A small group of technology giants have fueled U.S. stock-market gains this year, creating high anticipation for their soon-to-be-released earnings reports.
“There is a lot riding on Big Tech earnings this week, and the names reporting have a near term track record of delivering disappointing results,” said Nicholas Colas, co-founder of DataTrek Research, in a note Tuesday. These companies “largely missed estimates” over the last four quarters yet their outperformance this year suggests their first-quarter earnings results…
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