Which technology stocks are worth investing in | IG
October 28, 2016 8:51 am
It’s been a bumper week for tech stocks with the US titans out in force publishing a mixed picture. Alphabet (previously Google), Amazon, Twitter and Apple all produced numbers and James Bevan from CCLA picks his favourite. Amazon posted third-quarter earnings per share of 52 cents on revenue of $32.71 billion. Twitter beat estimates after reporting $616 million in revenue and an adjusted profit of $0.13 a share. Alphabet also beat with adjusted earnings per share of $9.06 on revenue of $18.27 billion. The company also announced that its board authorized a $7 billion share repurchase plan.
While Apple beat on earnings per share and iPhone units sold it missed estimates when it came to revenue. Bevan also discusses Samsung after profits fell 30% on the Note 7 fiasco.
IG is a global leader in retail forex, providing fast and flexible access to over 10,000 financial markets – including indices, shares, forex, commodities and digital 100 binaries. Established in 1974 as the world’s first financial spread betting firm, we are now the world’s No.1 provider of CFDs (Contract for Difference) and a global leader in forex. We also offer an execution-only share dealing service. All trading involves risk. Please take care to manage your exposure.
The comments in this video do not constitute investment advice and IG accepts no responsibility for any use that may be made of them.
It’s been a bumper week for tech stocks with the US titans out in force publishing a mixed picture. Alphabet (previously Google), Amazon, Twitter and Apple all produced numbers and James Bevan from CCLA picks his favourite. Amazon posted third-quarter earnings per share of 52 cents on revenue of $32.71 billion. Twitter beat estimates after reporting $616 million in revenue and an adjusted profit of $0.13 a share. Alphabet also beat with adjusted earnings per share of $9.06 on revenue of $18.27 billion. The company also announced that its board authorized a $7 billion share repurchase plan.
While Apple beat on earnings per share and iPhone units sold it missed estimates when it came to revenue. Bevan also discusses Samsung after profits fell 30% on the Note 7 fiasco.
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IG is a global leader in retail forex, providing fast and flexible access to over 10,000 financial markets – including indices, shares, forex, commodities and digital 100 binaries. Established in 1974 as the world’s first financial spread betting firm, we are now the world’s No.1 provider of CFDs (Contract for Difference) and a global leader in forex. We also offer an execution-only share dealing service. All trading involves risk. Please take care to manage your exposure.
The comments in this video do not constitute investment advice and IG accepts no responsibility for any use that may be made of them.
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