CNBC Pro: What one tech fund manager is expecting from Apple and Alphabet earnings this week
Microsoft issued a disappointing revenue forecast last week, but its stock has since increased. What does that mean for the other Big Tech companies set to report earnings?
Tech fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA Framlington Global Technology Fund, said there was enough bad news in Microsoft’s earnings to “spook” investors into selling the stock.
However, the fact that the stock is up by more than 2% subsequently is an “encouraging” sign for the rest of Big Tech’s earnings, Gleeson told CNBC’s “Squawk Box Europe”.
He shared his thoughts on what to expect from Apple and Alphabet this week.
CNBC Pro subscribers can read more here.
— Ganesh Rao
CNBC Pro: Can Chinese stocks rally further? One investment bank thinks so — and names its top stock picks
The recovery in Chinese stocks gained steam on Monday, as China’s benchmark index came within striking distance of a bull market.
Bernstein’s analysts believe the rally has further to go and reveal their top stocks to play it.
Pro subscribers can read more here.
— Zavier Ong
CNBC Pro: Tesla shares rose 30% last week. Here’s where Wall Street sees it going next
Just last week, the electric-vehicle maker’s stock leaped by more than 30% following its earnings announcement. This year so far, Tesla shares are up by around 44%.
It follows a bleak 2022 when Tesla shares slumped over 35% in December and around 65% over the year.
After all this volatility, here’s where Wall Street analysts see the stock going next:
CNBC Pro subscribers can read more here.
— Weizhen Tan
European markets: Here are the opening calls
European markets are heading for a lower open Tuesday as investors focus on the next U.S. Federal Reserve meeting, which begins today. The two-day meeting will conclude Wednesday with an announcement of the central bank’s latest interest rate decision.
The U.K.’s FTSE 100 index is expected to open 26 points lower at 7,758, Germany’s DAX 79 points lower at 15,052, France’s CAC down 40 points at 7,049 and Italy’s FTSE MIB down 125 points at 26,260, according to data from IG.
Earnings come from Pets at Home, UBS and Spotify, and data releases include fourth-quarter eurozone gross domestic product data. Preliminary German and French inflation data for January is also due to be released.
— Holly Ellyatt
