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Zacks News
Stock Market News for Jan 23, 2023
by Zacks Equity Research
U.S. stocks closed sharply higher on Friday after briefly losing the momentum of the January rally earlier in the week, as investors digested mixed earnings reports from a batch of companies. The rally was driven by tech stocks.
Investors Are Betting on Tech Again
by Sejuti Banerjea
Tech stocks rose significantly in the last trading recession, and for good reason.
Tech Shows Initial Signs of Revival: Trend Likely to Continue
by Nalak Das
Technology behemoths like AAPL, MSFT, META, GOOGL and NVDA are currently trading at huge discount from their respective 52-week high levels.
10 ETF Ideas for 2023
by Neena Mishra
We discuss best investment themes for the year.
Factors Setting the Tone for Celestica (CLS) in Q4 Earnings
by Zacks Equity Research
Celestica's (CLS) Q4 earnings are likely to have benefited from strength in the ATS segment and the HPS business despite soft demand from OEM customers.
Will Lower Business Revenues Dent Verizon (VZ) Q4 Earnings?
by Zacks Equity Research
The Business segment of Verizon (VZ) is likely to have recorded year-over-year lower revenues owing to a challenging macroeconomic environment and rising inflationary pressures.
Meta Platforms, Inc. (META) Is a Trending Stock: Facts to Know Before Betting on It
by Zacks Equity Research
Recently, Zacks.com users have been paying close attention to Meta Platforms (META). This makes it worthwhile to examine what the stock has in store.
Will Lower Latin America Revenues Dent AT&T (T) Q4 Earnings?
by Zacks Equity Research
The Latin America segment of AT&T (T) is likely to have recorded year-over-year lower revenues owing to a challenging macroeconomic environment and rising inflationary pressures.
Can Higher Communications Revenues Aid AT&T (T) Q4 Earnings?
by Zacks Equity Research
The Communications segment of AT&T (T) is likely to have recorded year-over-year higher revenues owing to a healthy momentum in the wireless business.
Factors Likely to Decide CACI's Fate This Earnings Season
by Zacks Equity Research
CACI's Q2 results are likely to benefit from disciplined business development actions, consistent operational excellence and high customer satisfaction.
Previewing Microsoft Earnings as Expectations Soften
by Ethan Feller
The past year has not been easy for MSFT investors. The stock price is down 22% over the last 12 months, underperforming the S&P 500 over that same period.
Will Top-Line Contraction Affect Intel (INTC) Q4 Earnings?
by Zacks Equity Research
Intel (INTC) is expected to have recorded year-over-year lower revenues due to a fall in sales in the Client Computing Group and Datacenter and AI Group.
Will Contraction in Revenues Affect IBM's Earnings in Q4?
by Zacks Equity Research
IBM is expected to have recorded lower aggregate revenues year over year owing to a challenging macroeconomic environment and softness in traditional businesses.
F5 (FFIV) Gears Up for Q1 Earnings: What's in the Offing?
by Zacks Equity Research
F5's (FFIV) Q1 performance is likely to have benefited from the hybrid work environment and the ongoing digital transformation wave, which is boosting the demand for secured communication networks.
What's in the Offing for Logitech (LOGI) in Q3 Earnings?
by Zacks Equity Research
The declining demand for PCs is likely to have hurt Logitech's (LOGI) peripheral sales in the third quarter of fiscal 2023.
Here Come the FAANG Earnings Charts
by Tracey Ryniec
The market's "sure things" fell from grace in 2022. Will 2023 be the year for a rebound?
Roblox's (RBLX) December Metrics Indicate Promising Growth
by Zacks Equity Research
Roblox (RBLX) sees increased engagement as estimated bookings and daily active users show growth for December.
Microsoft (MSFT) Might Cut 11,000 Jobs Amid Market Turmoil
by Zacks Equity Research
Microsoft (MSFT) employees are facing yet another bout of job cuts as tech giants continue to fire staff amid persisting challenges to global economy.
Meta Platforms (META) Dips More Than Broader Markets: What You Should Know
by Zacks Equity Research
Meta Platforms (META) closed at $135.36 in the latest trading session, marking a -1.18% move from the prior day.
Will Top-Line Contraction Affect AT&T's (T) Earnings in Q4?
by Zacks Equity Research
AT&T (T) is likely to have recorded lower revenues year over year despite improving market conditions due to continued infrastructure investments for 5G rollout.
Can Modest Revenue Growth Propel Verizon (VZ) Q4 Earnings?
by Zacks Equity Research
Verizon (VZ) is expected to have recorded higher aggregate revenues year over year, buoyed by the positive momentum in its core wireless business.
Microsoft (MSFT) 365 is Adding a New $1.99/Month Basic Tier
by Zacks Equity Research
Microsoft (MSFT) announces its plans to launch a new Microsoft 365 Basic tier later this month which is going to cost $1.99 per month (or $19.99 per year).
Arhaus and Ally Financial have been highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
Arhaus and Ally Financial have been highlighted as Zacks Bull and Bear of the Day.
Meta Platforms (META) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Meta Platforms (META) closed at $132.89 in the latest trading session, marking a -0.08% move from the prior day.
Checking In on Social Media Stocks
by Derek Lewis
As social media quickly gathers attention across the globe, so do the companies responsible for these applications. And in 2022, they had a pretty rough showing amid a challenging macroeconomic group. How do they currently stack up?