Can tech earnings rally the market?
Microsoft and Facebook has been outperforming the market during the earning release.
$Microsoft(MSFT)$ has outperformed the consensus by a 9% increase in EPS and has lead to a increase in 7% in stock price. Will Microsoft return to hit $300/share by today?
Microsoft has always been one of the steady giants, from pandemic till post pandemic till inflation/ banking crisis. With the current guidance, it is still proof that it is a worthy stock and has helped to lift the Nasdaq index
Meta has also outperformed the earnings and resulted in a 11% increase in the post market hours.
Another interesting giant that I will be looking out for today, Amazon. Today will be the day for its earning.
$Amazon.com(AMZN)$ specialize in its own market place and has a big piece of pie in its cloud technology, mainly Amazon Web Services(AWS). The growth in revenue is always high as many business are converting to a online presence. Although there is a slow growth in last quarter due to the high inflation rate, i believe today revenue will be close to the estimate.
Another key factor that I will be closely paying attention to is the jobless claim number today so that we can plan the upcoming strategy to the next fed hike.
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.
Ok let’s wait for earning report of $亚马逊(AMZN)$ now.
I have better insight i$Meta Platforms(META)$ in near future.
Time to hold more tech giants again. right?