So far this year, tech stocks have been the most stellar performers. The Nasdaq Composite has gained 14%, besting both the S&P 500 Index and Dow Jones Industrial Average. And that number comes despite a recent reversal: The Nasdaq hit an all-time high last Friday, then posted its biggest drop since February.
At this stage in the season, 99.6% of companies in the S&P 500 have released their first-quarter earnings. As we head into Q2, the estimated earnings growth is 6.6%, with most of the gains coming from energy.
Performance within the tech sector, though, is naturally quite varied. With three Big Tech names set to post earnings next week, let’s take a look at which are prepared to ride the sector’s overall momentum.