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    Home » Weekly Trading Forecast October 24-28, 2022
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    Weekly Trading Forecast October 24-28, 2022

    Francisco MeyerBy Francisco MeyerOctober 24, 2022No Comments3 Mins Read
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    Weekly Trading Forecast October 24-28, 2022

    What to trade on October 24-28? Many of the US’s largest publicly traded companies will announce quarterly financial reports this week. As always, it will cause an increased movement of stock prices here. Check which symbols are worth getting into by reading our quick guide: Weekly Trading Forecast: October 24-28, 2022.

    Apple, Amazon, Alphabet, and Microsoft Provide Quarterly Financial Reports

    We are entering the highest earnings season. On Tuesday, October 25, Alphabet (GOOG.US) and Microsoft (MSFT.US) will release financial reports, and their earnings will shape the US equities price action. On Wednesday (October 26), Meta (Facebook; META.US) and Boeing (BA.US) will follow. Then on Thursday (October 27), we will get to know how the business is going in Apple (AAPL.US), Amazon (AMZN.US), Mastercard (MA.US), and McDonald’s (MCD.US).

    Trade Meta Platforms Now

    All these companies have different backgrounds, and you can choose any of them to look closely at the situation before the critical data is released. Make sure you respond to the earnings coming above or below expectations.

    Weekly Trading Forecast October 24-28, 2022: Google, Apple & More

    One in five S&P 500 companies has already released their Q3 numbers, and 72% of them came above the consensus forecast. 

    We’ll know more when the Bureau of Economic Analysis publishes the Q3 estimated advanced GDP growth rate on Thursday. The forecast is a 2%-2.4% annual rate, which should come after the economy shrank by 0.6% in the second quarter. If the expectations are met, this would be the first positive quarter for GDP since Q4 2021. Get ready for a roller-coaster session 

    Alphabet Stock Forecast

    The stock fell below the critical support of $100 per share in late September and went to $95.20 on October 13, the lowest in a year. One thing is inevitable if the economy has started to recover already, the world’s leading tech companies are an exciting target. The third quarter results come on Tuesday, October 25. However, we don’t know the exact time yet. Make sure you follow the news and make some tremendous reactive trades when Google releases the report. Alphabet closed at $101.40 on Friday.

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    SPX500 Stock Forecast

    The central moment for the dollar forex pairs and the main stock indexes is 14:00 UTC on October 27, when the growth estimates for the US economy are released. The forecast is from 2% to 2.4%, and our guess is that meeting it could spark a bullish rally on stocks (and maybe crypto). The GDP decreased by 0.6% in the previous quarter. If the data is lower than expected, you should also be ready for a bearish shock.

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    Apple Stock Forecast

    The iPhone company will release the earnings for the third quarter on Thursday. However, other financial results and macroeconomic data will heavily affect the price. You have to follow all the information this week. Apple will hold a press conference on the earnings on Thursday, October 27, at 5 pm ET (21:00 UTC).

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    The stock hit a local low at $134.43 on October 13 and has been trending up since. Get ready for increased volatility this week.

    Also, cryptocurrencies will react strongly to every macroeconomic release. When considering upcoming quarterly reports from major US companies in the Weekly Trading Forecast October 24-28, 2022, you should watch Bitcoin, Ether, Binance Coin, Cardano, and others this week.

    Read also:

    • Cryptocurrency Future: 6 Reasons Why It Is Secured
    • Weekly Financial Update: October 13-21, 2022
    • Chinese Banks Get Rid Of Dollars On Swap Markets
    alphabet Amazon Apple apple stocks featured forecast forex trading gafa Google meta platforms microsoft spx500 tech companies
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    Francisco Meyer

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