This week is earnings season!! Place your bets carefully.
2024-10-29
This week is going to be a busy period for the U.S. stock market, filled with uncertainty and significant events.
Not only will tech giants be releasing their financial reports one after another, which will affect market sentiment,
but also potential fluctuations in the yen against the dollar due to policy changes in Japan, and the upcoming election results,
all of which will be the focus of market attention.
In addition, with the increased uncertainty of these events, the Volatility Index may become an important tool for investors to measure market volatility.
1. Google: According to market analysis, investor confidence in Google will depend on its management of future antitrust risks and the market
performance of its cloud computing, advertising, and YouTube businesses in the third quarter. Google's third-quarter revenue
is expected to reach $86.23 billion, a year-on-year increase of 12.44%, with earnings per share expected to be $1.84, a year-on-year increase of 18.97%.
2. Microsoft and Meta: Microsoft and Meta will release their financial reports on October 30th. Microsoft's expected revenue is $64.542 billion,
a year-on-year increase of 14.2%, with expected earnings per share of $3.10, a year-on-year increase of 3.76%. For Meta Platforms,
the market's focus is on its advertising business revenue, capital expenditure, and the performance of the "Metaverse" Reality Lab.
Meta's third-quarter revenue is expected to be $40.299 billion, a year-on-year increase of 18.02%, with earnings per share of $5.28, a year-on-year increase of 20.24%.
3. Apple and Amazon: Apple and Amazon's financial reports will be released on October 31st. Due to the huge market value of these companies,
their combined weight in the S&P 500 index reaches 23%, so their performance may have an impact on the entire index.
4. AMD and Coinbase: In addition to the aforementioned tech giants, Advanced Micro Devices (AMD) and
Coinbase will also release their financial reports this week. Coinbase's subscription and service revenue in the second quarter of 2024 increased by 17% year-on-year,
while Meta's revenue in the second quarter of 2024 was $39.071 billion, a 22% increase compared to the same period last year.