Strongest Earnings From Meta But The Stock Falls On Market Mechanics, Economy Running Hot
Portfolio Pulse from The Arora Report
Meta Platforms Inc reported strong earnings, but the stock fell due to market mechanics and economic uncertainty. The company's stock fell as it pointed out that Meta is an advertising business and the economic environment is uncertain. The stock market's reaction to Meta's earnings is similar to its reaction to Alphabet's earnings. The economy is running hot with Q3 GDP-Adv at 4.9% vs. 4.7% consensus and durable orders at 4.7% vs. 1.5% consensus. Money flows are positive in Meta but negative in Apple, Amazon, Alphabet, Microsoft, NVIDIA, and Tesla. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.
October 26, 2023 | 3:20 pm
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NEUTRAL IMPACT
Money flows are mixed in Invesco QQQ Trust Series 1.
Mixed money flows indicate that there is a balance between money moving in and out of the ETF, which could lead to a neutral impact on the ETF price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Money flows are mixed in SPDR S&P 500 ETF Trust.
Mixed money flows indicate that there is a balance between money moving in and out of the ETF, which could lead to a neutral impact on the ETF price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Money flows are negative in Apple.
Negative money flows indicate that more money is moving out of the stock than is moving in, which could put downward pressure on the stock price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Money flows are negative in Amazon.
Negative money flows indicate that more money is moving out of the stock than is moving in, which could put downward pressure on the stock price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Money flows are negative in Alphabet.
Negative money flows indicate that more money is moving out of the stock than is moving in, which could put downward pressure on the stock price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Meta reported strong earnings but the stock fell due to market mechanics and economic uncertainty. The stock market's reaction to Meta's earnings is similar to its reaction to Alphabet's earnings.
Meta's stock fell despite reporting strong earnings. This is due to market mechanics and economic uncertainty. The stock market's reaction to Meta's earnings is similar to its reaction to Alphabet's earnings, indicating a pattern in the market's reaction to tech companies' earnings.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Money flows are negative in Microsoft.
Negative money flows indicate that more money is moving out of the stock than is moving in, which could put downward pressure on the stock price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Money flows are negative in NVIDIA.
Negative money flows indicate that more money is moving out of the stock than is moving in, which could put downward pressure on the stock price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Money flows are negative in Tesla.
Negative money flows indicate that more money is moving out of the stock than is moving in, which could put downward pressure on the stock price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50