Nvidia FRESH HIGH! | More Layoffs At META & Amazon | FAANG STOCK SHOW

Summary

In this video, the speaker analyzes the upcoming earnings reports for major tech companies like Meta, Apple, Amazon, Nvidia, Netflix, Google, Microsoft, and Tesla. They highlight potential trading opportunities and market trends, emphasizing the importance of earnings calls and technical patterns. The speaker notes that while some stocks are at all-time highs, others like Tesla and Nvidia show promise for upward movement. Investors are advised to be cautious and watch for key levels to determine buying opportunities. The discussion wraps up with an invitation for audience engagement and best wishes for their investments.

Takeaways

• 😀 Meta's upcoming earnings report on October 30, 2024, is crucial, as previous reports have led to significant price increases.
• 📈 Apple is nearing a fresh 52-week high, with expectations for solid iPhone sales data, although their earnings call is often less revealing.
• 🛒 Amazon needs to maintain levels above $200 to confirm upward momentum; its earnings report coincides with Apple's on October 31, 2024.
• 📊 Nvidia's long-term trend is positive, with significant buying opportunities having occurred since October 2022, despite earnings not being reported until November.
• 📉 Netflix is at an all-time high and is currently not considered a good buying opportunity, indicating it's fully valued.
• 🔍 Google is maintaining a critical technical level, with potential for a $30 upside and a $20 downside ahead of its earnings on October 29, 2024.
• 📅 Microsoft is on a sustainable uptrend and will report earnings on October 30, 2024, with guidance typically provided during the conference call.
• 🚗 Tesla is trying to maintain its trend line from April 2024, and recent patterns suggest a potential bounce point for investors.
• ⚖️ Overall, many companies are experiencing fluctuations in stock prices leading up to their earnings reports, highlighting the importance of timing in trading.
• 🔮 The analysis emphasizes caution and strategic planning as key elements for investors navigating the current market landscape.

Q & A

What is the significance of the upcoming earnings report for Meta?

The earnings report for Meta is significant as it could indicate whether the company can maintain its current stock levels. Historically, Meta has been able to gap up and exceed expectations after earnings, so a strong report could lead to substantial growth.

How is the market reacting to Apple's upcoming earnings report?

The market appears to be optimistic about Apple's upcoming earnings report, with investors bidding up the stock in anticipation of decent numbers. However, the report may not include significant new iPhone data, which could impact investor expectations.

What is the current technical outlook for Amazon's stock?

Amazon's stock is currently in a technical pattern where higher lows are being confirmed, indicating some bullish momentum. The stock needs to stay above $200 to maintain this positive trend ahead of its earnings report.

What key trend is observed in Nvidia's stock performance?

Nvidia has been on an upward trend since October 2022, having recently touched the bottom of this trend line, which provided a buying opportunity. The stock's sideways movement is notable, especially as it approaches its earnings report in November.

Why is Netflix not considered a buying opportunity at the moment?

Netflix is currently at an all-time high and is considered fully valued. It is not viewed as a buying opportunity until it experiences a significant reversal that presents a more attractive entry point.

What are the expectations for Google's earnings report?

There are hopes for a strong earnings report from Google, particularly given its ability to hold key technical levels. Investors are looking for a new higher high, especially with ongoing discussions regarding lawsuits and company restructuring during the conference call.

How does Microsoft's earnings report timing affect trading?

Microsoft's earnings report is significant because the company provides guidance during the conference call, usually about 30 minutes in. Traders should be mindful of this timing as stock movements often occur after this guidance is released.

What is the current trend for Tesla's stock?

Tesla is attempting to maintain an upward trend that began in April 2024, characterized by a series of higher highs and higher lows. Investors are cautious as a failure to confirm a new higher high could lead to lower prices.

What broader market trend does the speaker observe among tech stocks?

The speaker notes a general upward trend among several major tech stocks, with companies like Amazon, Nvidia, and Google showing positive technical patterns heading into their earnings reports.

What is the advice given for short-term investors in Tesla?

Short-term investors in Tesla are advised to consider taking profits if the stock bounces back from its current trend line. If the stock fails to retest and hold higher levels, it could indicate a decline in buying interest and potential lower prices.