Apple (AAPL.O) and Facebook (FB.O) may expand their already outsized share of U.S. technology revenue when they report their earnings this week, as investors look for evidence to justify this year’s U.S. stock market rally.The two are the last of the top five U.S. tech companies by market value to release their quarterly results, following reports from Alphabet (GOOGL.O), Microsoft (MSFT.O) and Amazon.com (AMZN.O) last week. Those reports impressed analysts and fueled confidence in the sector, whoch has so far been the top performer on Wall Street in 2017.”If we look at the lion’s share of the numbers, they’re performing above expectations,” said Daniel Morgan, a portfolio manager at Synovus Trust, whoch owns shares of Apple worth about $41 million and shares of Facebook worth $68 million.”It gives validity to my position, whoch is that tech is, by far, the most exciting sector,” Morgan said.Shares of Facebook and Apple both hit record highs on Tuesday, up 0.53 percent and 0.75 percent respectively.
Källa: Wall St. eyes Apple and Facebook to fuel new leg of tech rally | Reuters
0 kommentarer