Will the tech bulls or bears prevail next week?
As the market braces for the decision by the FOMC in the coming days for reiteration of its higher-for-longer interest rate monetary policy to further cool inflation towards its long-term target of 2%, investors will also be closely watching the latest quarterly earnings and outlook on 2 November by Apple, the bellwether of US technology sector, for signs of the health the overall economy, as demand slowdown after successive rate hikes threatens to tip the world's largest economy into a recession.
With mixed earnings announced by other big techs, neither the bulls nor the bears are calling the shots on Apple's earnings. With lacklustre demands for its latest product launches, such as latest iphone 15, rumored restrictions of use in the public sector of its largest market in China, rising competitions and looming antitrust law suits, I'm cautious of $Apple(AAPL)$
$Tesla Motors(TSLA)$
I think $Alphabet(GOOG)$
$Amazon.com(AMZN)$
Similarly, $Meta Platforms, Inc.(META)$ Bullishhas a strong third quarter that saw its earnings beat expectations, but unlike Amazon, its stock price dipped following a cautionary outlook by the company. I believe that the market has been undervaluing Meta Platforms which should have further room for appreciation when the company unlocks the values of its long-term investments in metaverse.
@TigerStars @TigerWire @MillionaireTiger @CaptainTiger @VideoLounge
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Great article