Stock Markets Remains Shaky As Some Big Stocks Slipped

 

According to the analyst from Crypto BitTribute Some of the biggest tech companies including Apple have revealed their fourth-quarter financial reports and their earnings. And the next day the share price of Apple, Amazon and Alphabet Inc declined.

A deluge of Big Tech earnings could put a damper on the Nasdaq Composite's strongest start to the year since 1975.

As the trading closed for this week, the share of Apple, Amazon and Alphabet slipped by 4%-5%.

Investors need to understand that the U.S Federal Reserve’s remarks about weaker inflation and the fed’s take on the interest rate also played manipulated the market outlook.

Why The Share Price of Apple Declined?

Apple failed to exceed Wall Street revenue and profit projections for its four-quarter earnings.

Most notably the sales of its newly launched smartphone series iPhone 14 fell behind market expectations. This has posed a series of new questions regarding the future of the iPhone and its price range.

 Moreover, experts are also concerned that at a time when consumer spending power is continuously declining how iPhone’s demand will hold up to that.

As of now, Fed’s hoping that inflation will not be a problem for the product market, which is why there is no need for a high-interest rate hike, but increasing the policy rate is on the cards.

If U.S. Federal Reserve decided to increase the interest rate this would further damage the consumers’ spending power. Hence, Apple’s senior leadership has thought about their pricing strategy.

Market experts are still surprised over the decline in Apple share price, despite all the positive technical indicators the price of Apple shares has slipped. Majority of the Wall Street experts are still positive about Apple’s shares.

But they have also advised that the company should consider global consumer spending before finalizing the price of its upcoming products.

Google Partner Alphabest Also Gave Up

Talking of Alphabet Inc., the fourth quarter earning report of Alphabet Inc showed that the company suffered due to less spending on its advertisement.

The company’s revenue growth was much more sluggish than Wall Street expectations and the company’s earnings also missed big time.

The company’s revenues from YouTube declined by 7.8%. Commenting on Alphabet's financial performance, the experts argued that this was not the performance that investors were expecting.

As of this writing, Alphabet’s share price is $104.78. According to experts for the next 12-month company’s share can target the $125 mark. The highest it can reach is the $160 mark and the low it can go is $93.

However, 49 best analysts on Wall Street have still urged investors to buy the company’s stock. They have also advised that the company’s senior leadership invest more in its advertising

Amazon’s Earnings Were Mix

The fourth quarter financial report of Amazon was mixed, the company has fulfilled some of the expectations of Wall Street experts and on some fronts, Amazon failed to fulfil the expectations.

The company’s sales were greater than expectations, but its profits fell shorter than the expected profits.

Amazon suffered a significant loss on its investment in electric-truck manufacturer Rivian Automotive.

In addition to that, Amazon’s earnings from its video streaming platform Amazon Prime also fell shorter than expectations.

The current share price of Amazon is $103, according to expert analysis for the next 12 months the median price range for Amazon share is $134, however, the higher it can go is $171.

The lower price range for Amazon share in the next 12 months is $80. Experts have predicted that in the next 12 months, Amazon's share can gain +29.62%.

Experts have advised investors to invest in Amazon share and are hopeful for better financial next quarter. However, Meta was the biggest victor among the IT tech giants as it shares soared 23%.

The Nasdaq Stock Exchange ended the week with more than a 3% gain. Even though some of the biggest IT companies' share prices declined, NASDAQ started the year in the best possible way.