• Ballestas Group

Big Tech Earnings

The corporate earnings season in the United States moved at the pace of the big technology companies Among them Apple, Amazon, Alphabet, Microsoft and Meta Google presented a sharp drop in earnings. From Meta they declared that advertising sales, the heart of the business, have cooled down. For its part, Amazon is holding back on expanding its warehouse operations, suspending new leases and delaying operations. Microsoft presented its lowest historical growth rate and estimates a slowdown, at least until the end of the year. With 53 of the S&P 500 companies having reported, it is concluded that energy is the sector that best defends itself, sustaining the positive result.

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