WALL STREET WRONG ON MICROSOFT AND GOOGLE, CHINA SELLING DOLLARS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Weak Earnings
Please click here for a chart of Microsoft (MSFT).
Note the following:
- Yesterday after market close, earnings were released from Microsoft (MSFT), Alphabet (GOOG, GOOGL), and Texas Instruments (TXN) providing robust data points for objective analysis.
- We previously shared with you that Wall Street positioning in MSFT and GOOG ahead of the earnings was positive. The price action shows that understanding positioning can give you an edge. For those who want to understand positioning and gain an edge, listen to the podcast “Market Mechanics: Positioning.”
October 26, 2022