An Equal-Weight Approach to Big Tech Mitigates Concentration Risk
July 27, 2022 at 12:41 PM EDT
Mega-cap technology stocks climbed after Microsoft and Alphabet reported better-than-expected earnings yesterday. Microsoft (MSFT) missed on both revenue and profit expectations, but the stock rose on the firm’s upbeat guidance for the current fiscal year. Shares of the company were up nearly 5% by mid-day Wednesday. Google parent Alphabet (GOOGL) reported a decline in earnings [...] The post An Equal-Weight Approach to Big Tech Mitigates Concentration Risk appeared first on ETF Trends .