Next Tuesday is a Make or Break Moment for the Markets.
Tuesday could possibly be one of the most important earnings dates for the market this earnings season. Some very big companies will report 3rd quarter earnings on that day. I have highlighted the more important companies that will be reporting earnings on Tuesday. These companies make up a major part of the S&P 500. Sometimes earnings releases can coincide with big price moves. And any big price moves in these ticker symbols will almost surely move the markets since they are a heavy allocation in $SPDR S&P 500 ETF (SPY.US)$. Like past earnings seasons in this bear market, if any of these companies report a negative future guidance, or mention inflation effecting revenues, or just earnings and revenue misses in general then there will surely be punishment just as we have already seen during this bear market cycle.
Aside from $Apple (AAPL.US)$, which is the largest allocation in the S&P 500, $Microsoft (MSFT.US)$ comes in second in the allocation rankings with over a 5% weighting in the index. This is a very big allocation. So Microsoft's earnings release will be the most important earnings report for the market after Apple. The other companies I have highlighted are major holdings as well. If all of these companies report terrible earnings or have bad future guidance then that could be the perfect storm for a capitulation sell-off kind of day. Hopefully the market will see great earnings from all of these companies especially Microsoft so we can get a solid rally for a day. Or it is always possible that the earnings will be mixed nullifying any positive or negative earnings reactions in the market. We will find out on Tuesday.
So wil next Tuesday make or break the markets? Will the earnings reports from Microsoft and these other major S&P allocations move the markets at all?
$SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ $iShares Russell 2000 ETF (IWM.US)$ $VIX Index Futures(DEC4) (VXmain.US)$ $Gold Futures(DEC4) (GCmain.US)$ $Powershares Exchange Traded Fd Tst Db Us Dollar Index Bullish Fund Etf (UUP.US)$ $SPDR Gold ETF (GLD.US)$ $iShares Silver Trust (SLV.US)$ $Ishares Iboxx $ High Yield Corporate Bond Etf (HYG.US)$ $Ishares Iboxx $ Investment Grade Corporate Bond Etf (LQD.US)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $Crude Oil Futures(JAN5) (CLmain.US)$
$TENCENT (00700.HK)$ $SSE Composite Index (000001.SH)$ $CSI 300 Index (000300.SH)$ $CSI 300 Index (000300.SH)$ $FTSE Singapore Straits Time Index (.STI.SG)$ $NIO-SW (09866.HK)$ $NIO Inc. USD OV (NIO.SG)$ $NIO Inc (NIO.US)$ $BILIBILI-W (09626.HK)$ $Bilibili (BILI.US)$ $Baidu (BIDU.US)$ $BIDU-SW (09888.HK)$ $XPeng (XPEV.US)$ $Li Auto (LI.US)$ $BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $S&P/ASX 200 (.XJO.AU)$ $FTSE Singapore Straits Time Index (.STI.SG)$
$TENCENT (00700.HK)$ $SSE Composite Index (000001.SH)$ $CSI 300 Index (000300.SH)$ $CSI 300 Index (000300.SH)$ $FTSE Singapore Straits Time Index (.STI.SG)$ $NIO-SW (09866.HK)$ $NIO Inc. USD OV (NIO.SG)$ $NIO Inc (NIO.US)$ $BILIBILI-W (09626.HK)$ $Bilibili (BILI.US)$ $Baidu (BIDU.US)$ $BIDU-SW (09888.HK)$ $XPeng (XPEV.US)$ $Li Auto (LI.US)$ $BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $S&P/ASX 200 (.XJO.AU)$ $FTSE Singapore Straits Time Index (.STI.SG)$
$Apple (AAPL.US)$ $Tesla (TSLA.US)$ $Microsoft (MSFT.US)$ $Amazon (AMZN.US)$ $NVIDIA (NVDA.US)$ $Meta Platforms (META.US)$ $Alphabet-C (GOOG.US)$
$Chevron (CVX.US)$ $Phillips 66 (PSX.US)$ $Valero Energy (VLO.US)$ $Devon Energy (DVN.US)$ $Occidental Petroleum (OXY.US)$ $W&T Offshore (WTI.US)$ $United States Oil Fund LP (USO.US)$ $United Sts Brent Oil Fd Lp Unit (BNO.US)$ $Imperial Petroleum (IMPP.US)$ $Houston American Energy (HUSA.US)$ $Indonesia Energy (INDO.US)$ $BP PLC (BP.US)$ $Exxon Mobil (XOM.US)$
$Chevron (CVX.US)$ $Phillips 66 (PSX.US)$ $Valero Energy (VLO.US)$ $Devon Energy (DVN.US)$ $Occidental Petroleum (OXY.US)$ $W&T Offshore (WTI.US)$ $United States Oil Fund LP (USO.US)$ $United Sts Brent Oil Fd Lp Unit (BNO.US)$ $Imperial Petroleum (IMPP.US)$ $Houston American Energy (HUSA.US)$ $Indonesia Energy (INDO.US)$ $BP PLC (BP.US)$ $Exxon Mobil (XOM.US)$
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Silverbat : “Tesla Has No Reason to Worry About Mid-Term Demand, RBC Says”!
MedroMan : whoop whoop
SpyderCall OP Silverbat : $Tesla (TSLA.US)$ was the second worst performer in the S&P500 today. most of the downfall was yesterday after hours when earnings released
Romantic Capybear : K
Justin Zacks : Very true, Tuesday will be a key day. The whole week is very important in terms of earnings with companies representing more than half of the market capitalization of the stock market reporting earnings.
SpyderCall pointed out the key stock reporting Tuesday. Here are some of the heavyweights in the days that follow:
Wednesday: $Bristol-Myers Squibb (BMY.US)$, $Boeing (BA.US)$, $Meta Platforms (META.US)$
Thursday: $McDonald's (MCD.US)$, $Amazon (AMZN.US)$, $Apple (AAPL.US)$, $Intel (INTC.US)$
Friday: The two largest major oil companies in the US - $Exxon Mobil (XOM.US)$, $Chevron (CVX.US)$
The views and opinions of Mooney Navigator are those of the author who is not an associated person of Moomoo Financial Inc. The view and opinions of the author do not reflect the views of Moomoo Financial Inc. or any of its affiliates. The views and opinions of the author are provided for informational purposes only, do not constitute a recommendation of an investment strategy or to buy, sell, or hold any investment in any form, and are not research reports and should not be used to serve as the basis for any investment decision. All investments involve risk including the loss of principal and past performance does not guarantee future results.
SpyderCall OP Justin Zacks : good stuff. Huge earnings week. thursday is another key day with apple and amazon for sure. friday will be a key day for the broader oil industry. many other oil companies might catch sentiment if the big names have some big moves off of earnimgs
The BIZ : I believe this could very well possibly one of the underlying factors supporting a decent bear market rally headed into the end of the year .... the seasonal effect, mid terms, and the fact that this is probably our last good earnings release before they start to really reflect all of the Feds monitairy tightening and theU.S. GDP slowdown
The BIZ : Companies like Microsoft will be impacted by international issues (strong dollar, China lock downs, etc. ) but will most likely still be able to meet if not beat estimates because it simply has enough cash to deal with it. I expect that most of these large S&P 500 companies are going to release good earnings IF what we have seen so far (although it was other sectors and not tech) as any kind of indicator. Smaller companies, especially with advertising as their main source of revenue (Snap Chat SNAP) Will probably not fair so we'll this quarter..... this will make some amazing options plays!
SpyderCall OP The BIZ : very good point. the interest rate hikes have a lagging effect on earnings. like it will take some time before we see the initial effects of the interest rate hikes. some are saying the job market hasnt seen anything yet. next year will be way worse for jobs supposedly due to the lagging effect of the interest rate increases
SpyderCall OP The BIZ : I know. Im excited for the volatility! let me know of any good options plays you think of. Im always open to checking out any plays
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