Tech Stock Picks: One to Sell, One to Hold, and One to Buy
Are you looking to invest in the tech industry but don’t know where to start? We’ve got you covered. After analyzing the latest financial data, we’ve compiled a list of three tech stocks you need to know about: one to sell, one to hold, and one to buy. Keep reading to find out which stocks […]
Amazon: The consumer strikes back
Amazon reported stronger sales growth for Q4 on the back of a rebound in US spending. Revenue for the quarter came in at $149.2B, 2% ahead of the street’s expectations and ahead of management’s guidance. AWS reported a deceleration to 20%. North American retail sales (including Prime) grew 14% YoY and international sales grew 5% […]
AU and US data to set tone for week ahead | Apple
The New Zealand market (NZX 50 Index, +0.3%) closed last week on a mildly positive note. Two tourism plays, SkyCity Entertainment (+3.3%) and Tourism Holdings (+2.0%), advanced on the day. SkyCity held its 2022 annual meeting on Friday where it reported quarter 1 Earnings Before Interest, Tax, Depreciation, and amortisation for the 2023 Financial Year approximately +10% above pre COVID-19 levels on a like-for-like basis. However, the casino operator omitted to provide full-year guidance and couldn’t say if it would be reflective of its quarter 1 performance.