We are not impressed by MSFT up 2% in the premarket, despite commentators pointing to it as a bright spot in an otherwise negative tech landscape this morning.
We are not impressed by MSFT up 2% in the premarket, despite commentators pointing to it as a bright spot in an otherwise negative tech landscape this morning. For the active trader, the important thing about earnings isn’t the earnings themselves but rather the market’s reaction to those earnings. A 2% lift on a MSFT beat is not exactly a jubilant reception. More reflective of traders’ mood is GOOG, down 12% on its miss.
There is an absolute flood of data to consider this morning. This is one of the busiest earnings announcement days of the season. It’s easy to get overwhelmed. Experienced traders will let the opening froth settle before engaging, probably around 10 a.m. We’ll pick out the exceptional setups and post them to our trading board as they develop in real time.
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