MSFT, GOOG and META Forecast – Major Stocks Wait for After-Market Earnings

GOOG Technical Analysis

Google looks like it is going to rise a bit as well, and just like Microsoft, it does have an earnings call after the bell closes. We also have the central bank decision, so that, of course, will come into play a little bit. Right now, though, it looks like the market is pretty positive. A short-term pullback would be a nice buying opportunity from what I can see—unless, of course, the earnings report was horrible. But at this juncture, this is a market that is looking at this through the prism of artificial intelligence more than anything else. It’s a bubble. The bubble continues to inflate, and Google, of course, is one of the beneficiaries.

For Meta, the market is pretty flat during the pre-market session on Wednesday. Ultimately, this is a market that has a little bit of a gap underneath to fill. And just like the other two stocks, it does have an earnings report after the bell. The 50-day EMA is sitting just below the $735 level and rising, and I think that’s your short-term support. I like the idea of buying pullbacks and aiming for the $800 level.

Ultimately, though, this is a market that you could argue is in a larger consolidation area and has not been able to break out of it. We are directly in the middle of that, so we might be closer to fair value than most people realize. Volume is pretty steady, nothing to write home about—but again, I like buying dips.

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