Markets position for a Trump win + earnings beats from Apple, AMD, Google, Amazon | Trump Media +22%, Microstrategy +9%, IBIT +4%, Coinbase +5%

The main theme taking hold of markets is that investors are aggressively pricing in a Donald Trump victory. It seems some traders are trying to get their hands on anything and everything that could benefit from a Trump win. This is why Trump Media and Technology $Trump Media & Technology (DJT.US)$ shares jumped 22%, the biggest corporate holder of Bitcoin, MicroStrategy $MicroStrategy (MSTR.US)$, gained ~9%, Bitcoin rose 3%, the world’s biggest Bitcoin ETF, IBIT $iShares Bitcoin Trust (IBIT.US)$ , jumped 4.4%, and Coinbase $Coinbase (COIN.US)$ gained 5.4%. Meanwhile, gold continued to move up, holding near record highs. The backdrop is supportive of equity market gains too, with oil falling 5%, bond yields pulling back from three-month highs, and the US dollar stepping lower.

While markets are taking heed of the polls and bookies, getting primed and ready for a potential Trump win, investors are positioning for tech company victories too, especially from big tech companies reporting this week. And this is what investors are buying, boosting shares in Google-parent Alphabet $Alphabet-C (GOOG.US)$ , AMD $Advanced Micro Devices (AMD.US)$, as well as Meta $Meta Platforms (META.US)$ Apple $Meta Platforms (META.US)$  and Amazon $Amazon (AMZN.US)$.

All in all, a huge number of S&P 500 companies are reporting this week, and we’re in a cycle where the market seems OK with companies' earnings only growing by 3.8% in the quarter, which is slightly better than expected. This week’s mega-cap tech earnings and US jobs data could provide plenty of fuel to boost near-term momentum. But the question remains: will big tech stars Google $Alphabet-C (GOOG.US)$, Meta $Meta Platforms (META.US)$, Apple $Apple (AAPL.US)$ , and Amazon $Amazon (AMZN.US)$ deliver good news and grow their earnings and outlooks, or will they fall flat and take the wind out of the market’s sails?

The ASX 200 opened higher as expected, but it didn't gain as much as the futures expected (which suggested a rise of 0.6%). However the ASX200 $S&P/ASX 200 (.XJO.AU)$ is trading up for the second day, up 0.4% as a 11am.

Focus will be on technology shares and anything linked to Bitcoin, such as Square $Block Inc (SQ2.AU)$, which makes 40% of its money from Bitcoin transactions.

Lithium companies like $Pilbara Minerals Ltd (PLS.AU)$ and $Liontown Resources Ltd (LTR.AU)$ for example are also in focus  after Tesla’s $Tesla (TSLA.US)$ blowout earnings. BYD $BYD COMPANY (01211.HK)$ is next to report. BYD earnings are expected to be released tomorrow, expected to show record EV sales. This could boost lithium stocks.

Uranium stocks will be another key focus area as big tech companies such as Google and Amazon etc continue to seek out sources for net-neutral energy with big tech companies increasingly buying uranium from companies like Vistra $Vistra Energy (VST.US)$ and Constellation $Constellation Energy (CEG.US)$ .

The Uranium ETF, URA moved higher overnight perhaps in anticipation of increased business from big tech companies. Note the URA $Global X Uranium ETF (URA.US)$ has a correlation with the Nasdaq 100 $Nasdaq 100 (LIST91325.US)$

So keep an eye on local small uranium stocks $Paladin Energy Ltd (PDN.AU)$ and $Boss Energy Ltd (BOE.AU)$ and the world's biggest uranium ETF, $Global X Uranium ETF (URA.US)$ while you can also watch $Exchange Traded Concepts Trust North Shore Global Uranium Mng Etf (URNM.US)$ $Exchange Traded Concepts Trust North Shore Global Uranium Mng Etf (URNM.US)$.