Individuals Institutional

Call toll-free 800.328.1267

Market Insights

Bringing you the trading news around the world.

Earnings From Big Technology Stocks Are Coming Soon

Third-quarter earnings season has begun. Financials were the first major sector to report and the agenda will soon turn to large technology companies like Microsoft and Apple. This article will cover some key dates and recent news on these major growth stocks.

CompanyEarnings
Date
Average
Options
Volume
*
Tesla (TSLA)10/23/241.67 million
Alphabet (GOOGL)10/29/24314,600
Advanced Micro Devices (AMD)10/29/24525,300
Meta Platforms (META)10/30/24323,100
Microsoft (MSFT)10/30/24234,700
Apple (AAPL)10/31/24781,300
Amazon.com (AMZN)10/31/24453,600
Intel (INTC)10/31/24353,100
Nvidia (NVDA)11/20/243.9 million
* – Average option volume in the last month, according to TradeStation Data.

Recent News

  • Interest-rate concerns have returned in recent weeks as investors focus on the potential for increased government spending after the election. Higher bond yields can hurt sentiment toward the broader market and may distract from companies’ financial results.
  • Most large technology stocks are also stuck below their summer highs. For example, only one-third of companies in the table above have made new highs in the last three months: Nvidia (NVDA), Apple (AAPL) and Meta Platforms (META). This potential weakness is mirrored by the Nasdaq-100, which remains below its July peak despite the S&P 500 and Dow Jones Industrial Average setting new records in October.
  • Chip-equipment giant ASML (ASML) triggered weakness in tech on October 15 announcing lower-than-expected weak bookings. The Dutch company attributed the weakness to restrictions on trade with China. The event interestingly resembled a similar drop on similar concerns in July.
Nvidia (NVDA), daily chart, with key patterns and indicators.
  • AAPL may benefit from healthy demand for the iPhone 16. J.P. Morgan noted customers had to wait longer for new handsets in the weeks following its September 9 launch. Wedbush separately declared that a “renaissance of growth has begun” as sales in China jumped 20 percent. The reports may confirm hopes that AAPL is at the start of an iPhone upgrade cycle that could lift the shares to new highs.
  • Some analysts issued bullish notes on NVDA as the chip giant ramps production of its new Blackwell AI chips. Bank of America raised its price target from $165 to $190, citing a “generational opportunity” in the emerging AI market. The analyst also cited partnerships with companies like ServiceNow (NOW) and Oracle (ORCL) that might help spur adoption of the technology. Goldman Sachs, Bernstein and CFRA took similar actions. Separately, famous investor Stanley Druckenmiller told Bloomberg that he made a “big mistake” by selling NVDA too early.
  • AI’s demand for electricity is triggering a rebirth in U.S. nuclear generation. Amazon.com (AMZN) announced on October 16 it would invest in small reactors. Alphabet (GOOGL) made a similar move on October 14. Both follow a major contract between MSFT and Constellation Energy (CEG) on September 20.
  • MSFT will let customers build autonomous AI agents next month, CEO Satya Nadella said in a post on X. The new service will initially target sales, service finance and supply-chain applications. The move follows similar recent offerings by Salesforce.com (CRM). Agents are AI models with the ability to take actions in an enterprise, rather than simply converse via chatbot.
  • Honeywell (HON) is working with GOOGL’s Gemini AI model to help automate tasks for engineers, warehouse workers and other employees. The first products are expected next year.
  • TSLA announced third-quarter deliveries of 462,890 vehicles on October 2, missing estimates by about 1,000 units. Elon Musk’s EV maker also fell after its robotaxis event on October 10 failed to impress investors. Of the stocks listed in the table above, TSLA is the worst performer this month with a drop of 17 percent.

Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com/DisclosureOptions. Visit www.TradeStation.com/Pricing for full details on the costs and fees associated with options.

Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com/DisclosureMargin.

Tags: AAPL | AMD | AMZN | GOOGL | INTC | META | MSFT | NVDA | TSLA

About the author

David Russell is Global Head of Market Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.