Surge Continues: 3 Tech Stocks Poised for Another Breakout Surging Momentum: 3 Tech Stocks on the Verge of Another Breakout

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By Ronald Tech

Unwavering Resilience

Big tech has proven its remarkable resilience and capacity to generate enormous profits in the wake of the latest earnings reports, with Amazon AMZN, Meta Platforms META, and Netflix NFLX all reporting impressive earnings and experiencing significant surges following the announcement.

Post-Earnings Momentum

Despite some investors’ hesitancy to buy or add to positions in large-cap technology stocks after substantial rallies in the past year, it’s important to remember that just because a stock has risen does not mean it is incapable of further ascent.

Relative Valuations & Growth

These three stocks are currently trading at historically fair relative valuations, showing that investors need not fret about entering an overpriced market. Following robust growth and profitability in the most recent quarterly reports, and the subsequent upgrades in earnings estimates, the valuations appear even more reasonable.

Netflix’s Success Story

At the most recent quarterly earnings meeting, Netflix surpassed estimates for both revenue and net income, achieving record subscriber growth with 261 million paid subscribers, amassing 13 million in Q4 alone.

Meta Platforms’ Triumph

Meta Platforms also reported stunning earnings, outperforming both sales and earnings estimates. Moreover, the company announced its first dividend payment following an expansion of its cash reserves to $60 billion and a $50 billion share buyback program to further benefit shareholders.

Amazon’s Strength

Finally, Amazon’s relentless success continues with another quarter of surpassing analysts’ estimates, bolstered by a flourishing new advertising business and a Zacks Rank #1 (Strong Buy) rating, making AMZN stock a compelling investment option to consider.

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