This Week of Major Tech Stock Earnings Could See Microsoft Grow 14%
Stock are up this week, particularly major tech stocks like Amazon and Alphabet, as these companies prepare to issue earnings reports.
Quick overview
- Several major tech companies, including Microsoft, Amazon, and Meta, are set to report their quarterly earnings this week, which is crucial for investors.
- Microsoft is projected to achieve a 14% revenue growth, largely driven by improvements in its Azure cloud services.
- Meta expects to generate $49.4 billion in earnings, while Amazon anticipates nearly $180 billion in sales for the quarter.
- Overall, the stock market is showing positive momentum ahead of these earnings reports, with Microsoft and Alphabet experiencing notable stock increases.
Several of the top technology companies will be reporting their quarterly earnings this week, making it a key few days for investors, and Microsoft is expecting 14% in revenue gains.
Wall Street is bullish on Microsoft (MSFT) right now, as the company is expecting a 14% revenue growth for the quarter, thanks mainly to massive improvement in Azure. Also reporting to their shareholders this week are Amazon, Meta, Alphabet, and Apple. Together, they make up a large portion of stock market movement.
Meta (META) expects to rake in $49.4 billion for its quarterly earnings, and Amazon (AMZN) anticipates close to $180 billion in sales.
Stocks Rise ahead of Revenue Figures
These companies will be reporting their quarterly earnings throughout the week, but already investors are giving the stock numbers a boost. Microsoft is up 2.58% for the day, now valued at $542 per share. This is the company’s all-time high, and yet the stock is expected to grow further before the end of the year. Microsoft has been investing in cloud services and now receives a large portion of its revenue from those services.
Meta Platforms is riding the wave of positive economic sentiment, with lower than expected inflation numbers recently reported, and experiencing a stock bump of 0.12% today. Their ad revenue has been their biggest asset recently, and they have been using AI programing to target customers more effectively with ads. However, this stock could suffer from increasing regulation as well as strong competitors in the same market.
Alphabet (GOOGL) stock is up for the week as the company integrates more AI tools into searches and advertising. Their stock moved from $252 to $269 over the last five days, and it could remain bullish throughout this week as well, especially if their earnings report on Wednesday is positive. The current stock market is stable and should respond well to decent earnings statements, and investors should expect high performing stocks like these to continue to do well this week.
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