Stronger-than-expected results from Meta, Microsoft and Alphabet last week helped investor sentiment. It was interesting to see Amazon warning over lackluster growth in its cloud-computing business.
This week we look to key earnings calls by Apple, AMD and Qualcomm to shape overall price action.
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With average S&P500 EPS tracking at $52+ for the quarter, there is no immediate risk, and our fair valuation range of 4200 for the S&P500 index looks about right.
