Apple, AMD, Palantir Earnings On Deck This Week As Market Seeks Positive Catalysts In Fed Decision Week
Portfolio Pulse from Shanthi Rexaline
The third-quarter earnings season has been mixed, with some high-profile companies like Meta Platforms and Alphabet disappointing investors, while others like Microsoft and Amazon have calmed nerves with positive results. Energy giants Exxon Mobil and Chevron reported below-consensus earnings, dragging down the profit growth of S&P 500 companies. This week, tech companies like Apple, AMD, and Qualcomm are set to release their earnings, which could influence the near-term trajectory of the equity market. The market is also awaiting the Fed decision due Wednesday.
October 30, 2023 | 7:40 am
News sentiment analysis
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POSITIVE IMPACT
Amazon calmed investors with positive commentary regarding the near term.
Amazon's positive commentary regarding the near term could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft calmed investors' nerves with stellar results.
Microsoft's stellar results could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Qualcomm is expected to have a beat-and-raise quarter.
The expectations for Qualcomm's earnings could positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Apple's upcoming earnings report is highly anticipated, as it is seen as a barometer of the health of the global economy and consumer spending.
The anticipation surrounding Apple's earnings report could cause volatility in its stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
AMD is expected to post in-line to slightly higher results and issue an in-line to slightly lower guidance.
The expectations for AMD's earnings could cause volatility in its stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Chevron reported below-consensus earnings for the quarter.
Chevron's below-consensus earnings could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Alphabet spooked investors with its cautious guidance.
Alphabet's cautious guidance could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Meta Platforms reported softer-than-expected cloud revenue, disappointing investors.
The softer-than-expected cloud revenue from Meta Platforms could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust, which tracks the performance of the S&P 500 Index, ended Friday’s session down 0.45%.
The decline in the SPDR S&P 500 ETF Trust could indicate a negative trend in the overall market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Exxon Mobil reported below-consensus earnings for the quarter.
Exxon Mobil's below-consensus earnings could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80