Hedge funds trim exposure to megacap tech stocks, banks say
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds reduced their exposure to mega cap tech stocks in recent days, ahead of the companies’ third-quarter earnings, two Wall Street banks said.…
Megacap earnings to test fledgling U.S. stock rebound
By Lewis Krauskopf NEW YORK (Reuters) – Earnings reports from the four biggest U.S. companies by market capitalization in the coming week may test a nascent rally that has seen stocks claw…
Nascent U.S. stock rally hangs in balance as Wall St awaits megacap earnings
By Lewis Krauskopf NEW YORK – Results from the four largest U.S. companies by market value highlight a busy week of corporate earnings and could help determine whether the stock market can…
Amazon latest megacap to join stock split squad
By Lewis Krauskopf NEW YORK – Stock splits are becoming fashionable for megacap U.S. companies. Amazon unveiled a 20-for-1 stock split late on Wednesday, only weeks after megacap peer Alphabet did the…
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