Latest / The SPY Trader / PreMarket Pulse: Tech Titans & Trading Tips

Transcript

PreMarket Pulse: Tech Titans & Trading Tips · The SPY Trader

• 0:00
  Good day,
• 0:00
  traders!
• 0:01
  Welcome back to another episode of Spy Trader,
• 0:04
  I’m your host,
• 0:05
  Chuck Finesta,
• 0:06
  It’s bright and early,
• 0:08
  6:00 AM on August 1,
• 0:10
  2024,
• 0:10
  and we've got sizzling hot market updates,
• 0:13
  So grab your coffee and let’s dive in!
• 0:17
  First up,
• 0:18
  Applied Materials missed out on U,
• 0:20
  S,
• 0:21
  Chips Act funding for their R&D center,
• 0:24
  but still reported betterthanexpected Q2 earnings with revenues of $6,
• 0:28
  646 billion and an EPS of $2,
• 0:31
  09,
• 0:31
  They’re projecting Q3 revenues of $6,
• 0:34
  65 billion,
• 0:34
  Next,
• 0:35
  Meta Platforms reported Q2 revenues of $39,
• 0:38
  1 billion,
• 0:39
  a 22% YoY increase,
• 0:40
  driven by AI investments,
• 0:42
  They forecast Q3 revenues between $38,
• 0:45
  5 billion and $41 billion,
• 0:47
  Meta's stock is up by 8,
• 0:49
  44% in premarket trading,
• 0:51
  Apple is set to release Q3 earnings with predictions of an EPS of $1,
• 0:57
  35 and $84,
• 0:58
  53 billion in revenues,
• 1:00
  Amazon is also in the spotlight for expected earnings growth from AWS services and advertising revenue,
• 1:06
  Broader economic indicators like jobs data and CPI should be watched,
• 1:11
  as Barclays and other banks report record trading revenues,
• 1:15
  Regarding Applied Materials,
• 1:16
  despite the funding snub,
• 1:18
  their strong financials driven by AI,
• 1:20
  IoT,
• 1:21
  and clean energy suggest longterm resilience despite shortterm dips,
• 1:25
  Meta's heavy AI investment is driving positive sentiment and premarket gains,
• 1:29
  Apple and Amazon's earnings could significantly impact the market; positive results might uplift the tech sector,
• 1:36
  while disappointments could trigger volatility,
• 1:38
  Here are my recommendations:
• 1:40
  Applied Materials investors,
• 1:41
  avoid panic selling on funding news; fundamentals are strong,
• 1:45
  2,
• 1:46
  Consider adding Meta to your portfolio given strong earnings and AI investments,
• 1:51
  3,
• 1:51
  Watch Apple and Amazon earnings closely today for significant market movement opportunities,
• 1:56
  Finally,
• 1:57
  a lighthearted moment: Why did the lemon stop investing in stocks?
• 2:01
  It kept losing its zest,
• 2:03
  Stay zesty in your trading,
• 2:05
  folks!
• 2:06
  That’s all for this episode of Spy Trader,
• 2:09
  Stay informed,
• 2:10
  and we’ll catch you again soon,
• 2:13
  This is Chuck Finesta,
• 2:14
  signing off!