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Last week was quite eventful on the earnings front with Tesla and Netflix suffering large drops. This week we have more big names such as Microsoft, Alphabet, Meta Platforms, Boeing, Visa, Exxon Mobil and Verizon all set to report.

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U.S. tech giants could signal an end to the nearly year-long slowdown in their cloud businesses as signs of economic resilience encourage clients to boost technology spending, while a pickup in digital ads will also aid profits.

September S&P 500 futures (ESU23) are up +0.24%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.32% this morning as investors looked ahead to the Federal Reserve’s interest rate decision while also bracing for the release of the Fed’s favorite inflation gauge.

U.S. stock index futures inched higher on Monday as earnings from megacap growth and technology companies roll in and investors look ahead to a rate decision from the Federal Reserve later this week.

September S&P 500 futures (ESU23) are up +0.24%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.32% this morning as investors looked ahead to the Federal Reserve’s interest rate decision while also bracing for the release of the Fed’s favorite inflation gauge.

For Immediate ReleaseChicago, IL – July 24, 2023 – Today, Zacks Investment Ideas feature highlights Meta Platforms META, Nvidia NVDA, Tesla TSLA, Microsoft MSFT and Alphabet GOOGL.

For Immediate ReleaseChicago, IL – July 24, 2023 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Nvidia NVDA, Alphabet GOOGL, Meta Platforms META, Snap SNAP and Microsoft MS

For Immediate ReleaseChicago, IL – July 24, 2023 – Today, Zacks Investment Ideas feature highlights Meta Platforms META, Microsoft MSFT and Alphabet GOOGL.

The peak holiday season is gearing up, but school's not quite out for summer in financial markets.

Tech giant Microsoft ( NASDAQ:MSFT ) is scheduled to announce its fiscal fourth-quarter results on Tuesday, July 25. Investors and analysts will be keen to know the extent to which the company is benefiting from the AI-related boom and the trend in Azure's growth rate, which has been decelerating in recent quarters due to macro pressures. Investors will also look forward to management’s commentary on the Activision deal. Wall Street seems bullish ahead of the upcoming results. Expectations from MSFT’s Fiscal Q4 Results Microsoft surpassed analysts’ earnings expectations in the first three quarters of Fiscal 2023. In Q3 FY23 (ended March 31, 2023), the company’s earnings per share (EPS) grew 10% year-over-year to $2.45, easily exceeding analysts’ consensus estimate of $2.22. Revenue grew 7% to $52.9 billion. However, revenue from Azure and other cloud services grew 27%, marking a slowdown compared to the 31% growth in the prior quarter. Enterprises are optimizing their IT spending due to macro challenges, thus impacting Azure and other cloud providers. Coming to Q4 FY23, analysts expect EPS to grow 14.3% to $2.55, driven by about a 7% rise in revenue to $55.5 billion and improved margins. On Friday, Goldman Sachs analyst Kash Rangan reiterated a Buy rating on MSFT and increased the price target to $400 from $350 after the company announced pricing and other details related to its Microsoft 365 Copilot offering. Rangan noted that Microsoft 365 Copilot will be launched into a base of over 380 million users for $30 per user per month. He estimates the product to have a total addressable market of more than $135 billion over the long term, of which he expects MSFT to capture 15-30% by FY26, assuming a mid to late FY24 launch. Meanwhile, Rangan anticipates the sequential deceleration in Azure's growth to stabilize, as the “impact of optimization trends plateau and Gen-AI workloads are added.” He projects Azure revenue to grow 27% in cloud computing in Q4 FY23. Additionally, the analyst expects Microsoft's Q4 FY23 revenue and EPS to increase by 8% and 18%, respectively. Rangan thinks that Azure may beat expectations by about 100 basis points, given that channel conversations suggest that the demand for new offerings (like Azure OpenAI Services and GitHub Copilot) has surpassed estimates. Technical Indicators Ahead of Microsoft’s Fiscal Q4 Earnings Ahead of the Q4 FY23 earnings release, technical indicators reveal that Microsoft is a Buy. According to TipRanks’s easy-to-understand technical tool, MSFT’s 50-Day EMA (exponential moving average) is 329.83, while its price is $343.77, making it a Buy. Further, MSFT’s shorter duration EMA (20-day) also signals an uptrend. Is Microsoft a Buy or Sell Right Now? Microsoft shares have rallied over 43% year-to-date, reflecting investor optimism about the company’s growth opportunities in the generative AI space. Earlier this year, the company confirmed that it is investing billions of dollars in start-up OpenAI’s ChatGPT tool. With 31 Buys, three Holds, and one Sell, Wall Street has a Strong Buy consensus rating on Microsoft stock. The average price target of $374.59 implies nearly 9% upside. Insights From Options Trading Activity TipRanks now presents options activity, to help investors plan their trades ahead of earnings releases. Options traders are pricing in a 5.89% move on Microsoft earnings. The stock has averaged a 2.2% move in the last eight quarters. The anticipated move is determined by computing the at-the-money straddle of the options closest to the expiration after the earnings announcement.  Learn more about TipRanks’ option tool  here. Disclosure

A look at the day ahead in European and global markets from Stella Qiu

Meta Platforms (NASDAQ: META) is scheduled to report its fiscal Q2 2023 results on Wednesday, July 26, 2023. We expect the stock to beat the consensus estimates of earnings and revenues. The company outperformed expectations in the last quarter, with revenues increasing by

This week we have PMI, the FED, and a plethora of other items. Now toss in the continued earnings calls and things could get really fun. Here are 5 things to watch in the market this week.

Below is Validea's guru fundamental report for MICROSOFT CORP (MSFT). Of the 22 guru strategies we follow, MSFT rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental moment

The S&P 500 (SNPINDEX: ^GSPC) soared 15.9% in the first half of 2023, and the index is now just 5% below its all-time high. Seven stocks, dubbed the "Magnificent Seven" by Wall Street, accounted for 73% of those gains. In other words, they are almost single-handedly driving t

Investors are about to get a flood of fresh information about Microsoft's (NASDAQ: MSFT) business. The software giant will announce fiscal 2023 fourth-quarter results on July 25, in a report that will likely feature an official outlook for the fiscal year 2024. There are big ques

Amazon, Alphabet, Microsoft and Meta Platforms are all slated to announce their results this week.

Last year, most of us felt the bear market blues. That's as the difficult economy and rising inflation weighed on companies -- and their share prices.