Reported 5 months ago
Barclays strategist Venu Krishna discusses the challenges that big tech companies like Amazon, Apple, Alphabet, Nvidia, Meta, Microsoft, and Tesla may face in terms of earnings surprises as optimism becomes baked into analysts' estimates, potentially making it more challenging for these market drivers to continue surprising and raising expectations. As Nvidia gears up to report its latest earnings, its performance will be closely watched to gauge the broader market's direction, with attention also on key economic indicators like the CPI and non-farm payrolls. The market's sensitivity to CPI prints is noted to be at a 25-year high, with a focus on how equity markets may react to changes in the rates market. Additionally, the market is looking for signs of broadening beyond big tech to gain confidence in future market performance.
Source: YAHOO