🚀 Wall Street Radar: Stocks to Watch Next Week
💼 Volume 12: 📊 Earnings Season: Will Big Tech Stabilize the Market? 🤔
The current market environment is characterized by deteriorating sector indexes and weakening market breadth. This volatility has raised concerns among investors, prompting a closer examination of upcoming earnings reports from major tech companies. The SPY and IWM, key indicators of market sentiment, have shown signs of caution, with the IWM turning yellow mid-week and the SPY following suit on Friday.
(please check our Market Monitor for additional information)
The earnings reports from Apple (AAPL), Google (GOOGL), and Meta (META) are pivotal in determining the market's trajectory. These tech giants have the potential to either stabilize the market or trigger a larger correction if their results disappoint. Investors are closely watching these earnings, as they could provide the support needed to maintain current levels or exacerbate the existing volatility.
Our proprietary system, which tracks market sentiment, has shifted from green (bullish) to yellow (caution) for both the IWM a…
Keep reading with a 7-day free trial
Subscribe to Market Moves by GBC to keep reading this post and get 7 days of free access to the full post archives.