Apple was among big tech stocks investors sold after earnings along with Facebook, Microsoft and Amazon. The earnings power of these companies has not changed.
Big tech stocks were really bid up into Q2 reports
He goes back to one important data point in assessing the strength of these companies: they have doubled their earnings power in the past two years. "Which is astounding," he said. And that gives him more comfort in the longer-term picture. "I don't see any change. Big tech is still the place to be."Even as these companies have doubled earnings growth, he doesn't think they are anywhere near peak earnings. "It's just a much higher base to build on.
These companies have grown earnings so much because the pandemic changed consumption patterns, made us all even more tech-centric, and the market made a lot of money betting on that playing out exactly as it did. But now the big question for big tech isn't about its dominance being threatened — though multiple antitrust battles loom — it is just figuring out how much more room they have to keep the earnings growth rate going higher.
Apple trailed the S&P 500, too, ahead of the earnings. One reason: it sucked so much demand forward investors are rightly concerned posting good earnings comps will get harder. But, Colas said, that might also mean it has the most room left to go up, even in the short-term as a new iPhone launches in the fall and back-to-school boosts spending on consumer tech.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Apple Floats Above China Technology Crackdown — For NowNo big U.S. tech company is more exposed to China’s political climate than Apple. But its adroit management of the Chinese market is insulating it from the turmoil gripping the country’s own tech stocks.
Consulte Mais informação »
Today's Parent is now available on Apple News+ - Today's ParentCurrent and back issues of Today's Parent and all SJC Media titles are available on this premium, all-you-can-read app.
Consulte Mais informação »
Elon Musk wanted to be Apple CEO, Tim Cook said 'f--- you': bookElon Musk denies that Tim Cook ever cursed him out after a new book claims the Apple CEO hung up on him with a 'f--- you'
Consulte Mais informação »
Everything Under the Sun: Summer stargazing: Perseid meteors on Apple Podcasts.AccuAstronomy Journalist, wxlada joins DeanPSUpa to chat about what to expect from the upcoming Perseid meteor shower. ☄️🌌 AccuWeatherPod🎙! 🔈Apple Podcasts: 🔈Spotify: 🔈Web:
Consulte Mais informação »
Apple Floats Above China Technology Crackdown — For NowNo big U.S. tech company is more exposed to China’s political climate than Apple. But its adroit management of the Chinese market is insulating it from the turmoil gripping the country’s own tech stocks.
Consulte Mais informação »
New Apple Leak Reveals iPhone 13 Release SurpriseApple's iPhone 13 release just took a sudden surprising twist...
Consulte Mais informação »