Apple Inc. and Microsoft Corporation, which released their quarterly earnings data last week have set a positive tone for the upcoming week, which will see other tech stalwarts release their own numbers.
What Happened
Wedbush analyst Dan Ives said in a recent note that tech stocks “way oversold on Fed fears.”The analyst noted a wide array of negative issues like the expected interest rate hikes from the Federal Reserve and the Russia-Ukraine geopolitical tensions. He said these have created a “perfect storm sell off” in tech stocks over the last month.
