4-25 Pod - META killed the market and then it got worse - $MSFT & $GOOG earnings tonight
I said it yesterday that 2 days does not make a turnaround, but META earnings were really good. I expect chop until we get the PCE data tomorrow.
I’m down on my large money buys earlier this week, but they are for long term. I have a strategy and it’s key to determine a plan. I’ve said the weekly chart shows we may have more downside and bad news could take it down. The only thing wrong with META was the anticipated spending - the market doesn’t trust Zuck to be efficient in spending. Remember - the name of the company is META for Metaverse where he spent $10B per quarter on a product that 30 people per month used.
Spotify, Apple and YouTube Links
Spotify
Apple
YouTube
Pod Notes
Thursday
Bond rates rose taking stocks down … yes earnings are good but bonds will rule while it’s higher for longer
A lot of downside pressure
Jobs slow and GDP slows down
Bonds moved higher than they have been since Nov of last year
$meta beat on earnings but lowered guidance and increased capital spending - operating margins increased and daily active users Increased and reality labs is less …. So buy this dip …. It’s all about the higher expenses again …. But the spending makes sense
Details From Stock Market Nerd
AWS spending
Tonight $MSFT and GOOG 0.00%↑
Tomorrow XOM and CVX
$SMCI technical analysis
SCANS
FBCG
TSLA
WMT
XLK
QQQ
AAPL
GOOG
MSFT
XOM
AMD
IGM
DOCU
DELL
XLG
XLE
DDOG
NET
U
CAT
AMD
ANET - positive on a down day
DELL
TTD
CLS - positive on a down day
DLTR
DXCM
MAR
ON
KLAC
ISRG
TTD
Energy
RIG
NXE
SHEL
OIH
XLE
XOM
ALB
Levered ETFS
MAGS
TSL
TSLR
MAGX
TSLL
TECL
TQQQ
BULZ
DRUP
Man I hate these cycles!