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Weekly stock market analysis – US Q3 GDP Report, Earnings Analysis on Microsoft, Google, Meta, Apple and Amazon.
🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ Click Here
⬇️Timestamps:
0:00 → Economic Updates
1:20 → US Q3 GDP Report (Advance Estimate)
3:00 → Microsoft Earnings Analysis
4:17 → Google Earnings Analysis
5:19 → Meta Earnings Analysis
6:06 → Apple Earnings Analysis
8:03 → Amazon Earnings Analysis
9:00 → Upcoming Important Dates
One after another, tech giants delivered a roughly similar message this week: Sales are slowing from personal computers to digital advertising and e-commerce amid soaring interest rates and rampant inflation. Even growth in cloud computing, regarded as something close to recession-proof because the services can help businesses save money, is decelerating.
Amazon and Microsoft said that growth in their cloud computing businesses was slowing more than expected as customers looked to rein in their spending growth. The news added to fears that some of the businesses thought to be most resilient in a slowdown, including cloud computing and Google’s search advertising, were starting to suffer.
Meta Platforms Inc. gave a forecast for revenue in the fourth quarter that was on the low end of analysts’ estimates, showing the social-media platform continues to struggle with a weak advertising market amid an economic slowdown.
Apple’s quarterly revenue exceeded Wall Street estimates thanks to brisk sales of Mac computers and wearables like watches. However, Apple warned that growth wouldn’t be as good in the current quarter.
The spread between the yields on the 10-year and 2-year Treasury notes has been inverted for more than a month, and is now standing at -0.40%. An inverted yield curve has historically been a reliable indicator of a coming recession, coming most recently before downturns in 1990, 2001, and 2008. While brief inversions typically don’t predict a downturn, ones that last beyond a momentary flashing can have stronger predictive power.
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Disclaimer: The content on this channel is for educational purposes only and merely cites my own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.
