Technology

The Zacks Analyst Blog Highlights: Amazon, Apple, Starbucks, Facebook and Google

For Immediate Release

Chicago, IL – July 27, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon AMZN, Apple AAPL, Starbucks SBUX, Facebook FB and Google GOOGL.

Here are highlights from Friday’s Analyst Blog:

How to Play the Coming Week's Hair-Raising Earnings Schedule

We just made it through the first week of Big Tech earnings but not without a few bumps and bruises. Tech investors are beginning to get wary about a potential peak being hit after 4 months of relentless returns.

Despite a big top and bottom-line beat, Microsoft’s sell-off from marginally soft forward guidance has investors of all sizes pulling profits. This sell-off rippled across all tech with Amazon and Apple both losing around 8% of their value since last Monday morning.

Now investors are looking towards a new week, which is expected to be the height of excitement amid this summer earnings season. I look forward to earnings reports from Starbucks, Facebook, Amazon, Apple, Google and a cornucopia of other critical names. Below is a chart of when and what to expect from the hottest companies next week.

Should Investors Be Worried?

The over 5% pullback in the Nasdaq 100 this week removes some of the downside potential from the table, but I still think there is more room to fall. Pandemic-driven bankruptcies are just beginning to swell across the economy with the lion’s share of the pain being borne by small to medium-sized businesses (SMBs). Another uptick in cases and deaths around the US points to this struggle being far from over.

Investors have discounted the impact that SMBs have on tech's returns. SMB is a very unpenetrated segment as far as tech's addressable market is concerned and represents substantial growth potential for these firms. If this space disappears, it could mean much slower growth rates for these innovation-driven companies than what investors have already priced in.

I have been trading QQQ puts throughout the first couple weeks of this earnings season and will continue to do so to hedge my tech-heavy portfolio.

The Takeaway 

If you take one thing away from this article: BE CAREFUL with your investment decisions these next couple of weeks. Don't try to game earnings unless you are merely doing so to get your gambling fix. We do not know what lies ahead for equities.

We are trading in uncharted waters. There appears to be a rotation out of tech and into more cyclical names the past few weeks, and this trend may continue through the next weeks of earnings.

This should be a time for assessing risk/reward ratios for all the stocks in your portfolio. This next week will be very telling on which direction the markets are headed next.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.


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Amazon.com, Inc. (AMZN): Free Stock Analysis Report

Apple Inc. (AAPL): Free Stock Analysis Report

Starbucks Corporation (SBUX): Free Stock Analysis Report

Facebook, Inc. (FB): Free Stock Analysis Report

Alphabet Inc. (GOOGL): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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