2Q23 Earnings Updates: Part One – IBM, GOOG/GOOGL, META, VICI, TMUS

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IBM (IBM): IBM reported an inline quarter with the normal give and take that any large, diversified corporation will experience.  All guidance was reiterated with a slight boost to the growth rate for software revenue.  Software was a little better than expected driven by double-digit growth at Red Hat for hybrid cloud and transaction processing […]

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Improved Breadth Drives Shift to Mid Cap

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During June, the stock market rally expanded beyond large cap growth and megacap tech to include small and mid cap.  The S&P 400 mid cap was the best performer among the major capitalization weighted indices in June, producing a total return of 9.2%.  The small cap Russell 2000 was next best at 8.0%.  The S&P […]

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