The market is up following Alphabet and Microsoft’s earnings reports as the Federal Reserve’s rate announcement draws near — and more in Wednesday’s stock market recap.
Google parent company Alphabet and Microsoft both missed on earnings per share and revenue estimates, yet the stocks are both higher this morning!
It seems results weren’t quite as bad as investors feared given the current environment, which is a bullish sign for the markets.
Meta is the next big tech stock to report, scheduled after the bell on Wednesday, followed by tech titans Amazon and Apple on Thursday.
The big question on everyone’s mind is, if Meta also misses on its earnings report, will the stock rally? And more importantly, will the market?
We’ll also hear from the Federal Reserve at the end of its two-day meeting and get confirmation on the next interest rate hike, with the market — the bond market in particular — prepared for a 0.75% increase.
In this morning’s stock market recap video, you’ll learn how stocks are reacting to earnings and what it means for the market… how the current bond market is dictating consumer and tech stocks’ movement… my hot stock long and weak short picks… an update on the major sectors and the biggest pain points… plus the biggest profit potential opportunities right now.
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From 5/23/22 to 7/12/22 on live trades the average win rate is 100%, the average return is 15.3% over a 3 day average hold time.
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