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home / news releases / IXN - IXN: Global Tech Earnings In Focus Bullish Trends

IXN - IXN: Global Tech Earnings In Focus Bullish Trends

iShares Global Tech

2024-04-29 11:49:45 ET

Summary

  • Q1 earnings season continues with Amazon and Apple set to report results this week.
  • iShares Global Tech ETF offers exposure to global technology stocks with reasonable valuation and favorable seasonality.
  • IXN's long-term technical pattern suggests further upside potential, despite potential near-term pullback.
  • While the fund sports a high-20s P/E, EPS growth estimates warrant such a premium valuation.

The Q1 earnings season presses on this week. Amazon (AMZN) and Apple (AAPL), the last of the “Magnificent” stocks, are set to report results. First-quarter numbers also come out from many major non-US companies. In fact, according to Wall Street Horizon, next week is the busiest week for global firms. Following a strong comeback week for tech stocks, the bulls’ mettle will be tested over the coming days and weeks. ...

For further details see:

IXN: Global Tech Earnings In Focus, Bullish Trends
Stock Information
Company Name: iShares Global Tech
Stock Symbol: IXN
Market: NYSE
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