Microsoft and Alphabet earnings after the close

The major stock indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term remain pressured with the NASDAQ index down nearly 2% ahead of some key earnings including Microsoft and Alphabet after the close.

A snapshot of the market currently shows:

• Dow industrial average is down -241 points or -0.76% at 31749
• S&P index down -49.13 or -1.24% at 3917.81
• NASDAQ index -225.60 or -1.91% at 11558.10

The NASDAQ index is testing/dipping below its 100 hour moving average at 11566.41 (see blue line in the chart below). Stay below is more bearish:

So what are investors expecting for the 2 key releases:

For Microsoft:

• earnings-per-share $2.29
• revenues $52.45 billion
• earnings-per-share guidance for Q1 2022 $2.47
• fiscal year 2022 $9.29
• revenue guidance Q1 2022 $51.53 billion
• revenue guidance FY 2022 $198.85 billion
• revenue guidance fiscal year 2023 $225.82 billion

Looking at the hourly chart of Microsoft, it fell from its 100 hour moving average near $259.33 currently (blue line in the chart below) and also its 200 hour MA at $257.72. Momentum selling has taken the price all the way down to $249.57. It would take a move back above the 100 hour moving average to tilt the bias back to the upside.

For Alphabet:

• earnings-per-share earnings-per-share $1.28
• revenues $69.95 billion
• earnings-per-share guidance Q3 2022 $1.37
• fiscal year 2022 EPS guidance $5.44
• revenue guidance Q3 2022 $73.04 billion
• revenue guidance fiscal year 2022 $294.27 billion
• revenue guidance fiscal year 2023 $335.89 billion

Microsoft is trading down $8.48 were -3.27% currently at the moment, while Alphabet is trading down$-2.62 for -2.44% at $105.10.