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. ...
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For further details see:
IXN: Global Tech Earnings In Focus, Bullish Trends