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Will the Market Rally on Apple, Amazon’s BIG Earnings?

by | Jul 29, 2022

The S&P 500 and Nasdaq are up on a strong earnings report from Apple — and more in Friday’s stock market recap.

Shares of the consumer tech favorite trended higher in premarket trading as Apple Inc. (Nasdaq: AAPL) beat Wall Street estimates for both quarterly earnings and revenue.

CEO Tim Cook expects strong revenue growth for the current quarter, but cautioned about slowdowns in certain areas of the company’s business, namely the growth in its services.

Meanwhile, Amazon.com Inc. (Nasdaq: AMZN) missed on earnings-per-share estimates but beat on revenue. Amazon’s executives also said inflation didn’t appear to be hitting the company’s customers as hard as it hit those of other retailers.

In this morning’s stock market recap video, I’ll reveal a full review of the major events this week and what to expect next week… what earnings and key technical levels are pointing to… key levels for tech, and where we’re going next… which sectors are set to bounce higher and which are set to decline… plus an update on volatility and key price points to watch now.

Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!

P.S. This New Indicator Is Causing a Big Stir 

What fellow trader Lance Ippolito and his New Money Crew team have been working on is nothing short of incredible… It’s something totally different from anything he’s EVER done before.

It has nothing to do with option flow, insider buying, and it’s not a new trade alert service… Instead, it’s a brand-new indicator he’s been working on for years and never shared before.

He thinks it could be a major asset for folks looking to survive — and even thrive — in 2022 and beyond.

Lance is revealing all the details at 1 p.m. EDT TODAY, Friday, July 29. To get more details on his incredible indicator…

Register for the Event Here!

P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.

That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!

Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.

Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.

Stock Market Recap: By the Numbers

This morning’s stock market futures recap:

DOW (mini)

  • Close: 32,529.63.
  • Futures: 32,478.
  • Change: -12.

S&P 500 (mini)

  • Close: 4,072.43.
  • Futures: 4,086.75.
  • Change: +13.25.

NASDAQ (mini)

  • Close: 12,717.87.
  • Futures: 12,799.
  • Change: +61.5.

RUSSELL (mini)

  • Close: 1,873.03.
  • Futures: 1,872.2.
  • Change: -0.6.

Note: Updated as of 9:29 a.m. EDT

On Fridays, we’ll review the week that was… We’ll discuss how our trades did, what we learned and how to apply it to next week’s trading plan, and any developing trade setups. This video will put a bow on the week. We’ll also go over winners from my different member strategies.

Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to support@marketgeeks.com!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.

WRITTEN BY<br>Roger Scott

Roger Scott

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