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Stock impact report

Can These 5 Electronics Stocks Hit Targets This Earnings Season? [Yahoo! Finance]

Carrier Global Corporation (CARR) 
Company Research Source: Yahoo! Finance
Accelerated deployment of 5G technology is expected to have driven the industry participants' performances in the quarter under review. IoT-supported industrial automation, rising demand for connected appliances in the consumer market, and the growing proliferation of positioning, surveying and machine-control products are likely to have aided the industry players' performances in the quarter under review. Increasing use of electronic components in electric and autonomous vehicles is likely to have benefited these stocks in first-quarter 2024. The growing adoption of AR/VR devices, AI, ML, cloud computing, and IoT services are also expected to have contributed to the quarterly performances of these companies. The rapid adoption of smartwatches and wearables, which are comprised of fitness-tracking components, is likely to have bolstered the demand for products offered by electronics companies. However, these companies have significant exposure to the semiconductor industry, wh Show less Read more
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