How To Trade Tech Earnings Results

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Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.

2020 has seen technology become a safe haven for lots of investors. But as the mega-cap tech stocks released earnings yesterday, has the bubble burst?

Here’s a quick summary of investor sentiment for the big tech companies this morning:

Apple Inc. (NASDAQ:AAPL) – Apple reported Q4 revenue of $64.7 billion or 73 cents per share, compared with estimates of $63.7 billion or 70 cents per share. Apple announced the iPhone 12 several weeks after its expected release date, which resulted in a decline in 20.7% sales.

Facebook, Inc. (NASDAQ:FB) – Facebook beat analyst estimates for quarterly revenue as its digital advertising tools were increasingly used during a pandemic. Q3 earnings of $2.71 per share on revenue of $21.5 billion. The consensus earnings estimate was $1.94 per share on revenue of $19.6 billion.

Amazon (NASDAQ:AMZN) The online retailer reported Q3 earnings of $12.37 per share on revenue of $96.1 billion. The consensus earnings estimate was $7.30 per share on revenue of $92.8 billion. Yearly sales and profits increased by 37% and almost 200% respectively. Keep in mind that it doesn’t include Prime Day.

Google (NASDAQ:GOOG) (NASDAQ:GOOGL) Google’s parent Alphabet opened higher following Q3 earnings that easily surpassed estimates. Revenue because of the increased ad spend in Search and YouTube. Revenues rose 14% to $46.17 billion. 

Twitter Inc (NYSE:TWTR) Twitter is one of the hardest-hit companies in the sector. Shares tumbled after the platform’s user growth was disappointed. The revenue beat analyst expectations however, as ad sales rose with the return of sports and other events. 3rd Quarter earnings were $12.37 per share on revenue of $96.1 billion. The consensus earnings estimate was $7.30 per share on revenue of $92.8 billion.

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Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.