Daily Advantage Newsletter

Stock investors are treading cautiously ahead of a string of key big tech earnings and the Federal Reserve’s policy decision on Wednesday. Many Wall Street insiders think this week’s big tech earnings could mark a turning point in this year’s AI-fueled rally, particularly for the so-called “Magnificent Seven” stocks -  Google-parent Alphabet,...

Wall Street is braced for an eventful week ahead, which includes the US Federal Reserve’s monetary policy decision, critical jobs data, and highly anticipated earnings results from big tech companies. The Fed’s two-day meeting on Tuesday-Wednesday is expected to be somewhat of a non-event with the central bank seen leaving interest rates on hold...

Stock indexes are mixed with the ongoing big tech pullback still dragging on the S&P 500 and Nasdaq. Many on Wall Street see the rotation into smaller-cap stocks and other corners of the market that are perceived to be “undervalued” as a natural reaction to Federal Reserve rate cuts that are expected to begin by September. Keep in mind,...

Stock bulls have taken some steps back the past couple of weeks as the market digest some disappointing earnings results. Investors today may still be treading cautiously ahead of critical inflation data due out tomorrow (Friday), as well as a slew of key earnings coming up in the days and weeks ahead. Investors this week have been mostly focused...

Wall Street is again feeling nervous about upcoming earnings from the world’s biggest companies after Q2 2024 results from Google-parent Alphabet and Tesla both failed to impress. Alphabet’s earnings and revenue came in slightly better than expected, although business in its YouTube segment was below Wall Street’s expectations. Meanwhile, Tesla...

Six of the bog-tech stocks (Google-parent Alphabet, Amazon, Apple, Facebook-parent Meta Platforms, Microsoft, Nvidia, and Tesla) report over the next two weeks. Alphabet and Tesla are up first, with both set to report after the market close today. Microsoft follows on 7/30, Meta on 7/31, Apple and Amazon on 8/1, and Nvidia on 8/28. In aggregate,...

Stock bulls are hoping to regain control this week amid a stepped-up Q2 2024 earnings schedule. Heading into the quarter, Wall Street was by far the most bullish on big tech stocks with ties to AI over any other sector. While that sentiment has not necessarily changed - earnings expectations remain very high - the concern is that stock prices...