On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney recaps the tech sector’s performance in Q2 earnings season thus far and highlights the upcoming reports of Apple AAPL, Square SQ, and Activision Blizzard ATVI.
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Tech stocks were battered again on Monday as investors continued to display hesitation in the face of some disappointing reports. Some sector leaders have impressed, and growth has been robust, but sluggish guidance and rising costs have hammered some of Wall Street’s top tech stocks.
Now, the focus turns to this week’s upcoming reports, which will include mega-behemoths and trendy growth companies alike.
On Tuesday afternoon, consumer electronics pioneer Apple will file its latest quarterly results, while popular payments firm Square will report on Wednesday. Later in the week, video game giant Activision Blizzard will get in on the action.
Quarterly revenue growth for Apple is projected to touch 15%, leading some investors to believe that this report will be the catalyst that sends the company to $1 trillion. Nevertheless, others are worried that Apple is losing ground in key markets.
Square is likely to continue its impressive earnings growth streak, and the company has already raised its own guidance for the soon-to-be-reported quarter, but trendy tech stocks were sold off hard on Monday.
Activision Blizzard has successfully rolled out its Overwatch League, which should increase e-sports revenue and brand notability. However, the company faces extreme competition from the likes of Epic Games’ Fortnite.
Ryan explores all of these pros and cons, and more, only on today’s Tech Talk Tuesday!
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