WSJ: “Stocks’ Return to Records Led by the Usual Suspects: Large Tech”By admin_45 in IN THE NEWS
Excerpt from the Wall Street Journal quoting DataTrek Research:
.... "Investors will see whether that ends up being the case in the next couple of days. Google parent Alphabet Inc. posted worse-than-expected earnings after closing just shy of a record Monday, while Apple and Facebook will share their results Wednesday. The three stocks make up a whopping 9% of the S&P 500’s market capitalization, according to DataTrek, which notes that means they’ll have “outsized influence on whether the index breaks out to fresh all-time highs.”
So far, the prognosis is mixed. Analysts have been increasing their earnings estimates for Apple over the past month and stayed put on estimates for Facebook, according to DataTrek"....
Read the full article here in the WSJ!