• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

4 Tech Stocks Set To Beat Estimates This Earnings Season

By Kurt Osterberg · On April 13, 2018

Technology sector has been the cynosure of all eyes, both for bad and good reasons, in the first quarter of 2018.

The sector received a lot of flak over a number of issues including Facebook’s data fiasco, Apple’s iPhone-battery slowdown and President Trump’s tariff imposition on Chinese imports. The hallowed FAANG stocks (Facebook, Amazon, Apple, Netflix, and Alphabet) were the worst sufferers.

However, increasing demand for cutting-edge technology such as Artificial Intelligence (AI), Augmented/Virtual (AR/VR) reality devices, autonomous cars, advanced driver assisted systems (ADAS) as well as Internet of Things (IoT) related software and hardware continues to boost the growth potential of the technology sector.

Facebook Data Fiasco: Biggest Controversy

Facebook’s data misuse scandal captured the attention of government regulators instantaneously, worldwide. The incident negatively impacted not only the social media stocks but also the overall technology sector.

The social media giant was already facing backlash over the Russian meddling into the 2016 U.S. presidential elections. The Cambridge Analytica incident has now put the company’s data practices under severe scrutiny.

Apple, Expedia, Uber, NVIDIA: All Suffered

Apple also received a lot of criticism after it revealed that software updates slowed down iPhones with older batteries.

Moreover, incidents such as the Russian hacking of computers at the 2018 Olympics as well as the security breach at Expedia division Orbitz highlighted the security loopholes currently faced by technology providers.

Further, ride-hailing service provider Uber stopped all test drives, after a driverless car crashed in Arizona, killing a pedestrian. The incident also compelled GPU provider NVIDIA to suspend all tests.

Moreover, Trump’s criticism about the company’s business practices severely hurt Amazon during the last few days of the quarter.

Additionally, European Commission’s (EC) decision to impose “digital tax” on tech companies such as Facebook, Amazon, Apple, Netflix and Alphabet has been the cause of major concern among investors.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    Bored Ape Metaverse Launch Date set for April 30

  • Finance

    Celebrity Backed NFT Collections to Invest in 2022

  • Finance

    Bored Ape Metaverse Launch Date set for April 30

No Comments

Leave a reply Cancel reply

Top Finance

  • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
  • Hedge Funds In The US Hedge Funds In The US
  • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
  • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

New Posts

  • Bored Ape Metaverse Launch Date set for April 30

    Bored Ape Metaverse Launch Date set for April 30

    April 24, 2022
  • Celebrity Backed NFT Collections to Invest in 2022

    Celebrity Backed NFT Collections to Invest in 2022

    April 24, 2022
  • Bored Ape Metaverse Launch Date set for April 30

    Bored Ape Metaverse Launch Date set for April 30

    April 24, 2022
  • Mutant Ape Yacht Club Hits 32 ETH All Time High Price Floor

    Mutant Ape Yacht Club Hits 32 ETH All Time High Price Floor

    April 22, 2022
  • Rare CryptoPunk #7756 sells for $3.2 million (1050 ETH)

    Rare CryptoPunk #7756 sells for $3.2 million (1050 ETH)

    April 22, 2022
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.