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It’s a Critical Week for Earnings and Fed Data as Tech Giants Report

by | Oct 24, 2022

The major indexes are up as the market prepares for its biggest week of earnings yet — and more in Monday’s stock market recap.

Tech giants like Facebook parent Meta Platforms Inc. (Nasdaq: META), Amazon.com Inc. (Nasdaq: AMZN), Apple Inc. (Nasdaq: AAPL), Microsoft Corp. (Nasdaq: MSFT) and Google parent Alphabet Inc. Class C (Nasdaq: GOOG) are all scheduled to report quarterly results.

Other names like General Motors Co. (NYSE: GM), Ford Motor Co. (NYSE: F), The Coca-Cola Co. (NYSE: KO), The Kraft Heinz Co. (Nasdaq: KHC) and McDonald’s Corp. (NYSE: MCD) will also report this week.

Wall Street also has its eye on consumer confidence, gross domestic product and consumer sentiment reports ahead of the Federal Reserve’s next meeting on Nov. 2.

In this morning’s stock market recap video, I’ll discuss the biggest reports this week from the Fed… which earnings reports we need to pay attention to… an update on bonds and whether the divergence will continue… updates on momentum levels and volatility… which sector is starting to heat up… whether the market is setting up for more upside or reverting lower… plus how to protect yourself in the current market environment.

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!

P.S. Introducing the Quantum Indicator

What I’m about to share with you is arguably the most impactful discovery in the history of WealthPress…

On Oct. 8, 2022, an entirely new way to enter and exit trades came to life.

It’s a system that has the ability to anticipate the future direction of the stock market a full day in advance.

I call it my “Quantum Indicator.”

I’m so excited about this new indicator, I’m holding a special live training event at 1 p.m. EDT on Wednesday, Oct. 26, where I’ll show how to install and even use the Quantum Indicator.

And the best part is, it doesn’t cost a thing to attend!

Sign Up 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. 

To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!

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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