PreMarket Prep
Mixed Messages
Jul 23, 2024
Guest Derrick Oldensmith, a CTA, discusses earnings reports on $SPOT, $GM, $KO, the nixed Google/Wiz deal, and Sketcher's analyst upgrade. The hosts analyze market trends, stock performance, and strategies for trading activities. They also cover General Motors' strong earnings, market trends indicating a potential downturn, and upcoming earnings expectations for Google and Tesla.
01:03:57
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Quick takeaways
- Google's earnings could impact social media stocks, watch for $11.50 price move.
- Tesla's earnings reveal consumer demand insights, with $24 stock movement potential.
Deep dives
Google Expected Earnings Impact
Google's earnings are expected to move the market, with potential influence on social media stocks like Meta and Snap. The expected move for Google is $11.50, presenting an opportunity for traders to capitalize on potential price swings.
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