Earnings season kicks off in earnest this week, especially for tech stocks. And that means it’s time to dust off the ol’ earnings playbook and prepare yourself for a barrage of binary events. These quarterly rituals allow shareholders to peek behind the current to see just how their companies are performing. Did they smash expectations and thus qualify for substantial overnight gains? Or did they fall short and deserve punishment? Such questions circle the minds of investors as their favorite companies step up the plate.
Right now, three heavy hitters in the technology sector are on deck. Two are hoping to continue the pace of earnings growth, which has led them to their lofty perch. The third is trying to shake off last quarter’s nightmare, which dealt a heavy blow to its share price.
Of course, the one thing tech stocks have going for them right now is sentiment. The Nasdaq rebounded valiantly last week and now sits a stone’s throw from new highs. Its six-day run has carried the index back above all major moving averages. Time will tell if the rosy optimism carries over to the post-earnings reaction for these three tech titans.
Without further ado, check out these three tech stocks earnings to trade for the week ahead.