Tech Stocks Trudge, Blue Chips Set To Extend Record Winning Streak: What's Driving Markets Monday?
Portfolio Pulse from Shanthi Rexaline
US stocks are expected to start the week positively, driven by anticipation of tech earnings. The market has already factored in a 25 basis point hike from the Federal Reserve. Last week saw positive market performance from blue-chip and small-cap stocks, while tech stocks experienced turbulence due to earnings reports from Tesla and Netflix. The upcoming week is expected to be dictated by tech earnings, with Microsoft, Alphabet, and Meta Platforms being key. In premarket trading, the SPDR S&P 500 ETF Trust rose 0.24% and the Invesco QQQ ETF gained 0.29%.
July 24, 2023 | 10:35 am
News sentiment analysis
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NEGATIVE IMPACT
Netflix's stock experienced turbulence last week due to its earnings report.
The earnings report from Netflix last week caused some turbulence in its stock price. This could potentially continue into the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tesla's stock experienced turbulence last week due to its earnings report.
The earnings report from Tesla last week caused some turbulence in its stock price. This could potentially continue into the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Alphabet's earnings report this week is expected to have a significant impact on the market.
The upcoming earnings report from Alphabet is expected to have a significant impact on the market. The direction of this impact is uncertain at this time.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Meta Platforms' earnings report this week is expected to have a significant impact on the market.
The upcoming earnings report from Meta Platforms is expected to have a significant impact on the market. The direction of this impact is uncertain at this time.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Microsoft's earnings report this week is expected to have a significant impact on the market.
The upcoming earnings report from Microsoft is expected to have a significant impact on the market. The direction of this impact is uncertain at this time.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The Invesco QQQ ETF gained 0.29% in premarket trading.
The Invesco QQQ ETF gained in premarket trading, indicating a positive start to the week for this ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust rose 0.24% in premarket trading.
The SPDR S&P 500 ETF Trust rose in premarket trading, indicating a positive start to the week for this ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80