Will the big techs be on a roll this week?

pekss
2023-07-24
$Microsoft(MSFT)$ 

$Alphabet(GOOG)$ 

$Amazon.com(AMZN)$ 

$Meta Platforms, Inc.(META)$ 

$Tesla Motors(TSLA)$ 

All eyes will be on the big techs as Microsoft, Alphabet, Amazon and META Platforms are expected to report their latest earnings results this week, followed by Tesla in the week after next.

With earnings bars low for the latest earnings reports on the back of slowing global demands after relentless rate hikes by major central banks around the world to rein in decades-high inflations, I’m cautiously optimistic of earnings beats when the big techs announce their latest quarterly results.

At the same time, there has been rising market consensus of the Fed nearing the end of its rate hiking cycle, so that hopes are rising for at most another 1-2 modest rate increases before the Fed pauses to monitor the effects of its previous hikes, as they propagate through the economy and bring the inflation nearer to its long-term target of 2%.

Such will be welcomed by the tech sector which is highly sensitive to interest rates due to the dependency of tech companies on borrowing to finance growth, and valuation of their distant incoming cash flows.

Hence, I’ll continue to be long-term shareholders of the big tech, while I await their price weaknesses to add.

@TigerEvents @MillionaireTiger @CaptainTiger @TigerStars @TigerWire 



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Comments

  • CharlesBaker
    2023-07-24
    CharlesBaker

    I don't give a hoot about earnings. META will go higher. Its financials are just too good. The only question is the route it takes to end up higher.

    • pekss: 
      Yeah, hope to see the stock regains its past glory soon!
  • RandyHall
    2023-07-24
    RandyHall

    There have been chatter on the internet about shorting Tesla after earnings for days. Even though Tesla has very strong numbers.

    • pekss: 
      I won’t try to bet against the army of Tesla bulls, even though I think the stock has run ahead of its fundamentals
  • 0billionaire
    2023-07-24
    0billionaire

    Tesla rallies are for liquidity for most of it. We might see 120$ again before we rally to 340$.

    • pekss: 
      I hope the day will come for me to pick up some Tesla shares!
  • jeffry09
    2023-07-28
    jeffry09

    1month low. CPI tomorrow. If better than expected I could be a nice bounce for MSFT after the $35 rout.

  • YaleBrewster
    2023-07-28
    YaleBrewster

    Microsoft reportedly working on its own AI chips that may rival Nvidia’s / The AI race has tech companies scrambling for Nvidia GPUs and Microsoft reportedly accelerating its own on in-house AI chips. The race is not over!

  • shining87
    2023-07-28
    shining87

    Adding to this one and my favorite chip stock AVGO today which also seems to be the only red chip stock in the SMH today which is unusual.

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