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.

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How $MSFT makes Money:

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$Microsoft(MSFT)$ 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.

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God Candle for Alphabet $GOOGL

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Google Search $Alphabet(GOOG)$ $Alphabet(GOOGL)$ revenue notched a fifth consecutive quarter of accelerating revenue growth, as it reported 14.4% growth in Q1, versus 12.7% in Q4 and 1.9% in the year ago quarter.

$Alphabet(GOOG)$ surging FCF, projected to be $83B in 2024, has raised speculation the tech giant could initiate a dividend this year, following $Meta Platforms, Inc.(META)$ and $Salesforce.com(CRM)$ in recent months.

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$Alphabet(GOOGL)$ cloud grew by 28% -- proving just how massive the cloud sector will be for the rest of this decade. EXTREMELY bullish news for $Snowflake(SNOW)$ $CrowdStrike Holdings, Inc.(CRWD)$ $Zscaler Inc.(ZS)$ $Datadog(DDOG)$ $MongoDB Inc.(MDB)$ $Cloudflare, Inc.(NET)$ $Atlassian Corporation PLC(TEAM)$ $DigitalOcean Holdings, Inc.(DOCN)$ $Datadog(DDOG)$.