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Economy Down Tech Up. The New World?
Well this is very interesting. Meta leapt 15% in one day on a better than dire expectations result. A relief to be sure, but 15%?Microsoft, a company with moderate single digits growth is now trading at 30 times earnings?Amazon has also beaten low expectationsIn all of these cases the results are definitely better than expected, but as I keenly remind people every reporting season, it is in the interest of mature companies to low-ball their forward guidance. In the first instance this keeps the...
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Posted: Apr 28 2023, 08:25
Author Name: forexlive
Views: 110557