Bulls see earnings paving the way for more outperformance in 2023
Next week will bring more earnings from the big tech companies that drive the Nasdaq 100.
Photographer: Angus Mordant/BloombergLisa Abramowicz
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Tech was supposed to die this year as a leader for US equity indexes. Instead, the opposite happened, with a full resurrection of Faang dominance. And there's more to go, according to Dan Ives of Wedbush Securities, who points to next week’s quarterly results as a catalyst.
“We're bullish going into earnings,” Ives said. Thinking about the Faangs in particular, “These are stocks that could be up 15, 20% for the rest of the year led by Apple.’’
