Big technology earnings this week could offer a much-needed catalyst for a market under pressure. For the better part of the year, technology stocks have propelled the stock market higher as investors ramped up bets on the growth prospects of artificial intelligence. The expectation that the Federal Reserve would soon begin cutting rates also boosted sentiment as the year began, but recent evidence of sticky inflation has sidelined these hopes and soured the market's outlook.
mountain Shares performance over the last year "We retain some level of skepticism on Tesla's growth prospects, but also see opportunities as the company will unveil future growth drivers in the coming months, which alone may be enough to support the stock," he wrote, retaining his neutral rating.
mountain Shares this year "We continue to be encouraged by META's ability to sustain double-digit rev growth, given the combination of higher engagement from AI investments, and increasing advertiser ROI & efficiency," said Jefferies analyst Brent Thill.