Top Tech Earnings to Watch: Microsoft, Alphabet, and Coca-Cola
Tech Stocks Recover as Bond Yields Ease
Tech stocks made a comeback on Monday, bouncing back from earlier losses as bond yields took a breather. Investors are eagerly awaiting tech earnings this week.
After a promising start to the year, tech stocks have soared on the back of artificial intelligence technology. Now, investors are also looking for updates on cloud computing and efficiency efforts.
While the stock market initially rose above 5% on Monday, it settled back to around 4.85% by the end of the trading session.
Fed Officials Monitor Bond Yields
Federal Reserve officials have recently hinted that higher bond yields could have a similar effect as interest rate hikes in cooling down the economy. With a 98% probability of interest rates staying steady in November and a 74% probability in December, futures traders are closely watching the upcoming gross domestic product reading for the third quarter and Friday’s inflation report.
The Fed will use these reports to make informed decisions about the economy.
Microsoft’s Anticipated Earnings
1. Microsoft Earnings
Microsoft Corporation, the software giant, is set to report earnings per share of $2.65 on revenue of $54.5 billion. Analysts are eager to hear updates on Microsoft’s recent deal with Activision Blizzard and its AI-related projects.
Alphabet’s Earnings Announcement
2. Alphabet Reports
Google-parent Alphabet Inc Class C is also releasing its earnings after tomorrow’s closing bell. Analysts are expecting earnings of $1.45 per share on revenue of $75.9 billion.
Coca-Cola’s Performance Update
3. Coca-Cola Earnings
The beverage giant Coca-Cola Co is expected to report earnings of 69 cents per share on $11.4 billion in revenue. Analysts will be looking for insights into consumer tolerance for price hikes and overall demand.
This week’s tech earnings reports hold significant weight for investors. With Microsoft, Alphabet, and Coca-Cola on the radar, market watchers eagerly await updates on their financial performance and strategic initiatives.