(MSFT) Microsoft and (GOOGL) Alphabet's (Google) Earnings Announcements Due Later Today
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Summary:
- Tech stocks Google and Microsoft expected to make their earnings announcements today.
- China and the lockdowns effect on the overall economy.
Will Microsoft be able to weather the current economic storm?
The markets took a hit with the prospects of further lockdowns in China and the possible ripple effects that can come from a slowing of China’s economy.
The price of Microsoft stocks are up today in anticipation of the company’s earnings announcement due after the market closes today. The markets took a hit with the prospects of further lockdowns in China and the possible ripple effects that can come from a slowing of China’s economy.
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With the current market already taking hits from the current economic conditions regarding inflation and general uncertainty, the added prospect of a weakening Chinese economy is causing the stock market to be volatile as investor sentiment changes.
Microsoft Equity Share Price
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Investors going long on Google in anticipation for this evening's earnings announcements.
Investors are waiting with anticipation in light of the earnings announcement due from the CEO of Google later this afternoon.
There is a bullish market sentiment on this stock as investors hope that Google will meet market expectations, this market sentiment is driving the price of Google stocks up by more than 3%.
Over the past week the price has both risen and fallen for this stock due to the volatility of the current financial markets and again the current situation in China. Investors are interested in how well companies are weathering the current economic storm.
Google Equity Share Price
Sources: Finance.yahoo.com, barrons.com.
