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We are in the midst of earnings season now! Let's delve into 3 of the most important earnings of Tesla, Meta and Alphabet. (If you like a more detailed breakdown, you can watch the video above)

This Week in the Market: Unpredictable Ups and Downs

First off, Meta's Q1 2024 earnings were surprisingly positive with significant growth:

• Revenue: Up by 27% year-over-year

• Operating Income: Increased by 91%

• Net Income: An impressive 117% rise

Despite these strong numbers, Meta projected a slight dip in Q2 revenue and raised its full-year expense forecast, primarily due to increased costs in infrastructure and legal areas. CEO Mark Zuckerberg emphasized ongoing investments in AI, which initially spooked investors, leading to a 14% drop in Meta's share price overnight.

Conversely, Tesla faced a challenging earnings report with decreases across the board:

• Revenue: Declined by over $2 billion

• Net Income: Down by 55%

Despite poor performance metrics, Tesla’s stock rose by 14% following an announcement from Elon Musk about plans to produce more affordable EVs by early 2025.

Alphabet and Visa: Signs of Stability and Growth

Alphabet reported a robust earnings beat, leading to an 11% pre-market increase in its share price. This result is a testament to the strength and resilience of its business model, particularly in the cloud segment.

On the financial front, Visa continues to show stability and promise. If the price drops back to its 200-day moving average, it may present a buying opportunity at a more attractive valuation.

Market Insights: Look Beyond Short-Term Volatility

The recent fluctuations in Meta and Tesla highlight the market’s irrational pricing in the short term. While short-term results can be alarming, the fundamental health of a business is what truly matters over time.

Your Strategy Moving Forward

As we observe these market dynamics, consider how they impact your investment strategy. Are you positioned to weather volatility? Perhaps more importantly, are you prepared to capitalize on opportunities that may arise from these fluctuations?

May Your Profits Grow!

Pete
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