The technology has been the hardest hit sector since the start of 2022, thanks to soaring yields and a hawkish Fed.
We are in the peak earnings season and tech giants are in the spotlight this week, with some of five biggest giants reporting this week.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and...
Microsoft (MSFT) continued a long track of beating earnings estimates and topped the revenue estimate driven by the demand for its software and cloud computing services for remote work and study.
Total Q3 earnings from the group of five companies are expected to be up 24.3% on revenue growth of 25.1%.