nasdaqsnps
Technology names rallied yesterday after Meta Platforms Inc (NASDAQ:META)’s results showed it beat its forecasted estimates despite a slowing economy, with a surge of 13.9% after the release, even with the economic slowdown and high inflation. Technology companies like Microsoft Corp (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOGL), which reported results earlier this week, gained more than 3%, and Intel, which beat expectations, is set to open up 6% higher. This tells us that investors may be willing to take on risks in the market as the technology sector is most closely associated with “risk,” ...
ValueWalk
Chip software maker Synopsys has been forming a potentially constructive consolidation since its first-quarter earnings report on February 15.On February 23, Synopsys initiated an accelerated $300 million share buyback program, to be completed before May 12.Analysts have a “moderate buy” rating on the stock.Wall Street expects double-digit earnings growth in 2023 and 2024.5 stocks we like better than SynopsysShares of chip design software maker Synopsys Inc. (NASDAQ:SNPS) have been forming a potentially constructive consolidation since its first-quarter earnings report on February 15. Q4 2022 ...
ValueWalk
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