{"id":76898,"date":"2023-10-26T01:23:52","date_gmt":"2023-10-26T05:23:52","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/google-and-microsoft-earnings-impress-with-meta-scheduled-to-report-tonight\/"},"modified":"2023-10-26T01:23:55","modified_gmt":"2023-10-26T05:23:55","slug":"google-and-microsoft-earnings-impress-with-meta-scheduled-to-report-tonight","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=76898","title":{"rendered":"Google And Microsoft Earnings Impress With Meta Scheduled To Report Tonight"},"content":{"rendered":"<div>\n<p><strong>Key Takeaways<\/strong><\/p>\n<ul>\n<li>Microsoft Reports Strong Numbers<\/li>\n<li>Google Cloud Revenues Disappoint<\/li>\n<li>Meta Scheduled To Report Tonight<\/li>\n<\/ul>\n<p>Stocks gained on the backs of some better-than-expected earnings Tuesday. The S&amp;P 500 rose 0.7% and the Nasdaq Composite gained just under 1%. Bonds rallied as well, sending yields slightly lower. We\u2019ll see if last night\u2019s earnings are enough to keep the market moving forward. We will get more info tonight, but as we have said, it is difficult for those few stocks to continue and carry the load.<\/p>\n<p>The biggest names reporting earnings on Tuesday were Google parent, Alphabet and Microsoft. Google reported a strong quarter, growing revenues by 11% with ad growth picking up pace. Ad sales on YouTube TV picked up 12%. However, the company reported weaker than anticipated growth in its cloud computing division. Meantime, Microsoft reported better than expected revenue growth, buoyed by demand for its cloud services. The Azure business reported growth of 29%, above expectations. In premarket trading, Google is down around 6% while Microsoft is up nearly 4%..<\/p>\n<p>After consecutive quarters of declining sales, Snap reported a 5% growth in revenue, topping analyst expectations of a loss of 1.6%. Much like Google, ad revenues play a significant role for Snap and the company reported improvements to its ad platform. Shares of Snap are higher by 3% premarket. There were a number of other companies reporting overnight. Texas Instruments disappointed with their earnings and provided a weak outlook. That stock is down nearly 7% in premarket. Shares of Visa are down a little more than 1%. The company beat estimates driven by strong international travel. Visa also announce a $25 billion stock buyback. Hilton reported earnings that topped estimates but offered a downbeat outlook, discussing a \u201cmeaningful uptick\u201d in openings, as in unbooked rooms, is expected. In other words, demand slowing going forward. Hilton shares are unchanged in premarket.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<p>Earnings will continue garnering headlines tonight as Facebook parent, Meta, is scheduled to report. Then tomorrow after the close, we\u2019ll hear from Amazon. For Meta, I\u2019m particularly interested in their ad number as we\u2019ve already seen some positive upside surprises from Google and Snap. Amazon earnings will provide a sneak peek at what to expect this holiday season.<\/p>\n<p>Mixed in with all the earnings numbers, we\u2019re going to get some pretty important economic reports as well. Reports on Durable Goods and Pending Home Sales are due out tomorrow. Then on Friday, the latest Personal Consumption Expenditures (PCE) report will be released. The PCE report weighs heavily in the Fed\u2019s decision making process with respect to interest rates. While there is almost near certainty the Fed will leave rates alone when they meet next week, the report will likely factor into the December Fed meeting.<\/p>\n<p>As we head into the morning, Nasdaq and S&amp;P futures are down slightly. Volatility is up around 0.75% and bonds are down 0.25%. On Monday, the S&amp;P 500 broke below its 200 day moving average, but bounced back above it yesterday. I\u2019m keeping my eye on that as it can have technical significance. I\u2019m also watching volatility given the number of earnings being reported this week and next, as well as all the economic data due out. As always, I would stick with your investing plan and long term objectives.<\/p>\n<p><em>tastytrade, Inc. commentary for educational purposes only. This content is not, nor is intended to be, trading or investment advice or a recommendation that any investment product or strategy is suitable for any person.<\/em><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/jjkinahan\/2023\/10\/25\/google-and-microsoft-earnings-impress-with-meta-scheduled-to-report-tonight\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Microsoft Reports Strong Numbers Google Cloud Revenues Disappoint Meta Scheduled To Report Tonight Stocks gained on the backs of some better-than-expected earnings Tuesday. The S&amp;P 500 rose 0.7% and the Nasdaq Composite gained just under 1%. Bonds rallied as well, sending yields slightly lower. We\u2019ll see if last night\u2019s earnings are enough to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-76898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Google And Microsoft Earnings Impress With Meta Scheduled To Report Tonight | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Key Takeaways Microsoft Reports Strong Numbers Google Cloud Revenues Disappoint Meta Scheduled To Report Tonight Stocks gained on the backs of some\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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