Tech Stocks Could Be in Pain This Earning Season! Why?

With Morgan Stanley and JP Morgan be prepared to release second-quarter financial results on Thursday, the earning season is coming.

Now that the US stocks had its worst half-year performance since the 1970s, will the second half be better? Wall Street is not very optimistic!

According to the Barron's, for US technology stocks, investors may face more pain with the arrival of earnings reports.

The Satori Fund’s Dan Niles thinks that results and guidance will be “a hell of a lot worse than people are thinking.” Baird's technology desk sector strategist Ted Mortonson says for chip companies, it could be common that their second-quarter earnings and third-quarter guidance fall short, and the market may see another 15% to 20% decline in chip stocks from now on. The weakness in Personal Computers (PC) market could also trigger a rare earnings miss. Markets like video streaming, e-commerce, and online media he their own problems. For consumer internet sector, things may be even worse than what Wall Street thought. Recession fear still plays an important role.伤口老是不愈合怎么办
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