Although it is quite a quiet week earnings-wise with big lenders yet to kick off bank earnings and the third quarter earnings season on Friday, things are never dull in the tech universe.
Beata Manthey, Citigroup Inc.’s (NYSE: C) head of equity strategy, doubled down on the bank’s bullish stance for global and in particular emerging market equities Wednesday, despite almost a year-long sell-off in the sector.
Following the launch of the Quest 3 VR headset, Meta is in the early stages of planning its successor to compete with Apple's Vision Pro.
Meta's financial trajectory remains strong, with a notable 162% increase this year and a recent 7% gain for October.
Last week was a quiet trading week in Hong Kong, with just half the normal daily volumes traded as a result of a 7-day national holiday in China.
Still, some companies took the opportunity to repurchase their own shares, many of which are suffering from a sharp sell-off as part of a broad decline among China stocks this year.
Macroeconomic headwinds did not slim down the third quarter results of PepsiCo Inc (NASDAQ: PEP) who today smashed Wall Street estimates along with raising its full-year guidance for a third consecutive quarter, sending shares more than 2% up during pre-market trading.