Investors question buying Meta Platforms, Amazon, and Alphabet before earnings reports, anticipating volatility.

From Nasdaq: 2024-07-26 10:00:00

Investors are questioning whether to buy big tech/AI stocks like Meta Platforms, Amazon, and Alphabet ahead of earnings, or wait. The Nasdaq tumbled as tech earnings season started, with concerns about more selling and volatility. Meta grew daily active users by 7% in Q1 and is heavily investing in AI. Amazon remains a powerhouse in e-commerce, cloud computing, and advertising, with CEO Andy Jassy focusing on boosting earnings. Amazon stock is trading below its highs and Zacks price target, making it a potentially attractive buy. Both Meta and Amazon are solid long-term buy-and-hold candidates, but investors should be prepared for near-term volatility.



Read more at Nasdaq: Zacks Investment Ideas feature highlights: Meta Platforms, Amazon and Alphabet