VIDEO: Bracing for the Big 'Slug' of Tech Earnings
Why we’re focusing on not only capital spending but margins, backlog and upcoming developments.
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Chris Versace is zeroing in on guidance from Magnificent Seven earnings reports in his latest video chat with the Schwab Network's Nicole Petallides.
Microsoft (MSFT) needs to show monetization and a higher backlog, says Versace. Meta Platforms (META) , meanwhile, needs to update investors on advertising strategies and give more information on subscription plans. Apple (AAPL) , however, is generally expected to have a good quarter, but Versace is a little concerned about the company's outlook, given developments in the memory market. He hopes to see an AI-enabled Siri in the near future.
Otherwise, he likes Eaton (ETN) and is closely watching CoreWeave (CRWV) and what it means for another TheStreet Pro Portfolio holding.
You can watch Chris’s conversation with Nicole here.
At the time of publication, TheStreet Pro Portfolio was long AAPL, MSFT, META and ETN.
