All eyes turn to ‘megacap’ tech stocks

All eyes turn to ‘megacap’ tech stocks
Staff reporters
The big guns of Apple, Microsoft, Tesla and Facebook will report their results this week.The Apple result will be of particular interest given the tech giant’s fourth quarter earnings disappointed, held back by the October release of the latest iPhone. Analysts expect Apple to cash in on pent up demand for its newest phone when it releases its 2021 first quarter earnings in the middle of this week.Apple shares were trading near US$142.90 at about 7.30am NZ time, up some 2.7 percent. Overall, the Nasdaq was up about 0.45 percent, or 58 poi...

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