To The Moon

Technology stocks release financial reports intensively

Next week, 40% of S&P companies are expected to release financial reports. Microsoft, Apple, Meta, Amazon, AMD, Qualcomm, Arm, Intel and other technology giants will release new quarterly financial reports.

Microsoft will release its fourth quarter (second quarter) results after the close of trading on July 30, local time, focusing on the growth of the cloud computing department and progress in AI.

According to data compiled by Visible Alpha, Microsoft's second quarter revenue is expected to be US$64.37 billion, an increase of 14.6% over the same period last year; net profit is US$21.88 billion, or US$2.93 per share, a year-on-year increase of 9.3%.

Apple will release its third quarter (second quarter) results after the close of trading on August 1, local time, focusing on iPhone sales and progress in AI.

According to Visible Alpha data, Apple's second quarter revenue was US$84.39 billion, an increase of 3.1% over the same period last year. Net profit is expected to be US$20.64 billion, or US$1.34 per share, a year-on-year increase.

 Next week, the global market will usher in the "Central Bank Super Week", and the central banks of the United States, Japan, Britain and other countries will hold interest rate decisions one after another.

At the interest rate decision next Thursday, the Federal Reserve may release a signal of interest rate cuts as high interest rates may endanger the slowing job market.

Fed officials have kept interest rates at a high level for more than 20 years for a year. It is expected that the interest rate will remain unchanged at the meeting next week, but it may release a signal of interest rate cuts and wait until September to take action.

Some analysts pointed out that the Federal Reserve is more likely to launch the first interest rate cut in September, because there is a process to start the interest rate cut, first of all, to adjust the wording in the statement at the meeting next week, and then to make a fine-tuning of the risk management posture at the Jackson Hole meeting in August.

There are many economic events next week. I think the US stock market will continue to fluctuate. If you still hold technology stocks, I think it is very stupid. The funds in the market have flowed from technology stocks to other defensive industries.

At the same time, we can also draw further conclusions. The theme of the market will continue to revolve around two major main lines.

1. US election market, 2. Federal Reserve interest rate cuts. We only need to grasp these two main lines to find market opportunities. This is the answer I want to tell you.

At the Bitcoin 2024 conference that ended, former US President Trump threw a series of eye-catching promises to the currency circle, showing his determination to win support in this field.

Trump promised: to list Bitcoin as a strategic reserve asset of the United States, to fire the current SEC chairman, to establish a Bitcoin presidential committee, to encourage power plants to strengthen power supply for Bitcoin mining, and to explore the synergy between the encryption industry and the electric vehicle industry.

This is a huge change from Trump's previous position on digital assets. It not only highlights the growing importance of cryptocurrencies in the US political landscape, but also reflects the new ideas of the Trump camp on economic policies.

US Vice President and Democratic presidential candidate Harris declined the invitation to the Bitcoin 2024 conference, but Harris is expected to clarify her position on cryptocurrencies in the coming weeks. According to media reports, more than 20 Democratic lawmakers, including Harris, signed a statement on Saturday morning local time, calling on the Democratic National Committee to abandon its policy against Bitcoin with Senator Elizabeth Warren.

Whether it is the Democratic Party or the Republican Party, the cryptocurrency policy in the 2024 US election will become one of the hot topics in the candidate debate.