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Taking Stock: What’s Buzzing on Wall Street This Week
You know the deal, folks. The Big Apple financial world is gearing up for another whirlwind of a week, with Big Tech earnings, juicy U.S. jobs reports, and the ever-telling PCE inflation data set to be the talk of the town.
Market Movers and Shakers
You’d think with tech stocks soaring, we’d be cruising. But nah, last Friday had Wall Street dancing to a mixed tune. The Nasdaq Composite hit a new rally-infused record, even while the S&P 500 and the Dow couldn’t keep their six-week winning rhythm alive. The S&P dipped 1%, and Dow had a steeper fall, dropping 2.7%. All thanks to a rapid spike in yields as whispers of strong economic outlooks shattered those dreamy Fed rate cut hopes.
Stars of the Earnings Season
Investors are hanging on every word of earnings reports from five of the so-called ‘Magnificent Seven’ tech giants. Alphabet, Microsoft, Meta Platforms, Apple, and Amazon are all set to spill the beans. Meta Platforms is on deck to dish out its third-quarter earnings post the Wednesday bell. Everyone’s got eyes on the AI magic trick it’s been weaving across its digital kingdom. With Facebook, Instagram, Messenger, and WhatsApp pulling the strings behind the curtain, there’s chatter about revenue riding a favorable 18% year-over-year wave. The stock shot up 7.4% last report; will it do the encore?
Meta Platforms at a Glance
| Current Value | |
|---|---|
| EPS Estimate | $5.27 (20.1% jump) |
| Expected Revenue | $40.3 billion |
| Year-To-Date Increase | 62% |
| Current Stock Price | $573.25 |
| Market Cap | $1.45 trillion |
Numbers reflect previous market data and should be checked for current accuracy.
The Other Side of the Coin: Intel’s Struggle
Meanwhile, Intel isn’t exactly painting a golden picture. The semiconductor heavyweight has had its share of stumbles trying to keep pace with nimble players like AMD and NVIDIA. Market watchers predict a harsh downturn with shares poised to potentially swing 7.9% either way after Thursday’s earnings reveal. With dwindling revenue forecasts and a sharp decline in PC demand nagging at its seams, the forthcoming report doesn’t promise roses.
Intel: What the Numbers Say
| Current Value | |
|---|---|
| Loss Estimate per Share | 2 cents (down from 41 cents) |
| Expected Revenue | $13.04 billion (8.2% drop) |
| Stock Drop | 30% post last earnings |
| Current Stock Price | $22.68 |
| Market Cap | $97 billion |
Stay updated with potential shifts in data post earnings announcements.
Mark Your Calendars
But don’t just take my word for it. The U.S. unemployment data drops this Friday, and economists predict a neat addition of 111,000 jobs. Consensus places the unemployment rate right at 4.1%. And yes, the PCE price index—beloved by the Fed—joins this week’s economic parade as well, adding its two cents on the inflation front.
Get in the Game or Sideline It
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Disclosure: Yours truly is bullish on the S&P 500 and Nasdaq 100 via the SPDR® S&P 500 ETF and Invesco QQQ Trust ETF. And yep, I mix it up with the Technology Select Sector SPDR ETF (NYSE: XLK) too. Always touch base with your financial advisor—the views here are mine and not to be mistaken for investment advice.
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