The month of January hasn’t been the best for stocks, to say the least…
The S&P 500 experienced its worst month since COVID-19 took the world by storm in 2020. I mean, we’ll see where things close on what’s shaping up to be a big Monday… But it’s down more than 8% from its intraday high earlier this month, and down 7% for January.
This could be a warning sign for what’s to come later this year…
But there’s also some major market-moving stocks reporting earnings this week that have enough power to sway things…
2 Market-Moving Stocks for 2022
Before we jump into these market-moving stocks, I want to show you something in the Invesco QQQ Trust Series 1 (Nasdaq: QQQ), an ETF that tracks the Nasdaq 100.
In the chart above, you can see the QQQ is trading below both its 50- and 200-day moving averages. The S&P 500 is touching its 200-day MA for those of you who are wondering…
If the QQQ can break above its 200-day MA, or at least go near it, it would show investors and traders that sentiment is improving.
The QQQ doesn’t trade below these levels too often. But if it does, it’s important and means we’re at the very bottom.
So now could be the perfect time to invest in Alphabet Inc. Class A (Nasdaq: GOOGL), or the first market-moving stock reporting earnings this week.
GOOGL is expected to report Tuesday after the market close.
The stock is already trading above its 200-day MA and outperforming the QQQ in terms of strength, so analysts expect revenue to come in around $71.9 billion — a 36% jump from Q4 2020’s earnings.
And I wouldn’t be shocked if this stock bolted toward all-time highs soon…
Check out my short video below to get the next market-moving stock set to report earnings this week.
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