The market rose Thursday morning following a strong quarterly earnings report from Facebook parent Meta Platforms.
The social media company beat both top- and bottom-line estimates. Its second-quarter guidance also came in above analysts’ expectations. The news caused shares of Meta Platforms Inc. (Nasdaq: META) to pop 13% at the market open.
All eyes are now on Amazon.com Inc. (Nasdaq: AMZN) as it prepares to report after the market close Thursday afternoon.
Meanwhile, the latest gross domestic product report came in at 1.1% versus expectations of 2%, showing that the economy is beginning to slow.
In this morning’s stock market recap video, I’ll discuss earnings for the biggest stocks yet to report this week… an update on crucial momentum levels for the major sectors… whether the Federal Reserve is going to raise rates or hold steady… which reports are most vital right now… if the Nasdaq is really as strong as it appears or is weakening… which sector I’m hyper focused on right now and why… plus my top ETF and option pick this week!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
Last week, Lance Ippolito noticed that call buying in Amazon was heating up as traders started placing bullish bets ahead of the company’s upcoming earnings report…
While he can’t say for certain what’s going to happen, if Amazon beats estimates, it should be super bullish for the market!
That’s why he’s firing up his scanner and holding a special live trading session at 3 p.m. ET today, April 27, ahead of Amazon’s crucial announcement.
And Amazon isn’t the only company reporting after the close today… So is T-Mobile, Eli Lilly, Intel and more, so the action should be fast and furious!
Save Your Seat for Lance’s 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.
Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.
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 [email protected]!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.