US “Big Tech” earnings preview: FB, MSFT, GOOG, AMZN, and AAPL in focus

Below, we outline the key dates, expectations, and technical trends to watch on each of these tech behemoths...


On the back of yesterday’s exploration of the three key themes to watch for the US Big Tech / FAAMG stocks this earnings season, we wanted to add a bit more color to the individual shares and their technical outlooks. Below, we outline the key dates, expectations, and technical trends to watch on each of these behemoths:

Facebook (FB) earnings technical analysis

Report date: October 25 after the close

Expectations: $3.16 of EPS on $29.5B in revenue

Unlike most of its FAAMG rivals, Facebook (FB) has seen a notable pullback from its early September record highs. As of writing, FB is in the midst of a -15% dip but finding some support at its rising 200-day EMA. Moving forward, that will be a critical level of support to watch, with a break below that zone (currently around $320) opening the door for a deeper pullback if earnings disappoint.


Source: StoneX, TradingView

Microsoft (MSFT) earnings technical analysis

Report date: October 26 after the close

Expectations: $2.06 of EPS on $44.0B in revenue

For its part, the stock of Microsoft (MSFT) is arguably the strongest in the sector. Prices are at record highs as we go to press and the company sports a staggering $2.3T market capitalization, trailing only Apple (AAPL) among all publicly traded companies. From a purely technical perspective, the path of least resistance remains to the topside, especially as long as prices can hold above $305, after a sideways consolidation over the last couple months has alleviated any concerns about short-term overbought trading conditions.


Source: StoneX, TradingView

Alphabet (GOOG) earnings technical analysis

Report date: October 26 after the close

Expectations: $23.13 of EPS on $63.4B in revenue

The stock of Alphabet (GOOG), the parent company of Google, never seems to get particularly perturbed regardless of what’s happening in the global economy. Not surprisingly, GOOG remains in a clear longer-term uptrend and has regained its 50-day EMA after seeing a -9% dip through the month of September. Moving forward, traders will key in on the previous record close near $2920, with a break above that level on a strong earnings report clearing the way for continued gains heading into the holiday season.


Source: StoneX, TradingView (AMZN) earnings technical analysis

Report date: October 28 after the close

Expectations: $8.72 on $111.6B in revenue

Despite its ubiquity in the day-to-day lives of millions, if not billions, of consumers’s stock (AMZN) has spent the majority of the last year simply treading water in the $3,000-$3,500 range. A July foray above that resistance level was short-lived and the longer-term moving averages are relatively flat, so it will take a sustained break and hold above $3500 for bulls to feel comfortable that the stock is regaining its mojo.


Source: StoneX, TradingView

Apple (AAPL) earnings technical analysis

Report date: October 28 after the close

Expectations: $1.23 of EPS on $84.8B

Last but certainly not least (in fact, it’s the “most” valuable publicly-traded company on the planet with a market capitalization in excess of $2.4T), Apple (AAPL) reports earnings on Thursday the 28th. From a technical perspective, the stock is in the midst of a -11% correction, though the recent price action suggests that the longer-term bullish trend remains intact. Moving forward, previous-resistance-turned-support in the $138 area will be critical to watch, with bulls comfortable adding to positions and awaiting new record highs as long as that level holds as a floor.


Source: StoneX, TradingView

How to trade with

Follow these easy steps to start trading with today:

  1. Open a account, or log-in if you’re already a customer.
  2. Search for the market you want to trade in our award-winning platform.
  3. Choose your position and size, and your stop and limit levels.
  4. Place the trade.


Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.

Open an Account