FOMC Keeps Rates Unch, META & MSFT Way Up After Earnings Reports

Apple and Amazon tomorrow

As we stated in yesterday’s post, the FOMC decision was a nothing burger as rates will remain unchanged and the FOMC will continue to tow the line on higher for longer. The pressor was an even bigger dud, Powell seems checked out, done with this annoyance and if he could quit, he most likely would have by now!

As far as the real news of the day META and MSFT earnings. As far as META and per IBD:

The Menlo Park, Calif.-based Meta said that it earned an adjusted $7.14 per share for the June-ended quarter, up 38% from a year earlier. That easily beat the $5.88 per share that analysts polled by FactSet were forecasting. Sales increased 22% to $47.52, compared to analyst estimates of $44.81 billion. -Investors Bus. Daily

After hours META is way up, +$80 or 11.5%:

Source:MarketWatch

As far as MSFT,

The Redmond, Wash.-based software giant earned $3.65 a share on sales of $76.44 billion in the quarter ended June 30. Analysts polled by FactSet had expected Microsoft to earn $3.37 a share on sales of $73.86 billion. On a year-over-year basis, Microsoft's earnings rose 24% while sales increased 18%. -Investors Bus. Daily

The stock is also way up in the after market +8.3% +$42.50:

Source:MarketWatch

In yesterday’s post we took a look at the $700/$720 call spread for $8.25, well should be pretty close to full value tomorrow! Well done to those who played and continue to follow us through this journey and you will continue to live and learn.

Tomorrow we have Apple, Amazon and MicroStrategy, btw we updated the recent MSTR preferred 9% for BTC and well, there are some interesting points to be had there, none of which we think are very good! Anyway Apple and Amazon, lets see what the options markets have to say in the subscriber only section.

Bonus chart the US Dollar Index, hmm quite a move, start of something much bigger?

We have all the latest trading trackers and updates coming up in the next section as that is it for our free look section. We provide value where others cannot and if you are here for the free ride, then that is fine, we always share a few freebies every month, but we can no longer provide the level of free content that we once did. Our time and our effort is to value to those that utilize and pay for it.