Not exact matches
Alphabet shed nearly 5 percent Tuesday after reporting first quarter earnings Monday, as Wall
Street analysts warned of a less profitable near - term for the
tech giant.
Since Amazon has said little about its strategy (it ignored my requests for comment), Wall
Street analysts and
tech writers have filled the void with conjecture.
Wall
Street analysts are looking for top and bottom line growth from
tech companies Adobe Systems and Ciena, from Costco Wholesale and from homebuilder Toll Brothers Inc (NYSE: TOL).
A concentrated group of massive
tech companies has led the S&P 500 to a 9.6 % gain in 2017 (through June 19).3 Some Wall
Street analysts had expressed concerns about the disproportionate market returns and high valuations of well - known technology shares prior to the sell - off, which might have sparked investor jitters.4
Wall
Street analysts and the business media often refer to well - known
tech giants Facebook, Apple, Amazon, Netflix, and Google (now officially Alphabet) collectively with the acronym FAANG.
But Wall
Street often has high expectations for growth stage
tech stocks like Spotify, reminds
analyst Mark Mulligan, and falling short can result in a tumbling stock price, even if the growth trend is solid.