4 Large-Cap Technology Stocks to Buy This Earnings Season

john rambo

Lockdown impositions across the world, in a bid to curb the spread of COVID-19, have been taking a toll on the economy. The pandemic has caused disruptions in major sectors and economic zones, resulting in a full-blown global crisis due to the slowdown in productions and operations, and sluggish spending patterns.

As a result, second-quarter corporate earnings are expected to have suffered significantly. According to the latest Zacks Earnings Preview article, total earnings for the S&P 500 members will likely be down 44.1% year over year on 10.9% lower revenues in the to-be-reported quarter.

Though the coronavirus outbreak has had a sector-wide impact, the U.S. tech sector seems more resilient compared with the other sectors. Per the Earnings Preview article, tech sector earnings are expected to decline 13.5% on 1.2% lower revenues.

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