TMTB Weekly: GOOGL MSFT AMD AAPL META AMZN Previews
Happy Sunday! If you are enjoying our weeklies, please consider forwarding/sharing with a friend/colleague who would also enjoy being a TMTB sub. Thank you!
Hope everyone had a good first week of earnings. Lots to get to today — I’ll start with some quick thoughts on the market, talk about the first week of earnings so far, then move onto some earnings previews for GOOGL, MSFT, AMD, AAPL, META, and AMZN.
Bigger Picture - Where do we stand?
Since we are in the middle of earnings, I won’t spend too much time with the macro this week.
Since last week, there isn’t much new to say. QQQs were slightly down (50bps), ARKK flat, but semis underperformed down 3%, with the majority of the underperformance occurring on Friday post weaker prints by WDC and INTC.
Going through the charts in TMT this week, the winners vs. losers and Large cap vs. IWM theme we talked about last week continues to take center stage. We continue to see strength in large cap - this week more new highs from GOOGL, META, …