — and it's paying off with the iPhone 16, analyst says
-
Key Findings 2024: Data for Trading and Risk Annual Survey from Wall Street Horizon
-
.png)
NVIDIA Earnings in Focus, Chips Stocks Chopping Around
-
Retail Brew: Discount and digital spending boost Target’s Q2 sales
-
.png)
Mid-Q3 2024 Investor Conference & Events Highlights Update
-
Yahoo Finance: Wall Street Horizon LERI (Late Earnings Report Index) Shows Corporate Confidence on the Rise
-
.png)
That’s a Wrap! The Q2 Earnings Season Concludes with a Final Word from the Retailers
 .png)
