$Meta Platforms, Inc.(META)$ Meta will likely bottom at around $400-high $300, closing the gap it has created from its last earning which one can see clearly on the technical chart. While the market will soon realize that the company did make good profits from last quarter's, share price will creep back up soon enough. What one may really need to look out is the next few quarters, the out flow of capital going into R&D of their AI products will send painful reminders to what happen 2 years ago of how they've had with their metaverse investments. 🤞
The oil market experienced an uptick in prices during early trading on Friday, largely driven by comments from U.S. Treasury Secretary Janet Yellen, who suggested that the country's economy may be in a stronger position than initially indicated by the weak first-quarter data. This, combined with ongoing supply concerns due to the conflict in the Middle East, contributed to the rise in oil prices. Brent crude futures rose to $89.35 a barrel, while U.S. West Texas Intermediate crude futures increased to $83.90 a barrel. Yellen's remarks provided a boost to market sentiment, hinting that the U.S. economy's growth could be revised higher and that inflation may ease in the coming months. This outlook contrasts with earlier concerns about a potential interest rate increase by the Federal Reserve
Earnings craziness continues,God Candle for $MSFT & $GOOGL
“Heavy dip buying followed by bullish reactions to $Microsoft(MSFT)$ and $Alphabet(GOOG)$ earnings has the market poised to confirm daily uptrends and follow through on daily oversold bounces”$Microsoft(MSFT)$ exploding higher in after hours after reporting earnings.ImageHow $MSFT makes Money:Image $Microsoft(MSFT)$ Q3 FY24 (ending in March): • Revenue +17% Y/Y to $61.9B ($1.0B beat). • Gross margin 70% (+0pp Y/Y) • Operating margin 44% (+2pp Y/Y). • EPS $2.94 ($0.11 beat). Azure +31% fx neutral.ImageGod Candle for Alphabet $GOOGLImageImageGoogle Search $Alphabet(GOOG)$
Big Tech Earnings Up The Level Of Focus On AI Monetization
Meta's plan to invest more heavily in artificial intelligence infrastructure caused $Meta Platforms, Inc.(META)$ stock to sink Thursday, but the tech giant's capex news lifted AI stocks, particularly shares of tech hardware companies, including $NVIDIA Corp(NVDA)$ . With $Alphabet(GOOGL)$ earnings Alphabet beats revenue estimates as AI fuels cloud growth, the cloud services revenue rose 28% to $900 million in quarter. Alphabet announced 20-cent dividend and $70 billion share buyback. AI Monetization Is Next To Look At In the earnings call for comments on AI, there have been pattern of big tech earnings over the next two weeks as companies prioritize technology o
$Western Digital(WDC)$$Micron Technology(MU)$$Seagate Technology PLC(STX)$ Hard drive prices are set to rise as Seagate, Western Digital and others are notifying customers of increases. The reason cited? AI increasing storage requirements and demand. Hardware integration companies can either eat the increased cost and see margin compression or pass it on (cost push inflation). This sort of thing is still happening in many areas of goods and services.
$Micron Technology(MU)$ Well how good does it get Micron getting 13.6 billion dollars in grants and loans from the government is indeed significant news that could potentially boost its growth and future profits. Such backing provides Micron with substantial financial support to invest in research, development, and expansion, enhancing its competitive position in the semiconductor industry. this sets MU up for huge growth and future profits no luck needed with backing like this what a buy opportunity
Unlike $Meta Platforms, Inc.(META)$ ‘s huge plunge after its Q1 earnings, $Alphabet(GOOG)$ surged 12% following a same strong Q1 performance, with overall revenue growth beating and a new high in profit margins, and accelerated capital expenditure on AI. Google rolled out a major action of "$70 billion buyback + dividend," towards its shareholders, which not only boosted market confidence but also reversed the lack of confidence in Google since the previous quarter. $Alphabet(GOOGL)$ Investment HighlightsAll major businesses exceeded market expectations. Total revenue was $80.5 billion, a year-on-year increase of 15.4%, surpassing the market consensus of $79 bil
Further rally for the B-Wave is expected as SPX likely terminated its short-term correction
Further rally for the B-Wave is expected as $S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$ likely terminated its short-term correction at today's 4990 low.Therefore, price should begin the final corrective leg up targeting 5110-5130-5150.Loss of 4953 would favor the C-Wave already beginning, however, targeting that 4820 [W4] termination range.ImageImageFrom yesterday's high and close, we expected that price completed the a-wave of the B-Wave ✅We then targeted the 5040-5005 range for the decline🎯Price gapped down lower a bit lower than expected, which only benefited us 🔥ImageImagehttps://twitter.com/TriggerTrades/status/1783640547271364683
Decoding Market Breadth: The NDX McClellan Oscillator Jumps 110 points in three sessions
This oscillator is used in the stock to measure the balance between advancing and declining stocks (A Market Breadth Indicator).It jumped from -100, a very oversold condition, to +8.5, with price action showing weaknesses and a potential bearish reversal.Divergences occur as with any oscillator, see the sequence of orange and green circles, both colors reflect a bottom in the index and in the oscillator, the green one is the lower price coherent with a higher low in the oscillator.The recent bounce in the oscillator is comparable to previous ones (blue rectangle), and Nasdaq100 set a bearish reversal candle, so there are key levels to maintain, otherwise a bearish divergence would be in play and lower lows in price could be brewing: $Invesco QQQ(QQQ)$<
Market Overview: $Alphabet(GOOG)$$Alphabet(GOOGL)$ : The third attempt is being the charm, the more a line is tested... $161 was successfully jumped, with a gap tough. $167 is the new support. $Amazon.com(AMZN)$ : Nice attempt to fill the gap at $159.7, but that moved has been postponed by its Magnificent colleagues. $Microsoft(MSFT)$ : Resuming its trip to $433, a resistance during 5 weeks as studied in Newsletter. $416 has to be defined, if it rejects price tomorrow, $402 continues as support. $Apple(AAPL)$ : Continues moving constructively, 50DMA is the key level to overcom
$S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$ First of all, $4983 acted as support today, remember that was a key line to watch last week. Price bounced and bullish continuation is expected, a couple of observations:✅4990 is a Fibonacci line studied yesterday, the confluence of S/R and Fibs makes the support stronger✅$5029 was recovered quickly✅125DMA sits today at $4845 and the uptrend continues✅The weekly 20MA is consolidated✅A Harami or inside weekly candle is in progress as mentioned during the weekend in newsletter.✅People waiting at 4600 may stay there for a while.Straight line to ATH?Not just yet, $5110 has to be conquered and there is an imminent bearish crossover in Moving Averages.Imageht
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On Tuesday, $Tesla Motors(TSLA)$ reported one of the worst quarters I’ve seen in years and Elon Musk doubled down on products that don’t have a proven business model or track record (FSD and Optimus). As Elon Musk said, the auto company “should be thought of as an AI or robotics company“. 🤷 Investors overlooked the flat revenue, falling margins, and negative free cash flow, pushing Tesla’s stock up 12.1% on Wednesday.24 hours later, $Meta Platforms, Inc.(META)$ announced a phenomenal quarter and doubled down on being a leading AI company…which it already is. The stock is down 12.8% as I’m writing.Season 6 What GIF by The Office Does Anything Matter?Speculation and FOMO are back and it’s impossible t
Today’s deep dive is on $Alphabet(GOOG)$$Alphabet(GOOGL)$ . Not all asymmetric investing opportunities come from small, fast-growing companies; in this case, I see a big, powerful company with outsized growth opportunities in a few important markets.Why Alphabet? In < 100 WordsBuying Alphabet is a combination of buying one of the best business models in the world and the brightest technical minds.Search is the financial powerhouse that’s arguably the best business model ever invented and it lays the foundation for future growth opportunities in artificial intelligence, streaming, and autonomous driving.Like $Apple(AAPL)$ a decade ago, a combination of steady
1. $Alphabet(GOOG)$$Alphabet(GOOGL)$ with a strong quarter. Initiates dividend.1Q YoYRevenue +15%Net Income +57%Dil. eps +61%OCF +23%FCF -3% (Capex doubled to $12 B (!)Initiates a $0.20 quarterly dividendApproves new $70 B buyback progrM $Meta Platforms, Inc.(META)$ yesterday: "2024 capital expenditures will be in the range of $35-40 billion"Market reaction: excessiveCapex last 12 months: $Microsoft(MSFT)$ $39.5 billion ($11 B this quarter)GOOG $38.0 billion ($12 B this quarter)Zuckerberg just needs to move the earnings call after these 2.2. $Altria(MO)$ another quarter of doubl