What do Earnings Signal for Tech Stock Prices?

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Jan. 24 (Bloomberg) -- Bloomberg's Alix Steel and Anna-Louise Jackson examine what earnings for tech companies mean to their stock performance in "On The Markets" on Bloomberg Television's "In The Loop."

The role genesis behind this?

We look at the relationship between the performance and the earnings at quotations -- earnings excitations relative to the s&p. these have ab den floated together for a long time, and last year, that relationship broke down.

So that with the earnings doing better than the top performance.

That was one signal earlier this year into last year that as the sox weren't catching up with the earnings, that was a good time.

And also, -- as the stocks were catching up with the earnings, that was a good time.

Qualcomm is once was a wide basis, some of them are doing better.

Also, for investors who have conviction that global growth is going to be good and u.s. spending will be good, that'll bodes well.

That may be by -- having concerns about c apex, about how it may not be as great as we thought over the last four years, there is a distant judgment between the oldest tech versus newtek here.

Some like the old tech a little bit better, and one reason that -- i think of microsoft, ibm -- yes, microsoft, intel, cisco, newtek would be facebook, linkedin.

So the old tech did not do very well last year.

So there may just be potential for them to do well this year, you know, with some of their fundamentals getting better, some big company changes, obviously.

Amazon, microsoft was not -- and microsoft was not terrible.

They had a decent quarter.

This quarter may be a mixed bag.

Intel was week, microsoft was strong, but looking ahead for the year, so for people who have conviction about the year, you know, this may be a place to look.

All right.

What is the strong as revenue growth record for the old tech?

Is there a consensus -- i'm not sure.

I do not know if there is a consensus on that.

Global ip, for example, see why so much, anna louise.

We are on the market again in 30 minutes.

"market makers" next.

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This text has been automatically generated. It may not be 100% accurate.

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