The Big Four and oil companies lead the U.S. earnings season

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Crypto news, the four major giants along with some high-growth companies and oil companies have become the focus of this week’s US earnings calendar. Despite Alphabet releasing solid earnings, the market still fell; the capital expenditure guidance is close to $200 billion, and for the first time since going public, free cash flow turned negative. Tesla also slid. The message the market is sending is clear: simply praising AI spending is no longer a reason for a bull market. On Wednesday, Microsoft and Meta will release earnings; on Thursday, Apple and Amazon will follow suit. In addition, Wednesday afternoon the Federal Reserve will make a decision; Brent crude oil prices have first broken through $90, and the core PCE is expected to be 3.4%. Although the S&P 500 index is still up 8.3% this year, the market is being cautious, punishing any flaw. This earnings season has performed well: the growth rate tracking is +23%, the breadth is real, and the beat rate is strong. However, two factors that affect valuations—discount rates and oil prices—have continued to deteriorate. All factors will converge this week.
TSLA-2.03%
MSFT0.06%
META-1.78%
AAPL3.57%
AMZN-0.64%
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