Big Fish! 📱
If you’ve been holding big tech stocks through, 2020 and 2021, you’ve been in for some big gains. Through the virus, legal controversies, and more, tech stocks have held strong. This was in large part because the pandemic boosted their products and services as people began working, schooling, and entertaining themselves from the comfort of their home. For Apple, big moves are being made on their iPhone and Macs, and recently Microsoft released their Xbox Series X, a product expecting strong demand.
When looking at a more macro-view, the best performing sectors in the stock market include consumer discretionary, industrials, and energy. Overall, more than a fifth of the S&P 500 are expected to provide their quarterly updates starting Monday the 25th.
Some key companies to keep an eye on when it comes to earnings include: Starbucks, McDonald’s, Verizon, AT&T, and 3M Co. Despite all this some bears are quick to point out that tech stocks have risen too fast and too far, and a pullback may be imminent. Even with this factored in, however, there doesn’t appear much in the way in the long term for these absolute freight trains of stocks.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.
Originally published at https://invstr.com on January 25, 2021.