Steve Sosnick, Interactive Brokers’ Chief Strategist, discusses the recent outcomes of earnings releases.
There have been some outliers that have seen some harsh results such as GrubHub (GRUB) and Beyond Meat (BYND).
Have investors become more skeptical which companies are really tech stocks?
Photo Credit: TLC Jonhson via Flickr Creative Commons
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Early in the week, markets notched steady gains as investors awaited key economic indicators and monitored ongoing trade discussions. Megacap tech names—particularly AI chipmakers—led the broader market higher, as sentiment stayed bullish on prospects for a U.S.-China trade deal.
