US Market "So FAANG So Good" As Qtrly Earnings Cont'd ?

I have mentioned in my post dated Tue, 18 Apr (click here to read !), going forward US market performances during reporting season, will be influenced by listed companies’ earnings report.

Last week, was no exceptions especially on Thu, 20 Apr when $Tesla Motors(TSLA)$ Q1 2023 earnings failed to meet Wall street expectations - everything just dipped.

“Thankfully” market decided to take a “break” on Fri, 21 Apr (see above results); putting a brake on its past 4 days’ decline.

By the time market ended Fri’s trading, all 3 composite indexes were marginally higher (+0.07% to +0.11% gain).

GOOG & AMZN vs S&P 500 Index performance

Looking at above diagram, its “safe” to conclude that rally in Megacap growth & Technology stocks this year has buoyed US markets.

$Apple(AAPL)$ has gained +27% YTD; accounting for nearly a quarter of S&P 500 total advance thru Mar 2023. Incidentally S&P 500 index’s gain came in at +7.5% YTD.

Confidence has returned partly because investors “believed” that the Fed will pause its interest hike “soon” ?

However I strongly believed that there will be one more interest hike of 0.25% (in May).

Really no need to fret over it and we will know by next Wed, 03 May.

It would be too pre-mature to say that the US market will perform “better” this week because according to Refinitiv, comms services companies (eg. $Meta Platforms, Inc.(META)$ & $Alphabet(GOOG)$ ) are expected to post declines of -12%.

One of the main focus this week will be 3 of 5 FAANG stocks announcing their quarterly earnings.

They are (in time sequence)- Google, Meta Platform and $Amazon.com(AMZN)$.

Will they be able to put up a “good” showing despite (forecasted) weaker earnings results ?

Will investors take to heart the continual “downsizing” undertaken by the FAANG stocks to bolster margins ahead of a recession, making them “attractive” again in the process ?

What are the odds that the Fed will really pause interest hike after the coming May 2023 increase ?

No one knows; not even Fed themselves !

The only assurance is that if and only if official data continues to show that inflation is falling and at a “wider” percentage in Q2 and Q3 - only then will the glimmer of hope of a pause turns plausible.

Right now, its only a guessing game that retail investors like us could ill afford to second guess incorrectly and buy into stocks (even blue chips) at the “wrong” (& higher) price. Agree ?

  • Do you think the FAANG stocks’ quarterly earnings will help to lift the market up this week ?

  • Do you think you will add FAANG stock to your portfolio or add onto your existing holdings ?

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# 💰 Stocks to watch today?(14 Jun)

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  • HarryCox
    ·2023-04-24
    TOP

    What else can we buy apart from FAANG? Hehe

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    • 股票小能手招财猫

      Dealing with FAANG, we can buy a lot of stocks, this requires you to analyze other stocks

      2023-04-25
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    • JC888
      I dare to buy banks now? LOL have to wait a while. Meanwhile monitor now...
      2023-04-24
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  • DavidSG
    ·2023-04-25
    TOP
    Needs to be patient. Wait for dip to consolidate more.
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    • JC888
      Wise words... Agree. Tks
      2023-04-25
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  • Jimmywoods
    ·2023-04-25
    Great ariticle, would you like to share it?
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    • JC888
      Hi, tks for reading my post. Pls feel free to share or repost. Wld u consider "Follow me" so that you get first hand read of my Daily new posts? Tks!
      2023-04-25
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  • JC888
    ·2023-04-24
    Hi,
    My latest. Tks for reading my post.
    Pls give a "LIKe" & "Follow me" maybe so that you get first hand read of my Daily new posts. Tks!
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  • WayneEvans
    ·2023-04-24

    I will hold these stocks for long term anyway.

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    • 股票小能手招财猫Replying toWayneEvans
      A 401K over 10 years is a great accomplishment. This is a testament to your persistence and commitment to financial planning and sound investing. Maintain this investment strategy and I am sure your future will be even brighter.
      2023-04-25
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    • WayneEvansReplying to股票小能手招财猫
      definitely more than 10 years tho lol in my 401k
      2023-04-25
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    • 股票小能手招财猫

      Agree, how long have you held these stocks?

      2023-04-25
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  • BillyWilliams
    ·2023-04-24

    FAANG used to be really good but a little bit unsure at the moment.

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    • 股票小能手招财猫

      Yes, he is really not ideal at the moment, and it is only a matter of time before it goes up

      2023-04-25
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  • Aqa
    ·2023-04-25
    Liked, shared and comment to support my friend.
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  • boonk
    ·2023-04-25
    ok
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  • Deathflash
    ·2023-04-24
    f
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  • Keat1996
    ·2023-04-24
    D
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  • Aaaaaaaaaaas
    ·2023-04-24
    🤣
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  • Edmundtcw
    ·2023-04-24
    Ok
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