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Tuesday’s Big Tech Earnings Offer Key Insights for Traders

by | Feb 1, 2022 | Market Updates

We’re starting to see some signs of life after what has been an ugly and volatile start to the new year…

Strong Q4 2021 earnings from big tech leaders Microsoft Corp. (Nasdaq: MSFT) and Apple Inc. (Nasdaq: APPL) helped turn the tide last week.

The good vibes from Friday’s rally carried over into Monday’s trading with a little help from this week’s earnings lineup and a squeeze in several heavily shorted stocks.

The squeeze helped catapult beaten-down online gambling stock DraftKings Inc. (Nasdaq: DKNG) as much as 7.75% early Monday, scoring a solid 50% win for Wiretap Alerts in the process!

Not to be outdone, the New Money Crew Weekend Watchlist also crushed Monday’s trading….

All three names moved up on the day with Rivian Automotive Inc. (Nasdaq: RIVN) leading the pack, moving as high as 12.7% —  pushing the at-the-money RIVN Feb. 4 $58 strike calls up 120%!

Market momentum has cooled a bit Tuesday, but we have another set of big tech earnings from Q4 2021 serving as big catalysts this week… And the fun is just getting started!

Markets Look for Insight From Tuesday’s Big Tech Earnings From Q4 2021

All traders’ eyes will need to watch what happens after the bell on Tuesday when we get Q4 2021 earnings numbers from Google parent company Alphabet Inc. (Nasdaq: GOOGL), General Motors Co. (NYSE: GM) and Advanced Micro Devices Inc. (Nasdaq: AMD).

Google’s earnings event comes at a critical point for the tech sector. A beat could help the Nasdaq turn the corner… at least in the near term, giving us a look under the hood for other heavy hitters in the industry. 

Google’s enterprise cloud services will be of particular interest for Amazon.com Inc. (Nasdaq: AMZN) holders. Meanwhile, advertising revenues will offer insight into names like Meta Platforms Inc. (Nasdaq: FB) and Snap Inc. (NYSE: SNAP) to see how the sector has reacted to the new iPhone security settings that cratered the stocks in Q3.

General Motors isn’t a tech stock, but the carmaker will give Wall Street another opportunity to take the temperature of the semiconductor shortage. While Tesla Inc. (Nasdaq: TSLA) CEO Elon Musk noted that supply chain issues will continue being a limiting factor for the EV company, GM will be more telling as far as how things are faring in Detroit ahead of the Ford Motor Co. (NYSE: F) report after the close Thursday.

And if we’re going to talk semiconductors, we need to include New Money Crew Weekend Watchlist member, AMD. 

Though Q42021 hasn’t been kind to big tech chipmakers so far, the bullish bettors peppering the Blitz Tracker are looking for growing profit margins and a greenlit takeover of Xilinx Inc. (Nasdaq: XLNX) to make AMD the exception.

Check out the short video below to see the Blitz Tracker spot some outsized AMD flow, and let’s talk about Tuesday’s big tech Q4 2021 earnings. 

Don’t forget you can follow me @LanceIppolito on Twitter, Instagram and our YouTube channel for more trading insights and tips. And as always, you can find me right here talking stocks and options trading — and printing money — on WealthPress.com

P.S. Of the 138 trades taken in 2021, one straightforward trading routine has scored 87 winning trades… 

And 50 of those wins have come overnight.

In the past couple of months my “Overnighters” have pegged returns of 76%, 100%, 109%, 254%… even an incredibly rare 925%…

And now I’m opening the doors to the Overnighters Club to share this secret strategy! 

 

Find Out How I Did It!

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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