Tech is leading the charge through Q3 earnings

DavidMarlin
10-29

So far through Q3 earnings, Tech is leading the charge.

78% of Tech stocks that have reported have beat on EPS, compared to just 51% for the $.SPX(.SPX)$ .

$Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $Tesla Motors(TSLA)$ $Netflix(NFLX)$ $Taiwan Semiconductor Manufacturing(TSM)$

ImageImage

We are now 2 years into the current Bull Market that began in October 2022.

The average duration of the last 11 Bull Markets has been ~5 years, with 8/11 (73%) making it to the end of the year 3.

ImageImage

Big Tech Earnings: Who is the Winner Among Mag 7?
Amazon's Q3 profit far exceeded expectations, driven by accelerated cloud growth. The company indicated that capital expenditures may be higher next year, leading to a nearly 6% increase in after-hours trading. Both Microsoft and Meta dropped by 4% following their earnings reports. Although financial results met expectations, management indicated that upcoming AI spending would increase. ------------------- Will Amazon hit all-time-high this week? MSFT and META: Goog Buy or Good Bye After 6% Drop?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
1
4