4 Large-Cap Technology Stocks to Buy This Earnings Season

Lockdown impositions across the world, in a bid to curb the spread of COVID-19, have been taking a toll on the economy. The pandemic has caused disruptions in major sectors and economic zones, resulting in a full-blown global crisis due to the slowdown in productions and operations, and sluggish spending patterns.

As a result, second-quarter corporate earnings are expected to have suffered significantly. According to the latest Zacks Earnings Preview article, total earnings for the S&P 500 members will likely be down 44.1% year over year on 10.9% lower revenues in the to-be-reported quarter.

Though the coronavirus outbreak has had a sector-wide impact, the U.S. tech sector seems more resilient compared with the other sectors. Per the Earnings Preview article, tech sector earnings are expected to decline 13.5% on 1.2% lower revenues.

Why Tech Sector Could Outshine in Q2?

The coronavirus outbreak has, surprisingly, opened up newer avenues of growth

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Edited Transcript of MU.OQ earnings conference call or presentation 29-Jun-20 8:30pm GMT

BOISE Jun 30, 2020 (Thomson StreetEvents) — Edited Transcript of Micron Technology Inc earnings conference call or presentation Monday, June 29, 2020 at 8:30:00pm GMT

* David A. Zinsner

Micron Technology, Inc. – Senior VP & CFO

Micron Technology, Inc. – Senior Director of IR

Micron Technology, Inc. – CEO, President & Director

Evercore ISI Institutional Equities, Research Division – Senior MD, Head of Global Semiconductor Research & Senior Equity Research Analyst

Crédit Suisse AG, Research Division – MD, Global Technology Strategist and Global Technology Sector Head

* Mark C. Newman

Sanford C. Bernstein & Co., LLC., Research Division – Senior Research Analyst

UBS Investment Bank, Research Division – MD and Head of Semiconductors & Semiconductor Equipment

Ladies and gentlemen, thank you for standing by, and welcome to Micron Technologies Third Quarter 2020 Financial Conference Call. (Operator Instructions) I would now like to hand the conference over to your speaker, … Read More