Tech Stocks had enjoyed a 2 year ride since the Covid induced crash of March 2020. With a few notable exceptions, that's over for alot of the tech stocks. It's tough times ahead as I take a look at the round of quarterly earnings for BigTech's BigNumbers.
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BigTech's Quarterly Earnings Roundup
🤔 What's the point of the CEO repeating the same scripted responses to every question?
We are in the quarterly earnings period for BigTech stocks. From what I've heard so far, the execs are working doubly hard to keep market investors calm.
I get that (twas ever thus and all that). But it's a tightrope of credibility. One slip and you're gone. As an investor myself in these stocks, I also find myself asking the question; "what's the point of CEO repeating the same scripted responses to every question?".
Overall the markets are down. As of mid-March, the stock market's 2 year Covid-comeback had all but faded away. The Nasdaq's closing level this week was a year-end low, a 22% drop from the November peak.
Maybe it's the inevitable correction that we've been expecting.
Here's a roundup of the top tech stocks that reported over the past week or so.
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