Wall Street is behaving worse than Europe this first half of the year, especially industrial indexes. So far, the DOW JONES Ind average is up just 0.60% year-to-date, while the S&P 500 is down 7.7%. For their part, European markets do better, with cumulative gains of more than 14% for the German DAX or 13.9% for the European average, the Euro Stoxx 50.
But, one of the worst hit sectors in the Dow Jones in 2022 is shining again. technology,
as we see in the following Grafico del Dow Jones US Technology Indexregistered falls during the last year, but since January it has recovered the upward momentum:
(Source: S&P Global)
Technology leads the Dow Jones
If we look at the components of the index, the first four positions are occupied by technology stocks:
1. Salesforce
American cloud software company Salesforce leads the 2023 cumulative growth within the Dow Jones with an increase of more than 53%. The firm provides customer relationship management software and application solutions.
Here’s how it behaved on the stock market since January last year:
The company has not yet presented the figures for the first quarter of the year. Salesforce registered a net profit of $208 million (195.7 million euros) in fiscal year 2023 (which covered February 2022 to January 2023), which means an increase of 85.6% with respect to the $1,444 million (1,359 million euros) profit contraction of 2022. Salesforce President and CFO Amy Weaver said, “Our continued focus on proactive execution and management under the current circumstances has allowed us to close out a good quarter that prepares us for the turning point of fiscal 2024.” Is.”
Consensus of analysts gathered by Reuters Gives 10% Capacity to Salesforce,
2. Apple
The famous apple firm has given a return of 32% in the stock market so far this year. Apple reported a net profit of $24,160 million (21,871 million euros) in the second fiscal quarter for the Cupertino company, in the first three months of 2023, representing a decrease of 3.4% compared to the result recorded in the same period last year Is. As announced by the multinational company, which will launch a share repurchase plan worth $90,000 million (81,475 million euros).
A consensus of analysts aggregated by Reuters gives Apple a 4% gain.
3. Microsoft
The software and electronic products firm is already up 29% so far this year. Technology giant Microsoft reported a net profit of $18,299 million (16,615 million euros) in its third fiscal quarter ended March, which is equivalent to a 9.4% increase compared to the same period profit of the previous exercise.
Revenue for the first three months of 2023 was $52,857 million (47,991 million euros), up 7%.
Gives the consensus of analysts gathered by Reuters a potential a Microsoft 7%,
4. Intel
The computer company has registered a gain of 12.75% in the stock market so far this year. This is despite the fact that Intel posted a loss of $2,800 million (2,549 million euros) in the first quarter of this year, compared to a profit of more than $8,000 million (7,281 million euros), as reported by the firm on Thursday. was reported, thus registering the biggest quarterly loss in its history.
In addition, compared to the first quarter of 2022, earnings per share decreased by 133% to $0.66 per share.
A consensus of analysts gathered by Reuters gives Intel a 2.7% lead.
5. McDonald’s
The fast food restaurant company follows technology companies, whose stock market share is up just over 12% so far this year. McDonald’s, a multinational fast food restaurant, closed the first quarter of 2023 with a net profit of $1,802.3 million (1,630 million euros), representing a 63% increase compared to the same period in 2022 due to strong demand.
Consensus of analysts gathered by Reuters gives the ability to McDonald’s of 7.3%.
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