Big tech is dominating earning

2024-04-22

Big tech is dominating earnings season:

Excluding the top 5 earnings contributors, S&P 500 earnings are expected to fall 6% in Q1 2024.

The largest estimated net income contributors are Nvidia, Amazon, Meta, Google, and Microsoft.

Meanwhile, these 5 companies' earnings combined are expected to grow by 64.3% in Q1 2024.

In other words, the S&P 5's earnings are expected to grow by 10 TIMES more than the S&P 495's earnings are expected to decline.

Markets can't afford another pullback in tech stocks.

The bar is set very high.

Hold or Sell? How to Trade This Earning Season?

After most bank stocks had a rough start, both $Taiwan Semiconductor Manufacturing(TSM)$ and $Netflix(NFLX)$ fell over 5% despite significantly exceeding earnings expectations, mainly due to weak guidance from these companies. Tesla and Meta will release earnings next week.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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