Read the full article on Investing.com.
Excerpt:
- Despite an OK earnings season thus far, stocks are bearing the brunt of softening investor sentiment and corporate uncertainty
- This week 2,357 companies are expected to report for Q3, 170 from the S&P 500
- Potential Surprises this week: Caterpillar, JetBlue Airways
- Peak weeks for Q3 season run from October 23 - November 10
Big tech kicked off the first peak week of Q3 earnings season last week, and while the most watched names (Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Meta Platforms (NASDAQ:META), and Amazon (NASDAQ:AMZN)) beat on the top and bottom-lines, it didn't necessarily guarantee a bump in those stocks.
Despite posting better-than-expected headline results, Alphabet (NASDAQ:GOOGL) missed expectations for cloud revenues, causing shares to drop 12% in the 3-day post-earnings period. Meta posted stellar results, yet it was commentary from CFO Susan Li that had investors take the stock lower in after-hours trading.
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