Big tech week: Investors are looking to tech companies to lift the market higher now that energy firms and banks are struggling. It’s been a record year for Apple, which reports earnings Tuesday. Analysts project its revenue grew 17% compared to the same quarter a year ago. This will be the first earnings to include Apple’s new iPhone 6.
But the big winner in Silicon Valley is likely to be Facebook. CEO Mark Zuckerberg would be justified in sending a smiling selfie to all his haters this week. They lambasted Zuckerberg when he bought Instagram for $1 billion in 2012. Now Instagram is worth an estimated $35 billion and Facebook is expected to have 46% revenue growth when it reports earnings on Wednesday, according to analysts.
Related: Check out the new Microsoft’s HoloLens
Just how strong is the U.S.? The key question for investors is just how strong the U.S. really is right now. America’s economy is the bright spot in the world now that China, Japan and Europe are slowing down. But is it strong enough to withstand the global headwinds?
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