Meta

After an underwhelming start to earnings from the magnificent 7, Microsoft, Meta, Apple, and Amazon will release earnings this week.

Meta beat earnings and revenue forecasts with EPS of $4.71 on revenue of $36.46 billion. However, the share price has slumped after weaker revenue guidance and higher spending plans. The selloff has hit sentiment and dragged other tech stocks lower. Meanwhile, the US Q1 GDP was weaker than expected, at 1.6%, annualised. However, core PCE inflation rose more than expected across the quarter. The Dow Jone analysis sees the price testing support at 38000,

Meta comfortably beat expectations in the latest quarter, but investors are worried about the outlook for 2024.

Meta’s core social media business will need to impress if it wants to alleviate pressure on its experimental and costly new projects.

There is a mixed reaction to results out from Microsoft and Alphabet, with eyes turning to earnings out from Meta later today.

This could be a big quarter for Meta, but will it be able to meet high expectations?

Find out what to expect from Apple, Microsoft, Meta, Alphabet and Amazon this season and whether they can keep outperforming.

Apple, Microsoft, Alphabet, Meta and Amazon will decide how the Nasdaq 100 performs considering they make up 44% of the tech-heavy index.