Big Tech Earnings! Who Can Replicate Tesla’s Surge?
This week saw a busy earnings season, with $Tesla Motors(TSLA)$ and election trades making the markets hot.
Next week will bring the most crucial week of this earnings season, with four of the "Magnificent 7" companies and two Bitcoin-related companies $MicroStrategy(MSTR)$ $Coinbase Global, Inc.(COIN)$ set to release earnings.
Overall, 37% of the companies in $.SPX(.SPX)$ have reported actual results for Q3 2024 to date. Of these companies, 75% have reported actual EPS above estimates.
03-s&p-500-earnings-growth-yoy-q3-2024
After this earnings beats, $Tesla Motors(TSLA)$ jumped over 20% this week.
Which Mag 7 will replicate the surge and ignite the market?
· AI: Apple intelligence launch next week; Microsoft’s partnership with OpenAI; AI-related capital spending; Google’s search ad advancements in the AI era
· Cloud services: Microsoft, Google, and Amazon’s growth comparison in cloud services
· Advertising: Meta’s advertising performance in an election year.
$Alphabet(GOOG)$ : Q3 earnings on Oct. 29 amid antitrust and AI competition concerns, with attention on search ad performance in the AI era.
Despite worries, shares are up 18% in 2024. Yesterday, it was reported that Google plans to announce its next Gemini model soon.
$Microsoft(MSFT)$ : Fiscal Q1 results due Oct. 30, forecasted EPS of $3.08 (+3% YoY).
Key focuses include cloud growth, AI investments, and its partnership with OpenAI. Analysts rate it a "Strong Buy" with a $503 target.
$Apple(AAPL)$: Earnings on Oct. 31 with expected EPS of $1.55 and revenue of $94.23B.
After Monday’s AI launch, analysts will focus on iPhone 16 sales and slowdown in China.
$Amazon.com(AMZN)$ will also post results expected Oct. 31, with projections of $1.14 EPS and $157.24B revenue (+10% YoY).
AWS performance and profit margins are in focus. Analysts maintain a "Strong Buy" with a target price of $224.
Which company will hit new high after earnings?
Who can replicate Tesla’s surge?
Will Apple Intelligence bring surprise?
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$微軟(MSFT)$：第一財季業績將於10月30日公佈，預計每股收益爲3.08美元（同比增長3%）。
重點包括雲增長、人工智能投資以及與OpenAI的合作伙伴關係。分析師將其評級爲“強力買入”，目標價爲503美元。
下週將迎來本財報季最關鍵的一週，“宏偉7”公司中的四家和兩家比特幣相關公司$MicroStrategy(MSTR)$$Coinbase Global，Inc.(COIN)$準備發佈收益。
總體而言，37%的公司$.SPX(.SPX)$迄今爲止已報告2024年第三季度的實際結果。在這些公司中，75%的實際每股收益高於預期。