MSFT, META and ARM Forecast – Major Tech Earnings Incoming

MSFT Technical Analysis

Microsoft looks like it’s going to open a little bit higher during the trading session here on Wednesday as we continue to march along a major trend line. The next earnings report is this evening, so keep that in mind. Therefore, Microsoft could be a bit dangerous to play around in at the moment. But tomorrow, meaning Thursday’s setup, could very well offer a bit of value if we get a short-term sell-off.

Sell off, of course, being the operative word here, not meltdown, if the earnings come in as expected, which is $3.37 earnings and 73.81 billion revenue, then things should be okay. If we get anywhere close, then I would be looking at a potential pullback to 500 as a buying opportunity if we do see a little bit of weakness.

META Technical Analysis

Meta looks like it’s going to try to rally a bit in pre-market trading and open to the upside, but we’ll just have to wait and see how that plays out. After all, we are hanging around the crucial $700 level and that in and of itself will probably cause a little bit of noise. But that being said, I also recognize that the 50 day EMA is sitting at the $688 region and is rising. Again, Meta also has an earnings report coming out at the end of the session. So, your estimate is $5.87, and the revenue estimate is $44.81 billion. Again, I think this is a bullish market. I would welcome a little bit of a sell-off though.

ARM Technical Analysis

ARM Holdings has its earnings report after the bell as well, as it pressures the $167.50 level. Short-term pullbacks do make a certain amount of sense at this double top or at least potential double top area that has seen some noise in the past. Nonetheless, I look at that as a buying opportunity here as well, with the 50-day EMA rising, offering a bit of a floor in this market closer to the $150 level. If we do break out to the upside, then so be it. At that point in time, I think you will probably be looking at the $180 level.

For a look at all of today’s economic events, check out our economic calendar.