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Better Days Ahead: HPE, NetApp, Salesforce, Okta and CrowdStrike to Report Earnings This Week
I prefer to look at markets from a “glass half full” perspective. When I have a choice between optimism and pessimism, I’ll usually pick optimism. Buying while others are selling can be a good investment strategy, even when it requires nerves of steel. That said, I believe we’ll see some encouraging news from earnings reports this week. The headlines might not be spectacular, but sometimes good is good enough.
Earnings, writes Al Root of Barron’s, “will be light, but there’s still some high-profile reports to watch. On Tuesday, GlobalFoundries , Hewlett Packard Enterprise , NetApp , and Salesforce.com report results. CrowdStrike Holdings , Okta, Snowflake, and Splunk report on Wednesday. DocuSign , Dollar General , Kroger , Marvell Technology , Ulta Beauty headline Thursday’s earnings reports.”
Writing for CNBC, Brock Ladenheim of TipRanks.com sees strength in Dell Technologies and Analog Devices, two companies that have also benefitted greatly from the increasing demand for tech.
As I’ve said and written before, technology is fueling our global economy. As a result, it’s not surprising that tech firms are also driving financial markets. Some people will see this as more evidence of the divide between “Wall Street” and “Main Street,” but I see it as a fair representation of the broader synergies between technology and everyday life.
Let’s face it, our dependance on technology is real. From my perspective, this is no clear boundary line between the tech economy and the “regular” economy – at this point, they’re one and the same. When the tech industry does well, we all benefit. It’s like the old saying, “a rising tide lifts all boats,” except that in this case, the tide is generated by technology.