Comment on Big Six tech companies’ profit momentum could ‘collapse’ in 2024, UBS says

Big Six tech companies’ profit momentum could ‘collapse’ in 2024, UBS says

The earnings momentum of the Big Six has experienced four distinct cyclical waves, UBS said. Profit growth momentum of the so-called Big Six technology stocks could “collapse” over the next few quarters, UBS Global Research strategists said on Monday, downgrading its rating on the mega-cap companies.

 

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