PRESS ROOM
US tech showing recovery signs
Friday 04th February '22
In January, the tech heavy NASDAQ 100 fell to its lowest point since June last year as growth equities moved to price in multiple interest rate increases from the US Federal Reserve this year. Focus now turns to the first quarter earnings for US companies. FactSet reported on 28 January 2022, “At this point in time, more companies are beating EPS (earnings per share) estimates than average, but they are beating estimates by a smaller margin than average.” Strong first quarter earnings in the tech sector could lift risk sentiment especially given many investors might see the dip in January as an attractive buying opportunity.