Fate Of Nasdaq 100 Depends On Just Five Earnings This Week, Oil Falls On Israel Attack On Iran
Portfolio Pulse from The Arora Report
The Nasdaq 100's performance this week hinges on earnings reports from five major tech companies: Apple, Amazon, Alphabet, Meta, and Microsoft. The Invesco QQQ Trust Series 1 (QQQ) is in a resistance zone, and a positive earnings spark could lead to a breakout. Money flows are positive in major tech stocks and ETFs like QQQ and SPY. Meanwhile, oil prices have fallen due to geopolitical tensions, and the Japanese yen is weakening, impacting Japanese stocks.

October 28, 2024 | 3:10 pm
News sentiment analysis
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POSITIVE IMPACT
Apple is one of the five major tech companies reporting earnings this week, which will significantly impact the Nasdaq 100 and QQQ.
Apple's earnings are a key factor in the performance of the Nasdaq 100 and QQQ, as it is one of the largest components. Positive results could boost the index.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Amazon's earnings report this week is critical for the Nasdaq 100 and QQQ, as it is one of the major tech companies influencing the index.
Amazon's earnings will significantly impact the Nasdaq 100 and QQQ due to its large market cap and influence. Positive earnings could lead to a rally.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Alphabet's earnings report is one of the key events this week that could influence the Nasdaq 100 and QQQ.
As a major component of the Nasdaq 100, Alphabet's earnings will play a significant role in the index's performance. Positive results could drive the index higher.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Meta Platforms' earnings report is a significant event this week that could impact the Nasdaq 100 and QQQ.
Meta's earnings are important for the Nasdaq 100 due to its large influence on the index. Positive earnings could lead to a positive market reaction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Microsoft's earnings report is a major event this week that could affect the Nasdaq 100 and QQQ.
Microsoft's earnings will significantly impact the Nasdaq 100 and QQQ due to its large market cap. Positive results could lead to a rally in the index.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
The Invesco QQQ Trust Series 1 is in a resistance zone, and its performance this week is heavily dependent on earnings reports from major tech companies. A positive earnings outcome could lead to a breakout.
The QQQ ETF is closely tied to the performance of major tech stocks, which are reporting earnings this week. Positive earnings could lead to increased investor confidence and a breakout from the resistance zone.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90