UBS has downgraded six major technology companies - Apple, Amazon, Alphabet, Meta, Microsoft, and Nvidia - from 'Overweight' to 'Neutral' due to difficult comps in their upcoming earnings. This significant shift in investment stance is attributed to a potential collapse in profit growth momentum through 2024, according to UBS Global Research strategists. These companies, often referred to as the Big Six Tech+ stocks, are pivotal in the S&P 500's performance, with their earnings heavily influencing the index's overall results.
Big tech is dominating earnings season: Excluding the top 5 earnings contributors, S&P 500 earnings are expected to fall 6% in Q1 2024. The largest estimated net income contributors are Nvidia, Amazon, Meta, Google, and Microsoft. Meanwhile, these 5 companies' earnings… https://t.co/iCFoKquAFO
⚠️ PROFIT MOMENTUM OF BIG SIX TECH COMPANIES TO 'COLLAPSE' OVER 2024, UBS SAYS Full Story → https://t.co/gDhNgDL8M5 Profit growth momentum of the so-called Big Six technology stocks could "collapse" over the next few quarters, UBS Global Research strategists said on Monday,… https://t.co/Jtenu38tZK
UBS today downgraded all of these stocks to Neutral from Overweight: Microsoft $MSFT, Apple $AAPL, Nvidia $NVDA, Google $GOOGL, Amazon $AMZN, and Facebook $META
UBS Downgrade: The top 6 tech stocks, $AAPL Apple, $AMZN Amazon, $GOOG Alphabet, $META Meta, $MSFT Microsoft and $NVDA Nvidia, face difficult comps in their upcoming earnings results
UBS downgrades Apple, Amazon, Alphabet, Meta, Microsoft and Nvidia (Big 6 Tech+ stocks) from Overweight to Neutral The fun times begin! $QQQ $SPY