Earnings Continue to Roll In On The Stock Market
Quarter 1 earnings continue to roll in from companies traded on the stock market. In addition to reporting earnings, though, companies are also reporting on their earnings estimates for later in the year. And that is affect stock market performance as well. One example is Apple (AAPL), which is down this morning, despite solid quarter 1 earnings.
Tech sector stocks
Apple is but one example of how tech sector stocks are taking a bit of a beating today. Amazon’s (AMZN) lackluster performance in terms of its operating margin are also offsetting its Quarter 1 earnings report. Other struggling tech sector stocks include IBM (IBM), Intel (INTC) and Dell (DELL). The Nasdaq is falling this morning due to tech sector stocks. Even Google (GOOG) is down this morning.
Of course, the news isn’t all bad for the tech sector stocks. Microsoft (MSFT) is making a bit of a turnaround this morning after falling initially.
Other quarter 1 earnings news
Starbucks (SBUX) is reporting that it is concerned about consumers. After all, one of the first things to be cut in difficult economic times are small luxuries. It is possible that quarter 1 earnings — and earnings for the rest of the year — will be impacted due to a decrease in consumer spending.
Ford (F) is making a comeback, with sales in South America and Europe helping to boost quarter 1 earnings and offset the losses the company is sustaining in North America.
Consider earnings news as you think about investments on the stock market today. They could affect movements in the future. And if you think that a company might recover, now could be the time to buy — while the stock price is down.
Disclaimer: I am not an investment professional. Nothing in this piece or on this Web site should be construed as investment advice. Before making investment decisions, do your own research and/or consult with an investment professional. All investment comes with the risk of loss.
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quarter 1 earnings, MSFT, earnings reports
