For Immediate Release
Chicago, IL – October 24, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Meta Platforms META, Apple AAPL, Amazon AMZN, Alphabet GOOGL and Microsoft MSFT.
Here are highlights from Monday’s Analyst Blog:
Big Q3 Earnings Coming Our Way: MSFT, GOOGL & More
Markets closed yesterrday back where they traded earlier in the pre-market session — with the exception of the Nasdaq, which closed higher for the day. The self-policing of high-bond-yield wariness is keeping equities from jumping ahead, even amidst a better-than-expected Q3 earnings season thus far adding some positive sentiment — or at least dimming fears of a near-term recession. The Dow slipped -190 points today, -0.58%, while the Nasdaq gained +34 points, +0.27%. The S&P 500 split the difference, -0.17%, while the small-cap Russell 2000 lost -0.69%.
The key phrase there is “Q3 earnings season thus far”… Some of the biggest companies on the planet, including a few members of the formerly-known-as FAANG — Meta Platforms, Apple, Amazon, Alphabet — as well as Microsoft and many others are issuing quarterly reports this week. The basic hugeness of these firms, many of which also constitute the “Magnificent 7” stocks that rose to year-to-date highs on prospective strength in the A.I. space, means they can change the trajectory of earnings season all by themselves.
Bond yields always seem to claim a paragraph or so in this column these days, and I suppose this afternoon is no exception: the 10-year bond yield, which had breached +5% momentarily prior to the opening bell on the stock market, pulled back a somewhat noteworthy 15 basis points (bps). The 2-year, which looked willing to give up the inversion of the yield curve earlier, only came down to +5.06% — a scant 5 bps or so. For certain, bond yields are doing some of the Fed’s work for them, curbing any excessive appetite in the equities market.
You can tell a lot about the economic health of the U.S. just by tracking thoese companies alone. Continued positive results would keep some upward pressure on stocks, but it’s unclear how much. In normal times, with bond yields so low as to be easily dismissed, strong earnings numbers would send markets on an end-of-the-year surge.
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Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
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Meta Platforms, Inc. (META) : Free Stock Analysis Report
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