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Excerpt:
Investors are eagerly awaiting quarterly earnings reports from big tech names this week.
Despite the recent sell-off, many big tech names still have rich valuations. Investors will want to see those valuations justified by robust fundamentals during earnings reports this week.
Microsoft (MSFT) is set to report on Tuesday. META (META) will report Wednesday after the bell. Finally, Amazon.com (AMNZ) and Apple (AAPL) will report Thursday after market close.
These names are being closely watched after disappointing reports from Google parent Alphabet (GOOGL) and Tesla (TSLA) last week. Investors will be looking for more than just a strong showing on the top- and bottom-line, according to Christine Short, Head of Global Corporate Earnings Research, Wall Street Horizon, a TMX Company.