We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Market gains this year have been largely driven by the world's largest companies, which extended their rally last week after reporting better-than-feared results. Prior to these reports, concerns had arisen about lofty valuations, macro headwinds, and an earnings recession.
According to the Financial Times, hedge funds were net sellers in tech stocks ahead of earnings and lost $18 billion on those bets. Strong results from the sector were driven in part by heavy cost-cutting, which boosted profit margins.
These companies have also made significant investments in artificial intelligence, which is expected to enhance their results in the coming quarters.
Microsoft (MSFT - Free Report) ’s results beat expectations on the top and bottom lines, as well as on quarterly revenue guidance.
Google parent Alphabet's (GOOG - Free Report) ’s cloud unit reported a profit for the first time. The company also announced a share repurchase of up to $70 billion.
Amazon (AMZN - Free Report) reported stronger-than-expected revenue, thanks to strong growth in its cloud computing and advertising businesses.
Meta Platforms (META - Free Report) ’s shares surged 15% after earnings and are now up more than 90% year-to-date. The CEO has called 2023 the "Year of Efficiency" for the social media giant.
To learn more about the Invesco NASDAQ 100 ETF (QQQM - Free Report) , the Vanguard Mega Cap Growth ETF (MGK - Free Report) and the Roundhill BIG Tech ETF , please watch the short video above.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
ETFs to Bet on Mega-Cap Tech Stocks
Market gains this year have been largely driven by the world's largest companies, which extended their rally last week after reporting better-than-feared results. Prior to these reports, concerns had arisen about lofty valuations, macro headwinds, and an earnings recession.
According to the Financial Times, hedge funds were net sellers in tech stocks ahead of earnings and lost $18 billion on those bets. Strong results from the sector were driven in part by heavy cost-cutting, which boosted profit margins.
These companies have also made significant investments in artificial intelligence, which is expected to enhance their results in the coming quarters.
Microsoft (MSFT - Free Report) ’s results beat expectations on the top and bottom lines, as well as on quarterly revenue guidance.
Google parent Alphabet's (GOOG - Free Report) ’s cloud unit reported a profit for the first time. The company also announced a share repurchase of up to $70 billion.
Amazon (AMZN - Free Report) reported stronger-than-expected revenue, thanks to strong growth in its cloud computing and advertising businesses.
Meta Platforms (META - Free Report) ’s shares surged 15% after earnings and are now up more than 90% year-to-date. The CEO has called 2023 the "Year of Efficiency" for the social media giant.
Apple (AAPL - Free Report) will report later this week.
To learn more about the Invesco NASDAQ 100 ETF (QQQM - Free Report) , the Vanguard Mega Cap Growth ETF (MGK - Free Report) and the Roundhill BIG Tech ETF , please watch the short video above.