So which will it be? Another banner year for tech stocks, or a period of disappointment? The next couple of weeks will provide investors plenty of clues.
Technology stocks in general enjoyed a good 2014, but the first couple of weeks of the new year have brought a sense of uncertainty. Now, as many companies in the sector gear up for the quarterly ritual of earnings announcements, investors will be scouring numbers for any signs to dispel uncertainty.
Analysts are expecting all earnings in the S&P 500 to rise a mere 1.1% in the quarter, according to Factset. For tech stocks, the growth will be slightly better: up 2.3%. Tech companies themselves aren’t feeling terribly confident: Of the 24 tech companies in the S&P 500 that have offered earnings guidance to investors, only four have given positive guidance, while 20 are taking a more cautious stance.
Factset was forecasting…
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