Dirhams & Dollars

Results week: Tech stocks look to continue Davos euphoria

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This week, several companies are expected to announce their full year results for 2017; Donald Trump will deliver his first State of the Union, the annual presidential address to the US government; and Janet Yellen will step down as chairwoman of the US Federal Reserve after four years in the position. Among the companies expected to turn in their financial results are four major tech stocks: Facebook, Alphabet (formerly Google), Amazon, and Microsoft. We discuss what might lie in store when they file their results, especially given Netflix’s blockbuster performance, announced last week. We also take a look at some of the local results, including Abu Dhabi Commercial Bank and Mashreq, and what to expect from other banks when they post their numbers later this week.