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🎁What the Tigers Say | Will Big Tech Earnings Set the Market's Direction This Week?
@TigerClub:As the earnings season unfolds, $Microsoft(MSFT)$'s stock has been riding high, while $Alphabet(GOOG)$ recently weathered a dip. Chase high of MSFT or bottom GOOG after earnings? And, hovering in the background, is the anticipation surrounding $Meta Platforms, Inc.(META)$. Will Meta hit the 2023 high after earnings? Will big tech earnings set the market's direction this week? Below are some insights from Tiger @ZEROHERO, @Shyon and @nerdbull1669. Which opinions do you agree with? 🎁Special Notes: Whoever showed up on the” What the Tigers Say” column will receive 100 Tiger Coins and an exclusive interview invitation to honor your contribution. Click titles to read the full analysis: 1. @ZEROHERO: MSFT Up, GOOG Down! META & AMZN Next 🙏 Key Points: 45% gain from taking calls on QQQ, SPX & SPY as highlighted in sharing my trade idea yesterday. ⚠️ Trading tips: looking at QQQ calls above 359 and puts below 356 on Wednesday. 356-357 could be an opportunity to dip buy into the close awaiting earnings for META mirroring yesterday. Not financial advice 🤫 The unfolding week’s economic calendar is back-end loaded, with the chief among the data being the first read of third-quarter GDP data, due on Thursday, and the September personal income and spending report due on Friday. Ahead of the Federal Open Market Committee meeting scheduled for Oct 31-Nov 1, the inflation component of the report, namely the annual rate of the core price consumption expenditure index, could be closely watched by traders. 2. @Shyon: Technology stocks 📳 Key Points: Analysts anticipate solid earnings growth and an optimistic outlook for Amazon this quarter, I do share the simula point of view too $Amazon.com(AMZN)$ . It will benefit from its strength in the cloud and advertising business, as well as strong momentum in the e-commerce unit. Lastly for $Apple(AAPL)$ Bullish, although its chart is among the weakest in the tech stocks, but we should expect a rebound from this company as the share price is pretty near to EMA200. Any breakdown below EMA200 will be catastrophic for Apple. In overall, I am bullish for the whole technology sector this week $Nasdaq100 Bull 3X ETF(TQQQ)$ , for short term. 3. @nerdbull1669: Understand Option Implied Move In Season Of Earnings Key Points: 24 Oct 2023 $Microsoft(MSFT)$ $Alphabet(GOOGL)$ 25 Oct 2023 $Meta Platforms, Inc.(META)$ 26 Oct 2023 $Amazon.com(AMZN)$ The option implied move is a useful tool for gauging market expectations around earnings announcements, and it is based on sound financial principles. Questions for you: Will big tech earnings set the market's direction this week? 🎁Prizes Comment Rewards: 🐯 All valid comments on the following post will receive 5 Tiger Coins. Editor's Pick Post Rewards: If you plan to share content over 500 characters, we strongly recommend selecting the "Also repost" button when posting a comment. This way, your content will have a chance to be selected as a "Picked Post" and receive a reward of 200 Tiger Coins automatically! In addition, if your post gains high popularity, there's also a chance to win US$15-25 voucher rewards in our weekly "Creator Incentive Program." ⏰Duration 1 Nov (24pm EDT)
🎁What the Tigers Say | Will Big Tech Earnings Set the Market's Direction This Week?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.