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The Zacks Analyst Blog Highlights Meta Platforms, Apple, Amazon, Alphabet and Microsoft
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For Immediate Release
Chicago, IL – October 24, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Meta Platforms (META - Free Report) , Apple (AAPL - Free Report) , Amazon (AMZN - Free Report) , Alphabet (GOOGL - Free Report) and Microsoft (MSFT - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Big Q3 Earnings Coming Our Way: MSFT, GOOGL & More
Markets closed yesterrday back where they traded earlier in the pre-market session — with the exception of the Nasdaq, which closed higher for the day. The self-policing of high-bond-yield wariness is keeping equities from jumping ahead, even amidst a better-than-expected Q3 earnings season thus far adding some positive sentiment — or at least dimming fears of a near-term recession. The Dow slipped -190 points today, -0.58%, while the Nasdaq gained +34 points, +0.27%. The S&P 500 split the difference, -0.17%, while the small-cap Russell 2000 lost -0.69%.
The key phrase there is "Q3 earnings season thus far"... Some of the biggest companies on the planet, including a few members of the formerly-known-as FAANG — Meta Platforms, Apple, Amazon, Alphabet — as well as Microsoft and many others are issuing quarterly reports this week. The basic hugeness of these firms, many of which also constitute the "Magnificent 7" stocks that rose to year-to-date highs on prospective strength in the A.I. space, means they can change the trajectory of earnings season all by themselves.
Bond yields always seem to claim a paragraph or so in this column these days, and I suppose this afternoon is no exception: the 10-year bond yield, which had breached +5% momentarily prior to the opening bell on the stock market, pulled back a somewhat noteworthy 15 basis points (bps). The 2-year, which looked willing to give up the inversion of the yield curve earlier, only came down to +5.06% — a scant 5 bps or so. For certain, bond yields are doing some of the Fed's work for them, curbing any excessive appetite in the equities market.
You can tell a lot about the economic health of the U.S. just by tracking thoese companies alone. Continued positive results would keep some upward pressure on stocks, but it's unclear how much. In normal times, with bond yields so low as to be easily dismissed, strong earnings numbers would send markets on an end-of-the-year surge.
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights Meta Platforms, Apple, Amazon, Alphabet and Microsoft
For Immediate Release
Chicago, IL – October 24, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Meta Platforms (META - Free Report) , Apple (AAPL - Free Report) , Amazon (AMZN - Free Report) , Alphabet (GOOGL - Free Report) and Microsoft (MSFT - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Big Q3 Earnings Coming Our Way: MSFT, GOOGL & More
Markets closed yesterrday back where they traded earlier in the pre-market session — with the exception of the Nasdaq, which closed higher for the day. The self-policing of high-bond-yield wariness is keeping equities from jumping ahead, even amidst a better-than-expected Q3 earnings season thus far adding some positive sentiment — or at least dimming fears of a near-term recession. The Dow slipped -190 points today, -0.58%, while the Nasdaq gained +34 points, +0.27%. The S&P 500 split the difference, -0.17%, while the small-cap Russell 2000 lost -0.69%.
The key phrase there is "Q3 earnings season thus far"... Some of the biggest companies on the planet, including a few members of the formerly-known-as FAANG — Meta Platforms, Apple, Amazon, Alphabet — as well as Microsoft and many others are issuing quarterly reports this week. The basic hugeness of these firms, many of which also constitute the "Magnificent 7" stocks that rose to year-to-date highs on prospective strength in the A.I. space, means they can change the trajectory of earnings season all by themselves.
Bond yields always seem to claim a paragraph or so in this column these days, and I suppose this afternoon is no exception: the 10-year bond yield, which had breached +5% momentarily prior to the opening bell on the stock market, pulled back a somewhat noteworthy 15 basis points (bps). The 2-year, which looked willing to give up the inversion of the yield curve earlier, only came down to +5.06% — a scant 5 bps or so. For certain, bond yields are doing some of the Fed's work for them, curbing any excessive appetite in the equities market.
You can tell a lot about the economic health of the U.S. just by tracking thoese companies alone. Continued positive results would keep some upward pressure on stocks, but it's unclear how much. In normal times, with bond yields so low as to be easily dismissed, strong earnings numbers would send markets on an end-of-the-year surge.
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Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.