Will Upcoming Tech Earnings Encourage Investors to Rotate Back In? - News Summed Up

Will Upcoming Tech Earnings Encourage Investors to Rotate Back In?


Sign up for our FREE newsletterand receive our best trading ideas and researchLeave this field empty if you're human:As a result of these early earnings results, other mega cap tech names such as NVDA, META and AAPL fell in sympathy. Despite the recent rotation out of tech, many of these names still have very rich valuations and investors want to see that they are justified by strong fundamentals. Thus far, the trend of investors rewarding positive surprises less than usual and punishing negative surprises more than usual remains in play. McDonald’s Corp (MCD)Company Confirmed Report Date: Monday July 29, BMODateBreaks Factor: -2*McDonald’s Corp is set to report Q2 2024 results on Monday, July 29. The Boeing Company (BA)Company Confirmed Report Date: Wednesday July 31, BMODateBreaks Factor: -2*Boeing is set to report Q2 2024 results on Wednesday, July 29, the latest they’ve ever reported for Q2, but still sticking with their Wednesday reporting trend.


Source: Wall Street Journal July 29, 2024 17:08 UTC



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