[Events] Earnings Season is Here: Who Will Surpass Expectations?

TigerEvents
10-09

With expectations of interest rate cuts from the Federal Reserve and a strong outlook for corporate earnings, the S&P 500 Index has surged by about 20%. Recently, Wall Street traders have begun to focus on a range of risks, from concerns about the U.S. economy to uncertainties surrounding Fed rates and anxiety over the upcoming presidential election, casting a shadow over this quarter's earnings reports.

This week, earnings season will kick off with bank stocks, as $JPMorgan Chase(JPM)$ and $Wells Fargo(WFC)$ are set to release their reports first, followed by the “Magnificent Seven” tech giants—Meta, Alphabet, Nvidia, Apple, Microsoft, Amazon, and Tesla—who will also be reporting soon. Besides growth and earnings performance, the market will particularly pay attention to these companies' investments in artificial intelligence and the timeline for achieving returns.

Which companies are expected to beat earnings?

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  • Share your thoughts about earning season in the comments section of this post.

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⏰Event Duration

  • 9 October 2024- 1 November 2024

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Earnings Season: Which Companies Are You Following?
AI bolsters Microsoft's Q3 Azure revenue, which increased by over 30%, but a slowdown in growth is expected for Q4 along with increased AI spending. Meta's revenue slightly exceeded expectations, but AI losses worsened, with warnings of substantial future increases, and a significant rise in capital expenditures is anticipated next year. -------------- How do you view the two giants' earnings? Will you buy the dip as Microsoft dips to $400?
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