According to Goldman Sachs, many of the indicated stocks have “dramatically outperformed” the broader stock market.
Alphabet stock has jumped 85.87% over the past year and has added 30.72% in its year-to-date record.
It is now the season of S&P 500 big tech companies reporting their first-quarter earnings. By now, about 30% of them have reported results. Nearly 88% of reporting companies beat analysts’ expectations. However, only half of them saw their stocks rise after their reports.
Strong earnings from big tech corporations are keeping the market momentum positive. However, the surge in commodity prices have fueled the fears of inflation as the consumer staples sector witnesses downward pressure.
GameStop stock has grown about 2,800% in the last twelve months, and 796.66% since 2021 began.
According to Facebook CEO Mark Zuckerberg, Apple is likely to hurt small businesses and deny users personalized services.
In its Q1 2021 results, Tesla stated that it has liquidated 10% of its total holdings in Bitcoin netting a positive income of $101 million. The company also revealed good delivery numbers while addressing issues with semiconductor and hardware supplies.
With the spike in Q1 sales, Philips now expects “low-to-mid-single-digit comparable sales growth.”
According to Dan Ives, the performance of Coinbase is a “barometer” for the growing adoption of Bitcoin and altcoins over the coming years.
Netflix stock closed 0.63% down on April 23, at $505.55, and continued to plunge after hours. However, in the pre-market trading today, NFLX shares added 0.28% to $506.95.
As Bitcoin (BTC) and Ethereum (ETH) are classified as taxable assets by the US tax authorities, the proposed capital gains tax will also impact crypto investors who have held and earned returns on their digital currencies for a year now.
As Mattel’s net sales increased in Q1, the company has expanded its outlook for the rest of the year.
The “multi-year content licensing agreement” between Disney and Sony Pictures provides the former with tremendous potential and flexibility across its platforms. In addition, it allows Sony Pictures to maximize the value of each of its films.
Credit Suisse on Thursday confirmed the loss of $275 million in Q1 of 2021. The bank further warned it expects losses to spill into Q2 following the Archegos hedge fund saga. However, it has since exited 97% of its trading positions in the hedge fund.
Chipotle expects to open approximately 200 new outlets by the end of the year.