Elle Caruso / ETF Trends
An Equal-Weight Approach to Big Tech Mitigates Concentration Risk – 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 firms upbeat guidance for the current fiscal year. Shares of the company were up nearly 5% by mid-day Wednesday. Google parent Alphabet (GOOGL) …
