Technology stocks š³
Technology stocks are performing badly for the past few months, including all the tech giants. The most anticipated one will be Microsoft, Amazon and Google which are going to release their earnings this week.
AMZN daily chart
This e-commerce and cloud computing leader is scheduled to report its third quarter financials after the market closes on Thursday. Analysts anticipate solid earnings growth and an optimistic outlook for Amazon this quarter, I do share the simula point of view too $Amazon.com(AMZN)$
GOOG daily chart
Similar to Amazon, Google is scheduled to announce Q3 earnings results after the market closes tonight. I expect for Q3, advertising will still be the core moneymaker $Alphabet(GOOG)$
Another company that is going to release its earnings will be $Microsoft(MSFT)$
Lastly for $Apple(AAPL)$
Apple daily chart
In overall, I am bullish for the whole technology sector this week $Nasdaq100 Bull 3X ETF(TQQQ)$
How do you think?
@TigerStars @CaptainTiger @Daily_Discussion @TigerEvents @Tiger_SG @MillionaireTiger @Tiger_comments
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Earnings were solid across board. Everyone was expecting misses. Meta is only down because the stock is up huge for the year. Only one that missed was Google. But nothing major.
You might remember when qqq was rising too fast prior to July 19 I said we couldn't get to 480 (20K) like that. Now that we have consolidated and shaken out weak holders, there will be no selling as we melt up to 550-600. Piece of cake. The companies in qqq are massive cash machines....undervalued.
Big M7 rally not happening. GOOG down, TXN down, MSFT blip up fading fast, META also down AH (and they haven't even reported yet). YIKES! It looks like the NVDA cheerleaders will have to come up with a new storyline. OH BOY - even NVDA now down AH. Where will it all end?
If Google didn't suck as bad as they did, MSFT would be up 10% by now. But huge market caps counting.
hey bulls, buckle up for the dive
ghbchhvc