S&P 500 tech companies are expected to report a 1.1% Y/Y drop in Q4 earnings, their first...
S&P 500 tech companies are expected to report a 1.1% Y/Y drop in Q4 earnings, their first decline since Q3 '09, per Thomson Reuters. A chip industry downturn, weak PC and home electronics sales, and (important given the company's size) Apple's expected EPS decline are all playing a role. Nonetheless, low valuations for many tech names have attracted bargain hunters; Merrill believes tech stocks are collectively undervalued by 32% on a forward P/E basis, and claims every tech industry outside of IT services is trading at a historical discount.
Are you Bullish or Bearish on ?
Results for ()
Thanks for sharing your thoughts.
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs